GRT
GRT finally ready?GRT Daily chart looking like its finally ready for liftoff. RVGI & RSI showing a clear trend matching price action. Started buys at .905 and will buy dips into the .80's if it comes available. Each of the previous 2 taps to support on RVGI & RSI have yielded 100%-120% pops in price within a 4-5 week time period. I expect to hold this trade for roughly that period of time, with a target price of $1.60. Will begin to sell at $1.22.
GRT The Graph Bottom Trendline Re-testHello friends, today I am reviewing the 1D linear scale chart for The Graph (GRT), a cryptocurrency alt coin.
In the chart I noted:
1) GRT price has been in a long-term triangle pattern since Jan-Feb 2021. The price is approaching the apex.
2) The price recently tested the top trendline of the triangle and got rejected and may possibly re-test the bottom of the triangle again, resulting in a 20% price drop to around $0.70-$0.72.
3) The Ichimoku Cloud is showing green and the price has stayed above the cloud since the end of October 2021. If the price drops, it may only be a very quick wick down for the re-test.
4) The RSI (relative strength index) tested the bottom support trendline and could be re-testing it again forming a double bottom to help push the prices higher.
5) The Volume has not gained much momentum since March 2021 but has not significantly decreased either.
6) The VPVR (Volume Profile) shows support and resistance at the current price levels as well as the potential price drop area. If GRT can manage to break upwards out of the triangle, there is limited resistance above.
What are your opinions on this?
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
GRT Analysis - when long?GRT recently was pretty weak as it couldn't even reach 1.65 (0.5 fib) in a correction phase on 1D. It broke out of huge triangle and the trend wasn't as strong as it should've been. In my opinion it needs another retest of main trend line underneath before we see a nice leg up to 1.65-1.71. SL level is 0.64.
GRT/USD - Potential 151% Setup Hello Traders!
GRT went into an upward movement, which was followed by a correction.
The price returned to the main trading range of $0.86 - $1.08 and rebounded from the support level of $0.86. On the daily timeframe, the MA100 is in support.
It is possible to connect to purchases in the range of $0.86 - $0.94.
It's better to place the stop under the support level of $0.64.
Target prices will be the following levels
$1,65
$1,86
$2,16
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
GRT BULLISH GRTNothing has changed for me on GRT. This dump is just noise to me and we are still going to revist ATH from the breakout of this symmetrical triangle on the weekly. The volume profile is nice and declining and the increased spike of buy volume on the breakout looks good. I will reconsider if we have another deep breakdown
GRT The Graph is looking nice in a simple uptrend tunnel!! GRT The Graph is another crypto on my watchlist that I believe will do even better as time goes on. Currently it has been on an uptrend since the end of June. The price action has formed a nice uptrend tunnel/large broadening wedge that looks like it should continue. Next major area of resistance is around the 1.7 range. I will be monitoring GRT and I hope it finds success in the future.
GRT triangle breakoutThe Graph seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 1.448 and even higher. GRT , come on!📈
ENTRY : local high @ 1.1243
SL : local low @ 1.0793
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 1.448
RRR : 7.1
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence