GRT Bottom?

24 בדצמ׳ 2020

IMO this likely the bottom. However, the descending wedge shown is only on the hourly so it is not as significant as if it was on a longer time frame. The next major resistance is the other green line above the wedge forming resistance in the downtrend. If we break that, I will be confident this is the real bottom and we will break to new highs within a few weeks. Fundamental analysis is that there are currently 723 million coins staked so really there is only about 500 million for trading. I am long for now from about 0.39 and likely into next year.