GRT
$GRT Pennant Flag Pattern Forming LONG/SHORT ENTRY (4HR)Bullish pennant forming on the 4 hour chart for $GRT
Thanks for taking a look at my idea, I've been trading for quite some time now with humbly incredible gains
thought id share my idea.
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GRTUSDTThe first uptrend has finished around $ 0.78; the price is in sub-waves of wave 3. From this point Wave 4 has ended in the range of $ 1.30, by crossing the price from the drawn trend line, we can expect the price increase and rise up to the range of $ 5.85.
Graph $GRT - swing tradeGood EMA/MAs setup on 4H. Many bounces across the board, should move sooner than later now post a micro correction.
GRT/USDT Short TermHello,
If $2,05 re-test level keeps holding, GRT/USDT will be easily involved into next channel.
Next target is $2,63 .
Enjoy
The Graph new ATH soon?Good morning guys!
Today I am focusing on $GRT. The Graph is a decentralized query protocol designed for blockchains, built on Ethereum. To make it simple for you, The Graph acts as a search engine for blockchain transitions meaning you don’t have to go to a website to read a whole page to get the information you want. This project is currently sitting on a 2 bil mcap. TVL is around 20bil mcap so this coin has still a lot room to grow, since it is a Microsoft provided project I’ll count it as a bluechip for myself. All in all, there are big names behind this one.
Now some insight in technical analysis:
Here you can see GRTUSD on the daily bar chart from FTX. While this project is being listed back in december 2020, there is not much price history to consider. Not forgetting the plain fact that we are currently in price discovery mode. So far to some basic fundamentals. Basically you can see a classical cup and handle pattern right on before it’s breakout and potential retest before leaving this beautiful bullish triangle. We visited nearly every potential fib level and GRT consolidates around the psychological 0.5 area. MACD validates this with a potential bullish crossover coming in the next few days. By the way, a lot of altcoins are forming this kind of bullish strength on the daily, which means we are about to face some great pumps above them all.
This is me for today. Given chances have to be taken. This is not financial advice.
Cheers!
GRT Breakout of bull flagThe graph has broke out of our prolonged bull flag! Looks very bullish as we have broken the top of flag resistance resistance, Ichimoku cloud has been printing support and is starting to point up, along with our EMA ribbons! Stoch RSI coming out of oversold areas and coming up! i expect us to head up for now although, we have 3 heavy resistance levels we must break before going back up to our ATH, I expect us to break through those levels but we could see a couple rejections and some accumulation along the way! NFA just my opinion
GRT has been accumulating at .618 but could break out soonGRTUSD retraced down to the golden pocket and has been ranging sideways for a while and has provided a great opportunity to accumulate. Does a symmetrical triangle suggest an imminent breakout?
Coiling upWe've seen several touches on the top of the decending resistance line, as well as at the bottom of a horizontal support line. We'll coil into this pattern for a bit unless BTC has a major breakout and we follow suit. I could see GRT hitting $3 shortly.
This is not financial advice.
GRT - one more legGRT seem like it is done with reacummulation and is gearing for another leg higher.
GRTUSDT looking goodGRT is forming a symmetric triangle and we see a breakout soon. GRT has very good fundamentals and a lot of developments going on. This is a good time to build your position in GRT.
Buy Zone: $1.8 - $1.85
Target: $2.05 - $2.23 - $2.44 - $2.63 - $2.81 - $2.99 - $3.35 - $3.75
🔥 GRT Bounce From Strong SupportGRT has bounced yet again from the support channel drawn on the chart. Zoom out for a better overview.
Seeing Bitcoin's bullish behaviour at this moment, I'm confident that the alts will see some strong gains in the coming days. One of them will be GRT.
GRT has been consolidating for almost a month now, enough time to get ready for the next push.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
GRT Analysis Using GannUsing Gann and RSI we can draw the conclusion that price we likely reverse at the (1/1) Gann line
RSI shows a bullish divergence which supports this conclusion
Good entry now or even closer to the (1/1) Gann line
First analysis for GRT
GRT/BTC - Consolidating, approaching trend one. ENGraph is coming up to a point that I would consider to be an area of great value. This spot hits 2 areas, a long term trendline established when GRT hit its all time low, and the Fibonacci Retracement level of 50%.
The retrace, having previously bounced off the 61.8% line, sets up GRT for a percect bull run up to the next level. However, as selling pressure mounted, we are experiencing a longer consolidation, which GRT has shown a pattern of doing. This works in favor of GRT, as long as the trendlines hold. It builds a stronger support base, as GRT has seen some huge gains. Without support, we could easily see the price fall fast.
In my eyes, the first trendline may become invalidated, as he head down towards the 61.8% zone again, expecting some consolidation there. However, keep in mind that we are very close to an Alt Season that we have not really seen yet, with coins like LTC, REP, ETH, etc waiting their turn while the newer cheaper coins have their Altseason first. Remember, this time difference is the whole reason we can aspire to make money off Altseason. Follow the flow of money, and don't forget to sell!
ENJIN - ENJUSDTWhat can I say?
The GRAPH speaks for itself.
I also like ADA and DOT for the long haul ~
Multiple indications suggesting more upside for the graph GRTAfter a fun week, GRTUSD has bounced off the .786fib/200EMA on the 4 hour chart. After multiple rejections at the 0.5fib, a move up looks imminent, with next major resistance likely at 2.2usd.
