EuroMotif

GRT sitting in tight range, look for Break Out entry

EuroMotif Mod Updated   
COINBASE:GRTUSD   The Graph
GRT sitting in a tight range, looking for a Break Out.
I prefer break- and-retest entry, others go on break.
Bulls need to flip the first red zone input support asap.

See "Related Ideas" below for info about my methods.

=========================================
Comment:
Still bouncing inside the channel bound by strong fibs
Zoom IN (15min) for closer look at the zones we just smacked into the ceiling again, this time with a "Ping" (exact reflection off fib).

That may be a bad sign for bulls, because:
"Not every Ping starts a Reversal,
but Most reversals start with a Ping".

So watching closely here

================================================================================================

.
Comment:
Broke out and Flying!
Next target/barrier is Golden fib at $ 0.2341.
What happens there will be quite telling.
Probably reject at first, see if we can break.

================================================================================================

.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.