#GRC analysis — SteemCN

The descending pattern that I was talking in the following analysis #grc long is now gone as it was broken towards the upper limit meaning that a move up is likely to happen. Today I wanted to review the pattern and discover a new patter is building up and it is aiming to 214 satoshis but a strong down movement means that everyone is preparing for the momentum that the move will generate. It seems that those who bought at 160 satoshis level or more are willing to short sell and they are aiming to get back in at 150 to finally reach the 200 level, that is a pretty decent 25% trade if the movement is completed. My long analysis still keeps the optimistic result that it could keep on going up and in te long run profit could be better.

Trading view image and its corresponding post

I'm still amazed how learning few key concepts and trying t o apply them can get you to a better understanding on how trading works and how to get into a better situation when starting a trade.

Other analysis done:

@raserrano - Developer


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