The opening price of GRT was $2.02 on February 23, 2021. As of February 25, 2021, the closing price of GRT was $1.71. In the past 3 days, the price has fallen by roughly 15%. In the past 24 hours, the GRT price has traded between $1.57 – $1.76. https://ift.tt/3pSFaTj How GRT Looks Ahead Currently, GRT is trading at $1.64. The price has fallen from the opening price of $1.70. Thus, the market looks bearish. At present, the RSI indicator is at 60%. An hour back, the RSI indicator was in the ‘oversold’ region indicative of high selling pressures. Thereafter, it has rallied and is nearing the 70% mark. Thus, buying volumes have picked up significantly. We can expect the price to go up. The MACD and signal lines are positive too. A bullish crossover by the MACD line over the signal line indicates that the market momentum is positive. The demand for GRT is picking up. Hence, we can expect the price to go up. Besides, the OBV indicator is upward sloping. Thus, buying volumes are much higher than the selling volumes. High offloading activity will exert upward pressure on the GRT price. Hence, we can expect the price to rise. The AO indicator is also positive and giving out strong ‘buy’ signals. Thus, the GRT market is showing a bullish trend. GRT Price Analysis The current price is just below the Fibonacci pivot point of $1.67. A bullish trend is confirmed if the price breaks out of the first Fibonacci pivot resistance level of $1.75, by the end of the day. Presently, the price has broken out of the 50% FIB retracement level of $1.66. As the market is picking up, we can expect it to break out of the 61.8% and 76.4% FIB retracement levels of $1.69 and $1.71 respectively, by the end of the day. In that case, we can expect the bullish trend to continue tomorrow as well. To sum up, the GRT price is on a rise. The uptrend may be interrupted by the market price corrections. However, the bullish trend can be expected to continue this week.
The post GRT Volumes Picking Up, Expect Uptrend appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
