#GRC analysis

in grc •  13 days ago

Gridcoin seems to be following a descending triangle pattern and it is close to break towards the upwards move and I believe I will start a buying position near 140 satoshis and see how the trade keeps on developing.
This pattern is getting close to be done on the daily view publish y first chart I will come back and visit it and I might even get to buy some #GRC before my prediction.

grc.png
https://www.tradingview.com/x/i07pcA9D/

Other analysis done:


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Interesting development, GRC volume on Bittrex spiked by about 30BTC (~20M GRC) within a timeframe of about an hour. Price has now gone upwards since. This trading volume brings a lot of short-term confidence to this market.

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Pretty interesting insights! I'm more in the long term game but I can always learn from small time frame moves.

Triangles!

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