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GRT

THE GRAPH NETWORK HAS A ROADMAP TO DOUBLE DIGITS!Merry Christmas Eve fellow Traders and Happy Holidays! Today we wil consider the trading pair GRT/USDT. Recently we put out ideas on SUSHI, LUNA, AVAX, 1INCH etc. talking about first wave extensions and their price targets for 2022 (all linked below btw). This, we will do a similar idea for GRT. As you can see in the chart above, GRT has had a 9500% growth in price from it's listing last december up until February earlier this year and has since been in accumulation phase spanning almost a year so far (315 days) marking it's correction phase (wave 2). If we take our fib retracement tool and draw from its opening price at listing date up until it's ath in february, we see price stopped just underneath the 0.382 fib support (which is the basis for a 1st wave extension, coupled with a lengthy accumulation phase). To get our targets for the 3rd wave, we then take out our fib tool again and measure from it's ath to the 0.618% level of the 1st wave and target just under the 1.618% level for wave 3. I have added in the 1.5% level for clear targets. This would give us a price target of around $11.8 - $16.4 should we touch the 1.618 fib resistance. If you agree with this idea, please leave a like below and share your thoughts in the comments section. Feedback is always appreciated. Merry Christmas AGAIN!
Long
by RektMyMom
18
GRT/USDTNot a financial advice RSI is oversold on 4H timeframe but no BULLISH divergences yet, however we might see a Double Bottom here with the upcoming descending resistance breaking if you follow this idea, I recommend to put a tight stoploss under 0.52$ or manage this trade manually, on the other hand if you do not put a stop loss, we have a quite decent price for our DCA strategy Keep in mind that we might see BTC gets broken our support zone and following to the 37k$ zone as the short squeeze
Long
by TradeYourLogic
1
TheGraph Again- i will add a link in comments to my older GRT analyse where we got a rejection around 1$. - To make it quick. GRT is reaching a buy Zone, but like always you have to check TheKing Movements. ------------------------------------------------------------------ Trading Parts : ------------------------------------------------------------------ Buy Zone 1 : 0.65 ( Now ) (not all in) Buy Zone 2 : 0.55 (All in) TP1 : 1.2$ TP2 : 2.2$ (only if we have a strong breakout) ------------------------------------------------------------------ Stop : 0.45$ ------------------------------------------------------------------ - Personally i don't set Any Stop Loss in Cryptos, i rebuy more coins/tokens at lower price, cryptos are terribly fast, sometimes just with a fast "Dip Wick ", you could lose money that you could win back in few Hours / Days, everything is depending on your own strategy. - Stay Safe and invest wisely. Happy Tr4Ding !
KRAKEN:GRTUSDLong
by thecryer
6