GRT
THE GRAPH long term more gain and shine 💣🚀💣Hello 🐋
we expect to see more gain for the price in log term targets 🚀💣
Brief explanation 📖👌💡
It is an indexing protocol designed with the specific aim of querying networks like Ethereum and IPFS.
In simple words, projects with complicated contracts (such as Uniswap and even the Bored Ape Yacht Club NFT collection) store information on Ethereum’s network.
The Graph makes it very difficult to read anything other than the basic data directly from the blockchain.
Without getting too far into technicalities, The Graph solves the complexities through a decentralized protocol that’s designed to index and enable the performance of efficient querying of the network data.📖
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
TRADE UPDATE: Growthpoint on the way to its target R11.88What was a low probability trade has turned into an extremely high probability trade.
The H&S broke below the neckline.
We then had all other signals kick in bearish.
21>7 - Bearish
Price < 200 - Bullish
RSI<50 - Bearish
Target can easily be R11.88
✴️ The Graph | EW Basics With Potential Targets (0.395 & 0.555+)Here we the chart for The Graph (GRTUSDT) and I can easily spot a flat (3-3-5) correction based on Elliot Wave theory.
This tells me that a bullish impulse (5-3-5-3-5) should follow as shown on the chart.
The wave count is just for illustration purposes as the shape of the wave is quite unpredictable, the levels though are easier to predict.
So far we have the first and second waves complete and expecting the third wave which is normally the strongest in volume.
After the low was hit in November 2022 we see an increase in buy volume, this support the change of trend.
The RSI hit its lowest level ever and is now back in the green.
Namaste.
🔥 GRT Double Triangle: Pending Break OutAs seen on the chart, GRT is currently trading in a short-term and long-term triangle at the same time. As of new, GTR has broken out of the yellow minor triangle.
With BTC edging up, I'd wager that we're going to move towards the purple resistance of the bigger triangle.
Depending on BTC, we can break out or reverse. Longer-term I'm anticipating a break out, targets in blue. Be patient for the break out to occur.
The Graph (GRT) Breaking triangl, moving in upward channel Clearly whats going on.
GRT recently conducted a backtesting of the support supply line of this channel and may be gearing up to resume its upward movement. There is a possibility that it could make a retracement, which would result in a price of $0.62. and more!
GRT CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the GRT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GRT Triangle bigger than originally thought.After several candle close outside of the original yellow triangle, it is clear that the more valid triangle is now this bigger tan triangle. We can see the top trendline of the tan triangles trajectory angle also matches the angle of the purple descending channels as well for added confluence. While that means we haven’t yet actually broken up out of the triangle just yet, the good news is when we do the breakout target will be higher than original expected. I arbitrarily placed the breakout measured move target line here for a rough estimate. opefully it breaks out of the triangle somewhere close to this region. *not financial advice*
GRT/USDTAfter the squeeze last week, GRT formed a LH and is starting to break down again on LTF.
Currently trading at MO and just above Mid Range, expecting Range Lows in due time.
Will a short after a break below MO and add to my shorts after it breaks below Mid Range.
This is a swing short for me and I will have 2 Targets as shown on the chart.
Follow, like the idea and feel free to leave a comment.
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