Gridcoin is one of the very few crypto's which is showing clear bullish signals. Gridcoin is a smaller altcoin and if the market takes such a big hit it is no more than normal for it to be affected as well. Gridcoin is currently positioned at spot 315 with a marketcap of 24 million. Being so far down has the advantage of not being directly influenced by the big boys as much as crypto's further up. While those are searching for bullish confirmation gridcoin is showing several signals.
- The trendlines of the falling wedge are drawn on the 4h chart but shown on the daily chart. Gridcoin managed to break out of this falling wedge early to the upside.
- MACD just crossed the signal line.
- MACD histogram has been bullish for a while.
- RSI bounced on oversold territory and is also trending upwards.
Next resistances are around 8 and 10 cts and the Bollinger centerline.