Grin (GRIN) Overview
Launched on January 15th, 2019, Grin is a cryptocurrency focused on privacy without censorship in its implementation of Mimblewimble. According to their website, the developers want Grin to be usable by everyone regardless of borders, culture, skills or access. Without address information or amounts stored on the blockchain, the chain is meant to be lean and scalable. Grin was launched without a premine, ICO, or founders rewards and relies on donations to support the long-term development of the project.
Grin (GRINBTC) Chart Analysis
We are going to be looking at the daily chart for Grin (GRINBTC) on Bittrex, this one caught my attention out of nowhere as usual. You know there are hundreds of different altcoins pairs and I focus my trading based purely on technical analysis, so it can be tricky to choose which altcoins to share... I learned to trust my intuition and it takes care of 100% of the job. So I only need to focus on the writing and the numbers...
Let's get to the writing, later we can take a look at the numbers...
GRINBTC (D) Chart:
GRINBTC (D) MACD:
- One of the best signals is the divergence we can spot between the price of a pair and the indicators. In this case, we can see bullish divergence marked with purple lines... We can see the MACD moving higher while GRINBTC is moving lower.
- Let's take a look at some of the signals coming out of this chart for learning and entertainment purposes...
- We can see GRINBTC now moving above EMA10 and EMA50. EMA10 is the green line coming from the left to the chart all the way to the right accompanying the price closely. EMA50 is the magenta one and is now at 0.00015563.
- The RSI is strong above 50. Anything above 50 is bullish. Above 40 can be neutral and below bearish. Anything below 25 we call weak/oversold.
- The MACD is always strong when it is above the zero line. It can be bullish even when it is on the lower side if it is trending up with momentum. Right now it is starting to form a curve/cup.
- We also have a potential ascending triangle pattern marked with green. This is too early to show this pattern but this is now common in many altcoins charts.
- I don't need all these signals for a trade or to know that a pair is going to move up or down, but if you are learning you need them... With experience, you can just look at the screen and know the potential scenarios for the future and it is happening at the time.
- Practice makes perfect.
GRINBTC PREMIUM Trade by Alan Masters
Buy-in: 0.00013800 - 0.00014500
Next support: 0.00011500 - 0.00013500
1) 0.00018000 |Hit 13-Nov. '19
Stop-loss: Close weekly below 0.00009700.
Capital allocation: <8%.
THANK YOU FOR EVERYTHING, I LOVE YOU MORE NOW
Here I stand... Once more, in front of you again...
Out of my eye can be perceived lots of feelings, there can be words, there can be experiences hard to understand.
I am trying to share it all...
I am always open to giving it all...
When I am praying, we are all always there.
Another chance to breath comes and it asks me to share the feelings that I've acquired based on the experiences that I go through every day.
In many realities, it isn't exactly what I want... Or I did not receive what I thought was my request... But there is never a second of doubt, there is never anything that I regret.
So when I take my time off and breath deeply to find my Soul and chat again...
The message is always one of love and I end up crying and saying THANKS!
Even those moments I thought were the worst, those that push us higher and helps grow when we cant... I am always grateful... and regardless of the experience, I would like to thank you once again.
THANK YOU FOR EVERYTHING... I am sure we will see each other once more.
I LOVE YOU BROTHER/SISTER.