I have been keeping an eye on GRT for the last month, and it looks to me like it has broken out of the rounded bottom that has formed, and could step its way up to ALT. You can see the volume is increasing, and within the rounded bottom, an inverted head and shoulders formed before it finally broke through resistance at around .37 and again around .4
The MACD flashed a short term sell signal prior to that last pullback but looks like it will cross again before morning. The RSI isn't cooked, and really hasn't been since inception. As long as the volume keeps increasing I see this heading towards ATH. This has yet to hit the parabolic stage that it seems every crypto hits, even the "jokes." Nothing is a joke that makes us money though right? As long as it makes my P/L green, I don't really care what it is, or what is made for. For investing, yea that stuff matters, but for trading, It all pays if you play it right. To some extent I feel like how Papa Crypto moves the next few days, will dictate, the type/severity of the upcoming move up.
Let me know your thoughts, and drop your ideas in the comment section
Love & Prosperity Everybody
The MACD flashed a short term sell signal prior to that last pullback but looks like it will cross again before morning. The RSI isn't cooked, and really hasn't been since inception. As long as the volume keeps increasing I see this heading towards ATH. This has yet to hit the parabolic stage that it seems every crypto hits, even the "jokes." Nothing is a joke that makes us money though right? As long as it makes my P/L green, I don't really care what it is, or what is made for. For investing, yea that stuff matters, but for trading, It all pays if you play it right. To some extent I feel like how Papa Crypto moves the next few days, will dictate, the type/severity of the upcoming move up.
Let me know your thoughts, and drop your ideas in the comment section
Love & Prosperity Everybody