GRT
GRTUSDT (GRT) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎
- GRTUSDT 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 and previous swing high resistance (R1).
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support and previous swing low support (S1).
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R2, R3).
- Downtrend ⬇️: Horizontal support levels (S2, S3).
GRT ready for next leg up to $3.38Whether you're hodling or short term trading, I'm sure everyone's been enjoying their gains. But it looks like our pitstop is over and time to head towards our next Fibo stop $3.38. We still could be inside a corrective wave (abcde triangle instead of abc), but it's at a good position right here. In any case, we're still in a third of a third wave, and GRT has been exceptional so any stop along the way is a tentative end of third wave.
GRTUSDT Price actionLast week, the value of grt had a large increase against the USDT. In 2 days the value increased by more than 200%. After that, the value corrections came to a value of 1.70. It is a 40% correction.
The value at which the correction was stopped is 0.618 level of Fibonacci retracement. The flow was followed by growth, and Higher Low was formed.
On 4 hours time frame a triangle has been formed, and the price is expected to break upwards.
The Relative strength index ( RSI ) is on the value of 50, after a large correction that came from a value of 96.
All of this written is not financial advice but my opinion regarding The Graph’s price movement.
GRT BULLISH FLAGHi everyone
I know this dip made everyone's hearth jumped and those of us who has been in crypto for a long time got excited for this opportunity to buy more. We tested the bottom 2 time and both dips bought up very quickly.
We have a bullish flag pattern being formed as I am writing this.
The main thing to look for in this pattern is volume. Volume confirms major moves and the likely hood that a breakout will be successful. The second thing you have to look for is a defined descending trend line that you can watch as the point of breakout. This will be the top part of the flag
Bull flag patterns do have a statistical edge if traded correctly but in the event the set up fails you need to know where to get out. There are a couple of different ways to manage this trade. The most common is to place a stop below the consolidation area. The other way is to use the 20-day moving average as a stop. So if prices close below that moving average then you would close out your position.
Happy Trading
Burak
GRT/BTC = A 600% Gain of Bitcoin!If you happened to be one of the very few people that caught the chart since early GRT, many people have said GRT would not make it over $1. It might have been 1 person, I forget. But either way, I bet it is on your radar now.
GRT has a consolidation happening after last big move, of GRT/BTC.
The goal here is to end up with more Bitcoin, and we are shooting for 1000%.
As long as the bottom trend does not break, we should remain bullish for now. A correction WILL come, but hopefully not yet.
I did take a little profit, as 600% bitcoin is a GREAT WEEK!!!
Lets see what happens here.