Alikze »» GRT | Wave 3 or rising C scenario - 1W
2024-10-21

🔍 Technical analysis:  Wave 3 or C scenario in the ascending channel - the target of the previous major ceiling - 1W 

- In the  previously presented analysis , a bearish flag pattern was observed, after which the  BINANCE:GRTUSDT   currency entered a correction phase, which was completed by the size of the correction flag bar in the Buyer Zone box.

  

  

- As can be seen, the weekly and daily timeframe is moving in an upward channel.

- Currently, a descending channel has been formed inside the ascending channel, the descending flag pattern has been completed in the Buyer Zone.

- Now, according to the current momentum, it can touch the neck line area in the first step.

💎 In addition, an AB=CD pattern has been formed, and the above modification is a response to the mentioned pattern.

- So it can include a motivational wave in the form of wave 3 or bigger C, which can crown the previous major ceiling.

⚠️ Note: It should be noted that if the bottom area is touched before, the ascending scenario will be invalidated and must be updated again.⚠️ 
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  BINANCE:GRTUSDT  
