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GRTUSD

GRT/USD - The Graph is lining up perfectly for a breakout! 🚀Key Support level: $0.70 Key Resistance level: $0.85; $1.24 The Graph (GRT) has consolidated in this large blue pennant since establishing its all-time high at $2.88 in February 2021. The price is reaching the end of this formation and a breakout is likely before November. Until that happens, GRT is constrained by the current support ($0.65) and resistance ($0.85) levels. The indicators are turning very bullish as well, giving confidence that a breakout is in the cards. Technical Indicators Volume: Volume is stable and any break above the current pennant will trigger a bull rally. If that happens on increasing volume, the breakout will be confirmed as soon as we close above the pennant with a green candle on the daily timeframe. RSI: The RSI is curving up on almost all timeframes. This indicates a bullish price action and the price increase will only accelerate once we break away from the pennant. MACD: The MACD on the three-day timeframe just crossed to the positive side. The last time this happened GRT doubled in price from its support line and rallied for a month (July-August). This makes a price above $1 very likely in the near future. Bias: Bullish. The current price action shows a clean break above the pennant is very likely which can be followed by a rally towards the next resistance level at $1.24. If the price breaks away from the pennant, it can also experience a throwback to retest the previous resistance (currently at $0.85). If that is successful the previous resistance will act as support going forward. On the other hand, a failed breakout will push GRT back towards $0.70. Short-Term Price Prediction for GRT Price: As soon as the breakout takes place, GRT should quickly push above $1 with the first resistance sitting at $1.24. The all-time high is still quite far away today, however, a strong rally on increasing volume after the breakout could quickly narrow the gap towards $3.
Long
by DU09
4
🌀GRT at key level // S. TriangleToday the price saw rejection from upper dynamic resistance which is also where 200EMA is. It is now trying to defend key level (0.79) but with ETH pulling back right now it might be hard to hold. No matter what happens a bigger move is coming which should give a clearer direction for upcoming weeks. Entry: Buy if price reaches the lower trendline(green area) -- or buy on break 200EMA -- or buy later on a local pullback Long-term targets: TP1: 0.97 TP2: 1.10 TP3: 1.30 TP4: 1.74 TP5: 1.91 TP6: 2.18 TP7: 2.87 (~250%) TP8: OPEN++
Long
by V0VOLAN
GRT predictionGRT price prediction. In my personal opinion one of the strongest charts in cryptoland. After a full 80% retrace and steady support at the .65-75 range I expect a lot of upside to come in the month ahead for GRT /USD. As moving averages curl and the 365day simple begins to form on a daily time frame prices will begin to push upwards. It has been slow and steady as of late as it's only about a year old. Age and moving averages work well together Only a price prediction. Nothing to base your trades or finances upon, only ideas for the long term
by HighcardJezus
GRT/USD - Massive triangle about to be resolved! Bearish trend.GRT has formed a massive symmetrical triangle which will soon be resolved. The bias right now is rather bearish with price pushing hard on our support. If BTC continues to fall, it is likely it will pull alts with it and take us to the next support level at $0.5. For this reason I'd not trade this right now, nor buy. Wait to see how our pennant resolves, if price falls lower, then best to consider an entry at $0.5. Daily timeframe indicators are also bearish, so not much to say about that. My bias remains bearish for now as the overall market looks ready to re-test its key support levels including ETH and BTC (see ideas linked below). Like and follow if you liked this idea!
Short
by DU09