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Grsbtclong

GRS Broken the Weekly Resistance Looking bullishI have mentioned almost all the points on the above chart. Right at the movement, GRS has broken the weekly resistance with a green engulfing candle. From here two possible scenarios, 1. The next candlestick would be going to test the new support which was resistance before at 2156. Most probably on 1st test 95 percent of the chances are the retracement. 2. 2nd scenario would b that the next candle is going to find a new resistance and then it is going to retest the support. I would go with the first scenario because the candle has breakout the upper trend line as well. Important Point: Whenever a certain level is break whether it is support or resistance, after that the next move is usually the retest/ retracement of the broken level. And when it is rejected from that level, then you can enter the trade. Avoid entering the trading while the body of candle has already formed or the candle is in between the two levels. Always try to enter the trade near the support and resistance level after rejections for maximum profits. Trade Safe and manage your money properly. Don't invest all of your money in a single asset. Divide it. If you have 10 trades going on, and out of those 10 , 7 trades are losing and 3 trades are going successful, but the overall percentage is going up then you are good trader. Practice and be patient.
G
by SmartMaxi
GRSBTC ready to take offBINANCE:GRSBTC , not very popular coin now but it doesn't matter much. They say: ''Every dog has its day'' . And so GRSBTC will have it soon. It looks that bottom is in. MACD looks good. Only more volume needed. Targets are in the chart. Keep in mind that this coin likes to dump hard but when it pumps, it pumps hard as well so I wouldn't be surprised seeing GRS reaching second target very soon once the rocket takes off. Buy now and enjoy your profit soon. Not a financial advice.
GLong
by vf_investment
2
Groestlcoin (GRS) A Big Pump AheadHi friends hope you are doing well. In this article I want to show you my technical analysis on Groestlcoin to understand how it has completed the setup for very big bullish move. The major spike: If we watch on the weekly chart then GRS was moving in a down channel. And on the candlestick that was started on the 4th May 2020 it was trying to break down the support. But soon in the second week of May 2020 it started the bullish rally up to more than 80% from the lowest point up to the highest point. All indicators gave clear bullish signals before the rally: Before the bullish rally almost all indicators gave very obviously signals. For example I have used the combination of five indicators to determine the bullish rally. Then it can be easily observed that on 8th May the moving average convergence divergence (MACD) indicator started turning bullish and the stochastic gave bull cross from oversold zone. Then on 12th May the momentum was started changing from bearish to bullish and finally we received a bullish signal by the directional movement indicator as well because the positive directional indicator (+DI) crossed up the negative directional indicator on 22nd May and then we have witnessed a powerful upward move. The SMAs are turning bullish: If we place the simple moving averages with the time period of 25, 50, 100 and 200. Then it can be easily observed that after the strong bullish rally the price action has crossed up all the moving averages. At this time the price action of GRS is crossing up the 200 simple moving average. This time the smallest time period moving average 25 is crossing the 50 simple moving average and the biggest time period moving average with the time period of 200 is above all other moving averages. Once the smallest moving average will be moved above all other moving averages and the biggest time period moving average will be moved below all the other moving averages then a complete opened alligator mouth can be formed by the SMAs that can trigger more powerful bullish move. And before the alligator’s mouth formation we can observe another bullish move when the 50 simple moving average will be crossing up the 200 SMA. Because this golden cross is considered as a powerful buying signal among the traders community and this bull cross between the two moving averages will be a big invitation to the traders to buy GRS. Harmonic moves with continuation: Now let’s move to my favorite part of the analyses and that is the harmonic moves by the price action of GRS. If we switch to the long-term weekly chart then it can be easily seen that the price action is continuously forming different harmonic patterns and all these patterns are bearish. For example 1st the price action formed a bearish Shark pattern and for the completion of final leg it produced more than 1700% bullish rally. Then price action started the formation of bearish Butterfly pattern and while completing the final leg of this butterfly the price action produced more than 600% rally. At this time the price action is forming another bearish Shark pattern. The formation of this pattern was started from the candlestick that was started on 23rd April 2018. And after the completion of initial leg the price action retraced up to 0.618 Fibonacci level. And this was the first confirmation of bearish Shark. Then B to C leg is projected between 1.13 upto 1.618 Fibonacci projection and this is the second confirmation of Shark. You can observe that on the chart I have placed the pattern up to 1.618 Fib level, but this level is in negative zone therefore it will be not possible for the priceline to enter in the negative zone. I have just placed the pattern up to this level only for educational purpose to show you the perfection of this pattern. However the priceline has found a strong support at 0.00001751 sats. Therefore the potential can be up to this level. Now as per Fibonacci sequence of bearish Shark. The priceline should move between 0.886 up to 1.13 Fibonacci retracement level. And once this leg will be completed then in it can produce up to 1650% big bullish rally. However as per Fibonacci sequence of bearish Shark I have also defined some secure targets as well. The complete buying and sell targets as per Fibonacci sequence are as below: Buy between: 0.00003480 to 0.00001751 sats Secure sell target zone: 0.00008636 to 0.0001591 sats Aggressive target sell zone (Upto the completion of shark's leg) 0.0002541 to 0.0003096 sats Conclusion: As previous history of GRS it is very easy for the price action to complete the formation of another harmonic pattern and that is almost formed. However it is not confirmed that this strong bullish move will be started before the testnet release that is announced by the GRS team.
GLong
by moon333
1
#GRS/BTC is ready! 50% Potential ProfitWelcome to this quick update guys. GRS/BTC signals was provided on around 1850 sats thats the price were we bought. It is extremely bullish right now. Although this has become a P&D coin.We are buying heavy bags on this 2000 range with a target almost the range of the CUP and Handle pattern (Bullish in nature). The price is retesting the resistance turned support trendline after breakout positively. Right spot to enter now. For Targets please observe the Chart. Look for my other setups.All are above 50% profit!! Stay tuned, more setups coming up. Please hit that like. button and share your views in the comment section. Thanks Stay safe #PEACE
GLong
by Cryptorphic
27