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📖 Day 1 · Quiz (Single Choic
$GROK Sometimes Your Patience Is Rewarded
Accumulation Opportunity
Price action is riding the strong accumulation area in the chart.
See the purple V shaped bottom? That is the Adam bottom.
Now, notice the bigger projected purple U-shaped bottom?
That's the projected Eve side of the Adam & Eve Double Bottom Reversal Formation. The rounded bottom. 👍
Rounded bottoms pay the bills... 😉
The orange falling wedge consolidation pattern is nearing the end of consolidation.
Falling wedges break to the upside 68% of the time.
Current price action is just above the 1hr yellow 200MA. Now, the bulls need to push above the 4hr 200MA to keep the bullish momentum going.
In the picture below, we see the 1D chart. Notice how the yellow 200MA is tight with price action near the end of the consolidation?
This signals a move is on the near horizon.
Trading is all about probabilities...
We can use Fibbonachi, bullish and bearish divergences, patterns with corresponding measured moves, RSI, MACD, and Stochastic RSI to build a strong strategy.
$GROK Larger Target
$0.0507725
NFA, DYOR ⚠️
#Crypto # Trading #GROK