GRSS increased by approximately 30 % over the past week, as the market ceiling rose to $ 415 million and broke its price over $ 1.70 for the first time since March 10.
This strong performance has been supported by upward technical references, including constantly positive BBTREND and AdX. However, with the start of momentum indicators in cooling a little, the next few days will be a key to determining whether the grass continues to gather or enter a period of monotheism.
Bbtrend is still strong, but it slightly decreases
Grass’s Bbtrend currently occupies 11.28, which represents the fourth consecutive day in a positive area, after it reached its peak in 14.85 days two days ago.
BBTRand (Bollinger Band Trend) measures the strength of price trends by analyzing the price transmission from its average moving in Bollengerer.
In general, values are higher than zero to a bullish direction, while the values occurred to zero to a declining direction. The more positive reading, the stronger the bullish momentum, while the deep negative values reflect a strong sale of sale.
With Bbtrend preserving 11.28, the distinctive symbol is still in an active bullish direction, although it is slightly cooler than its last peak.
The positive BBTREND readings usually indicate that buyers remain in control and that the upscale momentum may continue.
However, the slight decline of 14.85 may indicate that momentum has begun to dilute. If BBTRand begins to decrease more, this may be an early sign of unification or a possible reflection.
Currently, the grass appears to stick to the momentum ascending, but merchants must monitor any shifts in the strength of the direction closely.
ADX grass shows that the upward trend is increasingly powerful
Grass is currently in an upward trend, where the average trend index (ADX) rises to 30.31 from 26.49 just one day ago, indicating the momentum of the reinforcement trend.
ADX is a widely used technical indicator that measures the strength of the direction, regardless of its direction, on a scale from 0 to 100.
The values below 20 indicate a weak or not present direction, while the above readings indicate that the trend is gaining strength.
When ADX moves above 30, it usually indicates that the trend becomes firm and may continue in the same direction.
With ADX from Grass is now above a 30 threshold, the current upward trend appears to have strength. This indicates that the upscale momentum explodes and that the price procedure may continue to prefer the upward trend in the short term.
As long as ADX is still high or continues to climb, the trend is likely to maintain more attention from momentum dealers.
However, if ADX begins in the plateau or vice versa, it may indicate a possible slowdown or a standardization stage.
The grass can form a new golden cross soon
Si -moving average lines (EMA) show signs of a potential golden cross, a bullish sign that occurs when EMA crosses the short term a long -term sign.
If this intersection is confirmed, this may represent the beginning of the continuous emerging translator. The grass is likely to test immediate resistance at $ 1.85 as some artificial intelligence coins begin to restore good momentum.
If the bullish momentum lasts last week, the distinctive symbol may pay up to $ 2.26, and eventually $ 2.56 or $ 2.79, and its position may be enhanced as one of the best performance performance in the market.
However, if the trend fails to keep transformations and a feeling of landing, the grass can decline to re -test the support at $ 1.63.
The rest at the bottom of this level may open the door to a deeper correction, which may lead to a decrease in the price to $ 1.22.
Disintegration
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