GRS has broken out! Looking to climb the mountain to say hello to the King of the Mountain BTC. We're consolidating below the 200 EMA which is acting as resistance. We have nice support below at the 100 EMA. We'll turn our safe entry area into support with a close on our 4 hour candle above that line.
Targets are listed.
Short/Early Medium Term
Safe Entry - 9135 T1 - 9530 T2 - 10500 T3 - 12130
Always use the 4 hour candle when trading these targets. Remember to take profits at targets and buy the pullback. Set your stop losses %2 - %7 below the lowest support whether it's a target or an EMA line. Always watch BTC when trading to see where we're at! Sideways movement = happy Alts, BTC pumps = alts dip, BTC dips = alts dip. Unfair I know!
May your stacks see blue skies and brighter days! -CK
**This is not meant to be financial advice but is to be used for educational purposes and analysis**
Was just staring at the GRS chart thinking "man, I can't be the only one that sees this" and came here. Wasn't even holding it before, the ETF debacle allowed me to pick some up around 8200 at least. Hope things get back on track.
MrMystic
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@GBacon, Yes that really sent our coin out of it's healthy upward movement. All targets remain active and we can utilize the trading strategy of it closing over the EMA lines and safe entry/targets moving forward.