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💶 $GRT may go upwards
Today let's consider the situation on the 1-day timeframe of The #graph . The correction stage on this token may come to an end 🔽
After reaching the high of this year, the decline started. The price fell to strong support levels, the main of which is the ~$0.21. The bulls are trying to defend it.
Note that the entire correction took place within the pattern "descending price channel"🕯 It has all chances to transform into a "bull flag" trend continuation #pattern 🐂 if the midline of the channel is broken in the nearest future.
Overall, the chart pattern looks similar to #STX , which I reviewed last week. These two coins have a high chance of moving up in about the same scenario 📊
#MiCA #IntroToCopytrading
Today let's consider the situation on the 1-day timeframe of The #graph . The correction stage on this token may come to an end 🔽
After reaching the high of this year, the decline started. The price fell to strong support levels, the main of which is the ~$0.21. The bulls are trying to defend it.
Note that the entire correction took place within the pattern "descending price channel"🕯 It has all chances to transform into a "bull flag" trend continuation #pattern 🐂 if the midline of the channel is broken in the nearest future.
Overall, the chart pattern looks similar to #STX , which I reviewed last week. These two coins have a high chance of moving up in about the same scenario 📊
#MiCA #IntroToCopytrading
The triple top pattern is a bearish reversal pattern found in technical analysis. It occurs when the price of an asset creates three peaks at approximately the same price level, followed by a decline. Traders often interpret this pattern as a signal that the upward trend is losing strength and that a potential trend reversal to the downside may occur.
#trippletop #bearish #pattern
#trippletop #bearish #pattern
