GRT - 12h. Critical point for buyers - $0.6

6 Jul 2021

One of the hottest crypto projects, which already at the beginning of 2021 showed an increase of more than 1000% in a month, has now fallen out of popularity. With a total trading volume of $221,718,128, the GRTUSDT market is far from top positions at the moment. However, we are well aware of how quickly things can change in the cryptocurrency market. Therefore, our task is to keep our finger on the pulse and wait for the right moment for profitable speculation.

A significant deterioration in the situation on the GRTUSD market took place after buyers lost control over the range of $1.3-1.4. Consolidation, which continued from February to May, broke down, hitting the mark of $0.5 .

In our previous global idea, which we published on February 12, we expected the beginning of a correction.

The price went down, but it is interesting that now buyers are fixing above the range, in which we expected the fall to stop.

Thus, we assume that the impulse of the fall, which began in mid-May, ends and a rebound awaits us with the first target of $1.3

However, the question arises - where to buy this low-risk cryptocurrency?

If we look at the 12 hour timeframe, we can see that buyers are now trying to take control of the $ 0.75- $ 0.8 mark:

So far, we see that the trading volumes have increased and buyers still lack a retest of the range of $0.6. If a local wave of a fall to this range is at low volumes, it will be a good signal to buy this coin.

Aggressive red candles and increased trading volumes with a local fall wave will continue to move the price in the black channel. In this case, sellers can count on the test of $0.32-0.35 . At the moment, this is an alternative scenario for us.
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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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