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Something like that, unless Grandpa Trump causes some trouble.
1. Analysis of the current daily situation
Context: The day has passed inside the range of the previous bearish week (0.03454 - 0.04035).
Price action: Open: 0.03681 (near the weekly close of 0.03640).
Attempt to rise to 0.03788 (+2.9% from the open), but rejection and close at the bottom of the day's range at 0.03646.
A doji/candle with a small body and upper shadow is forming — this is a sign of indecision and seller pressure on the rise.
Context: The day has passed inside the range of the previous bearish week (0.03454 - 0.04035).
Price action: Open: 0.03681 (near the weekly close of 0.03640).
Attempt to rise to 0.03788 (+2.9% from the open), but rejection and close at the bottom of the day's range at 0.03646.
A doji/candle with a small body and upper shadow is forming — this is a sign of indecision and seller pressure on the rise.
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GRT has shown signs of a PUMP, or or ???
At the moment, a more detailed and data-driven analysis can be conducted. This is not a forecast, but an analysis of the balance of power.
1. Price context: The price (0.04268) is ABOVE EMA(7) (0.04204) and SIGNIFICANTLY ABOVE EMA(25) (0.04098). This is a bullish signal for short-term and medium-term periods. The price is trading above the averages, indicating a positive sentiment. BUT: The price is BELOW the long-term EMA(99) (0.05154). This indicates that in the global perspective (D1 and above), the trend can still be considered bearish or corrective.
1. Price context: The price (0.04268) is ABOVE EMA(7) (0.04204) and SIGNIFICANTLY ABOVE EMA(25) (0.04098). This is a bullish signal for short-term and medium-term periods. The price is trading above the averages, indicating a positive sentiment. BUT: The price is BELOW the long-term EMA(99) (0.05154). This indicates that in the global perspective (D1 and above), the trend can still be considered bearish or corrective.
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