$GRT - Price analysis:
The main trend remain bearish [D1]๐
The price bounced on a weekly support, but the bullish reaction is also weak๐จ
On the H2 chart we can clearly see a wedge pattern, it usually lead to a bearish continuation move๐
[main level are in the chart]
Local Key support: 0.2100$ ๐ฏ
Bull must hold above it, otherwise if #BTC correct deeper, #GRT. price could correct toward 0.1800$ - 0.1750$! ๐จ๐จ๐จ
โก๏ธThe short term price is neutral.
We could also see a fake breakout upward to test the 0.2380 - 0.240$ upper resistance.
โก๏ธTo resume: The short term remain neutral. As long as the price is moving inside the wedge pattern & below the 0.2400$ main resistance, I advice you to not LONG. (except for scalping).
The price could consolidate & move sideway for some days, even weeks.
Is GRT facing stoken supply problem?
