Aicrypto
Artificial Intelligence Altcoins will explode imo$GRT $FET $OCEAN
AI narrative is picking up - 3 majors showing promise for the next bull cycle.
However, one seems to be lagging.
AI industry is about to explode and these alts with it imo.
GRT (the graph) Is confirming breakout from descending channelWe can see here on the weekly chart that GRT (aka The Graph) has broken up from its descending channel and price action is currently very close to the descending channel’s breakout target. Much like many other crypto assets at the moment, we can also see that that descending channel has a large flag pole attached to it as well forming a bear flag. While the descending channel has validated its breakout, it is as of now still uncertain whether or not the bearflag will confirm a bullish breakout as well and pull an inverted Bart pattern. However, CoinMarketCap’s rankings of the “most valuable AI and big data crypto projects and tokens” currently has The Graph as the leading platform in market capitalization. According to Pablo Jodar, a crypto analyst at GenTwo, “I think it is linked to the rally on AI stocks, due to the ChatGPT effect.” Consider all the hype behind AI focused cryptos at the moment this greatly increases the probability that GRT will also confirm the bullish breakout up from the bearflag and reach the higher bearflag target as well. I have posted both targets here on the chart and will update this post once each target is hit. GRT is an indexing protocol that is setting itself up to be the decentralized google for searching blockchains.
