At this point picture remains unclear as for GCR/BTC to move higher it must break the downtrend . At the same time, GCR is very close to the support where buyers could start coming in pushing price higher. While currently, GCR remains a risky coin to purchase it could reward aggressive investors in the short to medium term. But to stay conservative perhaps it is better to wait for the breakout.
The upside target and first strong resistance is seen at 6640 satoshi, where two levels are inline with each other. First is and second is 161.8% Fibs applied to the corrective wave down after the breakout of 200 MA. Only break and close below 500 satoshi could invalidate outlook.
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/
ETH Tip Jar: 0x79bb76b99114f9b33fd3e5477eb05f2738d51