Breaking News

GRT/USDT (Futures) Potential Upward Movement

GRT/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 0.79804, 0.88155, 0.89000.

Key Support Levels: 0.79804, 0.75342, 0.75000.

Daily Chart:

The price on the higher time frame found support around the area of confluence made of the 61.80% Fibonacci retracement level and the bespoke support (0.75000 USDT). The market is about to end a pullback to this area before seeing a new bullish impulsive wave toward the next key resistance level.

GRT/USDT (Futures) Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair succeeded to break the wedge formation to the upside where a series of higher lows and highs has been posted. The market now is above the key resistance area (now support), where it is traded inside a range. We expect a lower correction to the bespoke support before a new impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 0.79804

TP 1 @ 0.82972

TP 2 @ 0.88155

Stop Loss @ 0.78220

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!