GRT Idea Part Two using RSI and FibHi
Ive already created an idea regarding $GRT using it's RSI. However after looking at GRT again I noticed the last time GRT dipped into oversold on the 1hr chart we were met with a close to 40% increase. We recently dipped into oversold on the one hour chart and have so far bounced 15%. If we are met with a identical 40% increase that will take us to the 0.618, which is very important. This could be the big move!
GRT
GRTUSD trending upwards & showing potential triangle breakoutThe graph appears to have broken out of its symmetrical triangle and be in the process of bouncing off a retest. Extending from the base of the triangle to the beginning of this young chart produces an ascending trend line giving support. The chart structure now shows key support and resistance levels, with the next upwards target at $2.20, although $2 may also come into play as a key psychological level.
GRT bulls got to hold this level We saw aprx. 10% drop today for the graph which provided a decent buying opportunity and we held and closed our daily candle above the 0.2 FIB level shown by the 2nd most recent candle. now we will see if the bulls can hold this level going into tomorrows daily close. We still also have support from the ichimoku cloud going sideways. If we were to close below the 0.2 level there is a chance we could see a pullback to the 0 FIB, i doubt we will and if we do i imagine it'll get bought up very quick and then we could start to see a climb back up. NFA just my opinion.
GRT RSIHey guys, Ive just noticed something about the GRT price chart for a scalp trade maybe.
The last time GRT dipped into oversold on the RSI of the 4 hour chart we say a 40% move. Im assuming something similar may happen here.
My findings are the same on the one hour chart. If we were to hit a 40% move from here, That takes us to around the 2.30-2.50 range. meanwhile breaking key resistances as shown in the graph.
Just an idea.
GRT SHAKEOUT UPDATEHi guys!
While sometimes it seems obvious to everyone, it does not mean it is easy. The market is playing with your emotions, do not forget that. You might be right about your position but most will not hold through some shaky movement. To me, GRT represents a great example for such a possible shakeout scenario. K.I.S.S. method is what I prefer. Keep it stupidly simple. The Graph is currently in decision mode, whether it does continue making higher lows and higher highs and breakout from its triangle (less likely) or we get a small fake pump to convince high risk ppl to step in with high leverage and then liquidate them before going parabolic. Funding rates are high and need a cool down. I see GRT trading at around $4-5 in the near future. So be careful if you are using high leverage. Do not burn your fingers like I did years ago.
Stay safe and have a great weekend, Cheers!
GRTUSDT (GRT) - BIG MOVE ANALYSIS 🔎
- BZRXUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3).
- Downtrend ⬇️: Horizontal support level (S1).
GRT/USDT bulls are you strong enough ?GRT / USDT
Technical Analysis 🌟
Price rejected down today after bulls failed to break trendline
strong daily support area = 1.90$ -1.80$
Price likely will visit this area and if bulls show strength and hold it we expect another try for a breakout
If price close daily below 1.80$ then we expect dump
Hope this analysis help
Best wishes
GRT/USDT Prediction AnalysisGood morning to all respected Investors and Traders,
I made a simple analysis for GRT/USDT after a long long run..
I am waiting for a health correction to entry at the market
So I reckon you guys to entry at my sign, HODL, and take profit at my sign "potential target"
Make your own analysis sounds better
Critiques and comments are super appreciated
Happy trading y'all and good luck!
Best,
PS: This is not financial advisor. Please DYOR before entry the market.
GRT/BTC projectionsHere are two possible scenario based on support and resistance .
GRT showed strong growth , bigger than BTC , so this is a basic optimistic projection.
The coin is popular, technology is great and without big rival, trend is up, pattern looks good.
If it reach new high, sky is open...
Disclaimer:
This is NOT “financial advice”,
I do NOT belong to financial world. #NoPro
This is to share visions and ideas with the community.
So go on but decisions you make from it are entirely yours.
GRTUSDT (4H chart)GRTUSDT (4H CHART) Technical Analysis Update
GRT/USDT currently trading at $2.09
Buy-level: only buy after Resistance line breakout (above $2.20)
Stop loss: I will update once I see the breakout
Target 1: $2.60
Target 2: $2.85
Target 3: $3.00
ALWAYS KEEP STOP LOSS...
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ALTCOINS JUST TAKE A BREATHHi guys!
Today I wanna give you a quick update about this dip shown by the Crypto total markect Cap chart, excluding BTC, on the daily time frame. The MACD indicates a clear bullish crossover on the daily chart. This rally is by far not over. At least on the hourly chart it looks like the short term bottom before we are leaving the old resistance and turn that into support level. I’ll expect that area to leave during this week with a potential retest at the end of the week. For me that seems likely to happen before going upwards again. Since Bitcoin smashed through 1T mcap, I’ll expect the total crypto market cap, excluding BTC, to do this too.
Conclusion: Major time frame still looks very bullish. This is just a small correction from yesterday's pump. This is definitely not over yet and of course, this provides no financial advice.
Have a nice day everyone.
Cheers!