GRT - 4h. Buyers are preparing for a new wave of growth.

27 янв. 2021 г.

From January 18, the GRT market is undergoing a correction. After testing the liquid range of $0.63-0.66, sellers managed to lower the price of GRT by almost 40%. Investors did not panic during the correction of the previous wave of growth. This is confirmed by the volume of trades, which at the time of falling prices were much lower than during growth.

This fact tells us that the global reversal in the GRT market should not be expected. The price of GRT stopped in consolidation. Buyers are gaining strength for a new attack of $0.63-0.66.

The critical range for this scenario is $0.49-0.5. Given the problems in the BTC market, we allow a breakdown attempt and a quick test of the $0.464 mark. In this case, the 4-hour candle should close above the $0.49-0.5 range.

A negative short-term scenario will begin if the price remains below $0.49. In this case, the correction will be deeper. The targets of the fall in the price of GRT we have described in our global idea:

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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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