The recent pullback in cryptos allowed GRTUSD to finish or possibly near finish its ABC correction. I say possibly because it's still possible for the recent upward movement to be A-B-C, but it looks more like a 3rd wave even having a parabolic look to it. A lot of cryptos start their ICO with an A-B-C downward correction that could last quite a while. Technically, GRT did have a tiny one the first day, but immediately started a very strong bullish impulse wave the first few days followed by a sharp zigzag correction. I'd like to see a full 5 waves up on the hourly to confirm the bull trend, but things are already starting to look really interesting.
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Exciting times ahead for GRT! Wave 5 or possibly still even wave 3 of this first of wave 3 of one degree larger is in progress as I type this. Happy trading!
Comment:
DXY should be hitting resistance soon and that should be fuel for cryptos. GRT has a head start on just about all of the cryptos!
