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Grtanalysis

Grt Technical Analysis 09.08.2022The harmonic pattern formed in the monthly period indicates that the prices will increase. Accordingly, we can think that there will be a sales reaction in the B leg of the harmonic pattern. For day traders, this level may be suitable for buy and sell trading. When we observe by expanding the time period, you can see the same pattern as the inner fractal in the weekly period. Considering that the B leg of the fractal pattern is the resistance zone, we can predict that the 1st resistance will correspond to the 1.33 price levels in the 2nd resistance at 0.64. It is seen that the big picture is in the triangle pattern. If we consider the triangle depth as the target with theoretical knowledge, this shows that the hh region of the price corresponds to a price of $ 1.96 in the future. But it is worth noting that. The price is not going to reach this level by going up non-stop. There will definitely be big crashes and resets in between. More different formation patterns emerge in the daily period. In the daily time frame, you can consider the cup and handle formation. The depth of the formation is in line with the previous resistance levels. When we measure the formation area with the gann box, SL can be considered if 1/2 of the cup depth is exceeded. I specified this area as the stop line.
Long
by CryptoBrainn
1
Is the downtrend for GRT done?Here is what I see with GRT at the moment: The bullish: 1) The green box I have drawn is GRT'S last key zone of support. I am getting this from the touch that GRT made shortly after launch and proceeded to rally over 1000%. Ever since then we have yet to re-test this box. 2) We have daily bullish RSI and MACD divergence. Always a good sign. 3) We have been in a downtrend for a very long time and have pretty much re-entered the price zone that the coin launched at. 4) It appears we are starting to break above the ema ribbon. The spread is also relatively small. A good sign. The bearish: 1) We have a 60% ichimoku cloud above us. I have to suspect this will offer some sort of resistance, especially since we have yet to test it during this year long downtrend. 2) The red box marks a key area of resistance for GRT. This area lines up relatively well with the ichimoku cloud, supporting the idea that we will likely see resistance in this range. 3) I suspect the 200 daily ema will enter this range around the time GRT hits it, that is, if it does. This strengthens the previous two points even moreso. 4) Volume is pathetic My take: This is a bit of a risky play right now as GRT is heading into some substantial resistance. I still suspect some upwards movement in the short term, but only into those resistance levels, however I suspect something like scenario 1 will play out, especially if the overall market sentiment turns around in the next couple of months which I believe is to be expected. If we lose the green box we will likely set new all time lows for GRT. Since it has lost so much of its value already, i'm inclined to believe that this wont happen. If I were to go long I would wait for a retest of the green box, potentially after the resistance levels reject GRT. Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
COINBASE:GRTUSDLong
by MarketM8ker
TheGraph Again- i will add a link in comments to my older GRT analyse where we got a rejection around 1$. - To make it quick. GRT is reaching a buy Zone, but like always you have to check TheKing Movements. ------------------------------------------------------------------ Trading Parts : ------------------------------------------------------------------ Buy Zone 1 : 0.65 ( Now ) (not all in) Buy Zone 2 : 0.55 (All in) TP1 : 1.2$ TP2 : 2.2$ (only if we have a strong breakout) ------------------------------------------------------------------ Stop : 0.45$ ------------------------------------------------------------------ - Personally i don't set Any Stop Loss in Cryptos, i rebuy more coins/tokens at lower price, cryptos are terribly fast, sometimes just with a fast "Dip Wick ", you could lose money that you could win back in few Hours / Days, everything is depending on your own strategy. - Stay Safe and invest wisely. Happy Tr4Ding !
KRAKEN:GRTUSDLong
by thecryer
6
GRT The Graph Bottom Trendline Re-testHello friends, today I am reviewing the 1D linear scale chart for The Graph (GRT), a cryptocurrency alt coin. In the chart I noted: 1) GRT price has been in a long-term triangle pattern since Jan-Feb 2021. The price is approaching the apex. 2) The price recently tested the top trendline of the triangle and got rejected and may possibly re-test the bottom of the triangle again, resulting in a 20% price drop to around $0.70-$0.72. 3) The Ichimoku Cloud is showing green and the price has stayed above the cloud since the end of October 2021. If the price drops, it may only be a very quick wick down for the re-test. 4) The RSI (relative strength index) tested the bottom support trendline and could be re-testing it again forming a double bottom to help push the prices higher. 5) The Volume has not gained much momentum since March 2021 but has not significantly decreased either. 6) The VPVR (Volume Profile) shows support and resistance at the current price levels as well as the potential price drop area. If GRT can manage to break upwards out of the triangle, there is limited resistance above. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:GRTUSD
by MillionaireEconomics
8
GRT Buy position ✔Hello Traders. Hope you are having a great day. Today I want to share my thoughts on GRT on 4H timeframe. As you can see GRT has this descending trendline as a resistance in the way. So I have marked the best point to buy and Targets are shown on the chart. Also you can put SL below 0.62$. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. Thank you guys for reading my idea on GRT and don`t forget to comment what you think. ✌
Long
by Existansilon
GRTUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
GRT - BUY_x_33 The Graph (The Google of Blockchain) - Web_3.0The coin has huge potential. Will be the new Web 3.0. I’m expecting coin to be $1 by 2022y . And potentially $30+ next end year! The whole community says so! 🎯BUY=1.0850 🎯BUY=0.8550 stop = 1-3% ✅FUNDAMENTAL:✅ Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies Digital assets like livepeer, helium and bittorent have soared in value this year despite the recent slump in cryptocurrencies. By Omkar Godbole Aug 5, 2021 at 12:41 a.m. Updated Aug 24, 2021 at 10:01 p.m. With bitcoin ( BTC , 2.52%) prices stuck in a months-long holding pattern, some cryptocurrency traders are speculating on what might be the next hot market bet: digital assets associated with visions of a decentralized Internet, referred to colloquially as Web 3.0 tokens. Data tracked by Messari and published by Arca Chief Investment Officer Jeff Dorman shows the cryptocurrency sub-sector of "Web 3.0 tokens" gained 22% in the week ended Aug. 1, outshining bitcoin and every other sub-sector, including non-fungible tokens (NFTs). Bitcoin , the largest cryptocurrency by market value, rallied 10%. On a year-to-date basis, tokens associated with decentralized Internet applications have seen an average 244% rise, trailing the NFT sub-sector's 2,726% gain but beating bitcoin's 37% appreciation. Crypto performance Some of the most prominent Web 3.0 coins, such as livepeer (🎯LPT), helium (🎯HNT), and bittorrent (🎯BTT, -2.23%) ( BTT ), are up at least 800% this year, despite a slump in cryptocurrency markets since April, according to Messari. "Seeing the Web 3.0 ecosystem grow exponentially since the beginning of the year and keep the majority of their gains after the capitulation even in May is very positive for the crypto market," Nick Mancini, a research analyst for Trade The Chain, told CoinDesk. "Higher prices are directly linked to increased demand and expansion of services in each layer, and because of this, the ecosystem is able to continue its growth." Web 3.0 refers to a paradigm shift for the Internet run by network participants worldwide and defined by a set of open, trust-minimized and decentralized networks and protocols offering services such as computing, storage, bandwidth, finance and identity. For instance, the Ethereum-based Livepeer protocol offers a marketplace for video infrastructure providers and streaming applications, while Filecoin and The Graph provide decentralized file storage and data management networks. Helium uses blockchains and tokens to incentivize consumers and small businesses to provide and validate wireless coverage and transfer device data over the network. Messari's tracker shows the Web 3.0 tokens sub-sector, which includes over 40 coins, has a total market valuation of $25 billion, excluding oracle provider Chainlink. (The oracle provider is widely associated with decentralized finance and has a market cap of $10 billion). However, just considering prominent projects like The Graph, Filecoin, Helium and Livepeer, the market capitalization of Web 3.0 tokens tallies less than $15 billion. That's just 2% of bitcoin's total market capitalization of $735 billion. But it's similar to the size of the decentralized finance (DeFi) space a year ago. Messari data shows the DeFi subsector now includes 137 assets and is worth over $50 billion. Awaiting Mainstream Attention While the Web 3.0 tokens have outperformed bitcoin and other major coins by a big margin this year, the sector is yet to witness the euphoria or mainstream attention that Bitcoin , Ethereum , DeFi, NFT, and even Ethereum layer 2 projects have received since October 2020. That’s probably because the underlying technology is relatively complex. “Web 3 is not quite as easy as DeFi is to understand, and it's probably 12 months behind DeFi in terms of mainstream awareness,” Kyle Samani, co-founder and managing partner at Multicoin Capital, said. “We expect this to change as consumer-facing applications based on NFTs, social tokens and creator monetization grow over the next 12 months such as Audius, Mirror, and many others.” The DeFi boom began a year ago and has remained intact to date. That sector's market cap has grown from roughly $5 billion in early 2020 to over $50 billion at press time. Samani is confident that Web 3.0 tokens will play catch up as DeFi sometimes gets a bad rep; however, there is no negativity associated yet with the idea of a decentralized internet. Recently, Commodity Futures Trading Commission (CFTC) Commissioner Dan Berkovitz said that DeFi derivatives might be illegal in the U.S. "No one really says that The Graph, an indexing protocol for querying networks like Ethereum and Solana and IPFS, is bad, whereas a lot of people in the existing financial system say that DeFi is bad,” Samani said. "So as the awareness of Web 3 grows, it's hard to see anything but general support and enthusiasm." Institutions Chip In While mainstream adoption is still at least a year away, deep-pocketed investors are pouring money into Web 3.0 tokens. Multicoin Capital is invested in The Graph, Helium, and Livepeer, according to the official website. Grayscale, the world's largest digital assets manager and preferred venue for institutional investors to gain exposure to digital assets, launched a livepeer trust in March. Rayhaneh Sharif-Askary, director of investor relations at Grayscale Investments, told CoinDesk last month that investors are diversifying into Web 3.0 tokens. "It's diversification within the asset class, whether investors want exposure to bitcoin as a store of value, Ethereum for smart contracts," Sharif-Askary said. "And then the other applications beyond that are building upon those networks, and solving other real-world problems," she said, adding that Grayscale's Livepeer trust is structurally identical to the landmark Grayscale Bitcoin Trust ( GBTC ) (Grayscale is a unit of Digital Currency Group, an investment holding company that is also the parent of CoinDesk.) Livepeer's LPT token is up 1,050% this year. The protocol's weekly revenue surged 10-fold to over $10,000 in the February-to-June period, according to data provided by Web3Index. Doug Petkanics, CEO and co-founder at Livepeer, told CoinDesk that online streaming is a $70 billion market and accounts for 80% of the Internet traffic today. Further, the market is set to grow from $70 billion to $250 billion in the next five years, according to analysts' projections, Petkanics said. The prospects for The Graph, and Ocean Protocol are also looking bright , as Messari’s second quarter review said. Aside from the strong use case, many of these Web 3.0 tokens offer attractive yields via Staked, a platform that allows investors to earn yield from staking and DeFi without taking custody of their crypto assets. For instance, Helium's HNT token currently offers an annualized 8.7% nominal yield, while The Graph's the graph ( GRT , 0.40%) offers a 15% yield and LPT offers 30% returns. The high returns led to positive sentiment for these tokens, as reflected in the below sentiment chart. "Traders have been feeling bullish in regard to them, which fuels a network effect," Mancini said. "Traders profit and stake, and, in turn, tell others about the outsized opportunity." The Graph sentiment chart Crypto Market Is Much More Than Bitcoin The days of investors considering crypto markets synonymous with bitcoin are passé. While bitcoin remains the top cryptocurrency by market value, the recent underperformance relative to other coins suggests investors are diving deeper into digital-asset markets to find investments with faster growth potential. "One-week data may not mean much, but if we look over three months, six months, and 12 months, there's a clear shift away from bitcoin into other sub-sectors, Web 3.0 being one of them," Arca’s Jeff Dorman said in a Telegram call. Per Arca's research note published earlier this week, bitcoin has had "both poor up-capture and poor down-capture" this year. In plain English, bitcoin struggled to outperform other major coins during the market-wide downturn observed after mid-April but also underwhelmed as the market recovered in the past couple of weeks. According to Dorman, the data shows that some new investors are bypassing bitcoin and ethereum (ETH, 0.50%) and going directly into other industry sub-sectors. Historically, investors have used the top two coins as gateways.
GLong
by GRAWDAYTRADER
5