- GRT is currently at the level of $ 0.325 and is in the support zone.
- Initial Resistance is $ 0.47, next Resistance is at 0.59.
- Technically, indicators are decreasing in the short term.
SUPPORT ZONE
The GRT's highest peak so far was at $ 0.783, the subsequent decline bottomed at $ 0.28, but after a short-term bounce, the rally didn't take long. It is currently hovering above a $ 0.325 support zone and as long as this support zone remains, the uptrend is likely to continue.
When a new bullish move starts, the first resistance is at $ 0.47 and the next resistance is at 0.59.
At $ 0.47 there is the 0.382 fibonacci retracement level at the $ 0.59 level, with the 0.618 fibonacci retracement level at the $ 0.59 level.
WHAT DOES THE GRAPH SHOW TO US?
Looking at the chart in the short term, it seems that the last drop will remain as a correction move. Another conclusion to be drawn from these moves is a new high bottom and the price is expected to move up.
However, the indicators on the charts are falling and not showing an upward bullish sign.
A continuation of a fall and a decline below the $ 0.28 low can prevent the price from rising and move further.
AS A RESULT
Graph (GRT) has recently entered cryptocurrency exchanges and started trading. For this reason, there is no broad price history for the price chart for GRT, however, the approvals that are not taken from the techniques they contain do not clearly show the direction of the trend.
The key point for GRT is now the $ 0.325 level. Whether it will hold or not will show us the direction of the graph. The movement of the price in this area will be very effective in the trend.
