Chart price (TRB) doubles compared to October – is there more to come?

chart (GRT) broke its September highs and is facing virtually no resistance up to $ 1.65.

TRB has moved higher since October 1 when it broke a descending resistance line. This indicated that the correction that had passed throughout the month of September had come to an end.

Both the RSI and the MACD support the continuation of the upward movement.

RSI, which is an indicator of momentum, has risen since the aforementioned breakout. On October 23 it moved above 70. This is a strong sign of an uptrend, even if it shows overbought conditions. sharpest part of an up move usually shines when the RSI is above 70.

MACD, created by a short-term and long-term moving average (MA), is positive and on the rise. This means that the short-term trend is faster than the long-term one.

On October 26, TRB finally broke its September highs at $ 1.05. Now, the next closest resistance area is at $ 1.65. This is the 0.5 Fib Retracement Resistance Level and a horizontal resistance area.

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Cryptocurrency trader @Incomeharks outlined a chart of TRB, indicating that the token is likely to experience a bullish move that could take it as high as $ 1.65. As described above, the token has already started its upward movement and is climbing towards the $ 1.65 resistance area.

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GRT / BTC pair is not yet as bullish as its USD counterpart, but it shows signs that often precede bullish movements.

First, GRT broke a long-term descending resistance line. Second, it regained the horizontal area of ​​1500 satoshi, having initially deviated below it (red circle). This is a bullish development that often preceded the bullish move.

Also, the RSI has moved above 50, which, as stated above, is a sign that momentum is turning bullish.

Finally, there is a bullish divergence in the MACD. This means that while the price has fallen, the MACD has not and is seen as a sign of strength.

TRB must exceed 2,250 satoshis for the rate of increase to accelerate.

TradingView Chart

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