Go long on GRT. Thank me later. Has been consolidating for the last 20 days. just broke out of the falling wedge and has retested the wedge. Time for some parabolic action. target is 0.618 fib at $3.683.
Ive already created an idea regarding $GRT using it's RSI. However after looking at GRT again I noticed the last time GRT dipped into oversold on the 1hr chart we were met with a close to 40% increase. We recently dipped into oversold on the one hour chart and have so far bounced 15%. If we are met with a identical 40% increase that will take us to the 0.618,...
Hey guys, Ive just noticed something about the GRT price chart for a scalp trade maybe.
The last time GRT dipped into oversold on the RSI of the 4 hour chart we say a 40% move. Im assuming something similar may happen here.
My findings are the same on the one hour chart. If we were to hit a 40% move from here, That takes us to around the 2.30-2.50 range....
Breakout from the high and tight flag pattern appeared to happen, but then the price has dropped - but not lower than the start of the flag pole, so the potential is still there for the graph to climb higher. One worth watching.
GRT Is printing a potential bullish inverse head and shoulders pattern. If confirmed, I expect GRT to make moves towards $1.00 after passing 0.88.
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