So GRT has been drawing a nice bullish triangle and parallel channel.
As you can see, it broke up and closed above its resistance so right now what we can expect:
- it will test the previous resistance as a support and if everything goes well, we can move even higher.
- if the test goes wrong, resistance will be back again and it could meet its lower support level in the triangle.
My shor-term price target is around 2.1.
But be careful, this is a new coin and this triangle isn't 100% bullish.
Remember you stop loss!
As you can see, it broke up and closed above its resistance so right now what we can expect:
- it will test the previous resistance as a support and if everything goes well, we can move even higher.
- if the test goes wrong, resistance will be back again and it could meet its lower support level in the triangle.
My shor-term price target is around 2.1.
But be careful, this is a new coin and this triangle isn't 100% bullish.
Remember you stop loss!