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GRT

🔥 GRT Long Term Bullish Channel GRT has seen a spectacular drop recently, together with most of the crypto market. The drop came to an end when GRT touched the bottom support of the channel. This trade is based on the idea that GRT will follow said channel. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. R2 is positioned at $4, therefore the long-term aspect. Do your own due diligence. Happy trading!
Long
by FieryTrading
36
GRT: Target the same. Type of correction different.The market decided to do a head fake and invalidate the a-b-c-d-e contracting triangle correction. Instead it's either a w-x-y in which the correction is over now, or an a-b-c zigzag where c needs one more leg down before resuming wave 5 of 3 which I'm still targeting $4.80 - $6.22. Looking at how BTC quickly reversed today's plunge (... at least so far), I'm favoring that the correction is over, but of course, the market has the final say. The other thing in the back of my mind is two words: Stimulus Checks!
COINBASE:GRTUSDLong
by asodaforbabyyoda
GRT- further breakdown, a reflection of overall market sentimentShort term: Bearish - note I did not put short on the chart itself, as corrections are to be expected. Long Term: Bullish. Very very Bullish. The Graph announced some huge news recently, that it would now include support for 4 MORE BLOCKCHAINS! Currently, it has made its way to $3 and down to over $2, with just handling Ethereum blockchain itself. The news that it will take on 4 more blockchains, is very bullish, and eye opening. Some people misunderstood that it was only on one blockchain to begin with, some people are elated to see the popular Polkadot Network as part of the 4. However, the price did not react to this. And I believe it is overall sentiment of the market. Bitcoin is currently reaching new highs, and we should see a peak soon, as the structure of Bitcoin breaks down slightly. The weakened Bitcoin should be able to reach above 60k, but is in danger of correcting. A Correction is completely normal, but it implies that the Altcoins will also dip, and this affects GRT. I think a correction is necessary, to promote a healthy future growth. When the Altcoins corrected, we never really made it all the way down to the 50% fibonacci retrace, and may still have some room to drop. Once this does, I would expect consolidation til the end of February, and a big launch of Alts after.
COINBASE:GRTUSDLong
by Shwayze
30
GRTUSDT (GRT) - BUY ENTRY ANALYSIS 🔎 - GRTUSDT is consolidating in a symmetrical triangle pattern. - Price bounced off the symmetrical triangle's inclined support. - Price also brokeout above descending trendline resistance. - There's a possible retest of the symmetrical triangle's inclined resistance. - The current uptrend is support by the ascending trendline support. BUY ENTRY ⬆️ - Market price. TARGET 🎯 - The symmetrical triangle's inclined resistance. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support.
Long
by Chibuike_Odoh
2
GRT: Target zone for end of third wave $4.80 - $6.22In my previous post, I targeted $3.38 for the next Fibo stop (4.618 extension from 1st wave of wave 3 of 1 degree larger). Technically, that could mark the end of the 3rd wave, but I think that's unlikely the end. Wave (1) of this 3rd wave took 7 days, and if wave (5) is on the same order, a move to the 6.618 or 8.618 extension looks more likely, giving a price range of $4.80 to $6.22, respectively. That's at least double the current price within roughly the next couple of weeks or so. If you found value in this post or you've been receiving receiving good value from my posts, I'd appreciate a Thumbs Up and a Follow if you haven't already done so. Thank you. DISCLAIMER: All investments involve risk or loss. None of my posts should be construed as financial advice. You are responsible for your own financial well being so always do your own diligence.
COINBASE:GRTUSDLong
by asodaforbabyyoda
7