Gridcoin showing several bullish signals

in gridcoin •  7 years ago 

Gridcoin is one of the very few crypto's which is showing clear bullish signals. Gridcoin is a smaller altcoin and if the market takes such a big hit it is no more than normal for it to be affected as well. Gridcoin is currently positioned at spot 315 with a marketcap of 24 million. Being so far down has the advantage of not being directly influenced by the big boys as much as crypto's further up. While those are searching for bullish confirmation gridcoin is showing several signals.

Capture.PNG

  • The trendlines of the falling wedge are drawn on the 4h chart but shown on the daily chart. Gridcoin managed to break out of this falling wedge early to the upside.
  • MACD just crossed the signal line.
  • MACD histogram has been bullish for a while.
  • RSI bounced on oversold territory and is also trending upwards.

Next resistances are around 8 and 10 cts and the Bollinger centerline.

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Does master haejin confirm?

master leech only draws elliot waves to ...

you jelly of his god given powers of prediction?

Look, as i always say, these predictions are bullshit, but many people believe on them, so do what the predictions tell you.

Bullish and rightfully so, Highly undervalued for what we're achieving,

I have no idea what you are talking about but thanks anyway!

"Being so far down has the advantage of not being directly influenced by the big boys"

marketPrice.png

read the rest of the sentence ;-)
I am not comparing to bitcoin, I'm comparing to big altcoins.

If you want to compare to bitcoin you should head on compare. GRC overperformed during december and did worse during the crash. You can't only look at the shape you have to look at the difference.

So... ¿can I draw the same lines on BTC and get the same conclusion?
Sorry but I don´t see it. I am not an investor or trader... But I see correlations everywhere between coins, big or small.

Then you have some learning to do ;-)

From you? LOL