GRTUSDT (4H chart)GRTUSDT (4H CHART) Technical Analysis Update
GRT/USDT currently trading at $2.09
Buy-level: only buy after Resistance line breakout (above $2.20)
Stop loss: I will update once I see the breakout
Target 1: $2.60
Target 2: $2.85
Target 3: $3.00
ALWAYS KEEP STOP LOSS...
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GRTUSD
GRT: Signals for BreakoutPer the chart, for me to be convinced that a breakout/reversal is occurring, I'd like to see full candle closes above the symmetrical triangle and a cross on the daily MACD. We can see things are slowly moving up, but still in consolidation. I'm expecting movement within about a week.
The Graph new ATH soon?Good morning guys!
Today I am focusing on $GRT. The Graph is a decentralized query protocol designed for blockchains, built on Ethereum. To make it simple for you, The Graph acts as a search engine for blockchain transitions meaning you don’t have to go to a website to read a whole page to get the information you want. This project is currently sitting on a 2 bil mcap. TVL is around 20bil mcap so this coin has still a lot room to grow, since it is a Microsoft provided project I’ll count it as a bluechip for myself. All in all, there are big names behind this one.
Now some insight in technical analysis:
Here you can see GRTUSD on the daily bar chart from FTX. While this project is being listed back in december 2020, there is not much price history to consider. Not forgetting the plain fact that we are currently in price discovery mode. So far to some basic fundamentals. Basically you can see a classical cup and handle pattern right on before it’s breakout and potential retest before leaving this beautiful bullish triangle. We visited nearly every potential fib level and GRT consolidates around the psychological 0.5 area. MACD validates this with a potential bullish crossover coming in the next few days. By the way, a lot of altcoins are forming this kind of bullish strength on the daily, which means we are about to face some great pumps above them all.
This is me for today. Given chances have to be taken. This is not financial advice.
Cheers!
GRT Breakout of bull flagThe graph has broke out of our prolonged bull flag! Looks very bullish as we have broken the top of flag resistance resistance, Ichimoku cloud has been printing support and is starting to point up, along with our EMA ribbons! Stoch RSI coming out of oversold areas and coming up! i expect us to head up for now although, we have 3 heavy resistance levels we must break before going back up to our ATH, I expect us to break through those levels but we could see a couple rejections and some accumulation along the way! NFA just my opinion
GRT - Clear Signal - 60% Gains - Buy/HoldHello Traders,
We got a clear signal here.
Symmetrical Triangle Pattern on higher time frames.
Buy the break for safer entry, buy anytime for you risk takers.
A RE-Test would prove to provide 60% gains.
Buy/Hold. This is simple stuff, doesn’t need to be complicated.
Buy low, sell high. Buy when no ones talking, sell when everyone is talking.
Good luck!
GRT trying to breakout of bull flag Bull flag on the Graph is still in play we are getting closer and closer to that Apex point, We seem to have pretty rock solid support at the 0.2 FIB level. Watching for a full breakout which should realistically bring us above the 0.3 FIB. Ichimoku cloud printing support going up and the Stoch RSI is playing around the Oversold areas and I think buyers/the bulls should step in soon and buy this up. NFA just my Personal opinion.
Bullish FlagHi everyone,
On daily chart bullish flag is still valid. We might break out of the trendline by later tomorrow or the next day. Once we break out of the trendline that might be a great entry. The take profit is measured by copy-pasting the flagpole from a point where the possible breakout might take place. After breaking out the trend line we will continue setting higher highs and higher lows
This is not an advise just an idea
Thank you
Happy Trading
GRT has the fundamentals, will price follow?GRT is being called the "Google Of Blockchains" by some and while I understand its protocol use/function, Im more impressed seeing its current usage/integration in the most top used and fee generating protocols... similar to LINK's oracle, I think GRT might have a role as a pillar protocol in the greater DeFi/crypto ecosystem... regarding GRT/USD, we are looking at some price consolidation after breaking the previous 80 cent resistance and making an all time high at $2.89/GRT
I will continue to watch the price action and manage around any technical breakdown in BTCUSD price or GRT/BTC ratio but regardless of short term price moves, I'm leaning bullish if we continue seeing The Graph protocol integration, adoption, and dependance into DeFi/greater crypto. I don't have any specific short term price targets, but I did chart a possible parabolic path... will update as the price decides its direction, but if you want to learn more about The Graph and GRT, I linked a Finematics youtube video that does a great job of explaining the importance, usage, and potential of the protocol hope that helps, cheers!
The GRAPH - Google Of Blockchains? GRT Token Explained
youtu.be
The GRT Buy Potential 70% Gain Buy Signal TriggeredScript Buy signal triggered, 13 EMA crossing up 50 SMA strong buy sentiment. The GRT reached its ATH on 12/02/21 at $2.88, and has since retraced back down after a very parabolic move up to the $2.88 level, down to $1.32. During the downward move The GRT has shown resistance at key Fibonacci levels, testing the 200 SMA on the 23/02/21 just 11 days after this huge move to the upside. From the current price levels, there are 2 possible scenarios I can see playing out here after the 200 SMA level was tested.
1. We could see a push phase back to the ATH levels of $2.88914 or..
2. The more likely scenario of another test of the 200 SMA which would form a double bottom , further signalling and confirming our bullish bias back to the ATH levels.
*Update 03/03/21* The Graph did test the 200 SMA Again and has since triggered a strong BUY signal with the 13 EMA Crossing Up 50 SMA. New Fresh Highs Insight!!
Note that the move back to the upside may be faced with some resistance specifically at the 0.382 and 0.7862 Fib retracement levels.
Overall The GRT is still in a bullish outlook long-term. Use the Buy Zone as a guide for the perfect sniper entry.
GRT - Updates on Price / Multiple TimeframeGRT shows signs of strength over last couple days, rising up to $2.00, before hitting a ceiling and dropping back down to $1.75.
1HR: we actually see the 50 day MA cross up and over the 100 day MA, which is very bullish (if it were to happen on a longer timeframe chart), but the fact it shows up on the 1hour, means we could see something similar on the 4 hour and 1 day charts soon. Price was rejected with not that much volume from the $1.75 price point, and this may be a sign that the price can drop lower.
2 HR: OVerall, we now have higher highs, as the price finally went above the 50MA, which had been rejecting it for a bit of time. We crossed over into bullish territory rising above the previous high, but met stiff resistance as the price was rejected from the 200 day MA, which is well above the price. The price drops down to meet the 100 day MA, and seems to want to bounce, but is not showing much volume. The next level down looks likely.
4HR: On the 4 hour the case for a new bullish movement is made. We can see the price supported by the 200MA at $1.44, with some strong volume, and the price rose above the previous high. Price continued up and past the 50MA, until the 100MA rejected it finally, and we are now settling back down by the 50MA retesting. If we break downwards, we will have another bounce off the 200MA and this will be very bullish.
1Day: On the 1 Day chart, things become the clearest, as we see a sideways pennant form, considered to be an extension pattern of the previous trend, this is a bullish indicator. GRT is consolidating and grabbing full support along the way, this looks like its shaping up to make another big run.
GRTGRT trading inside the bull flag still and what we are looking for is a breakout, IMO we could see it continue to trade downwards inside the bull flag some more then breakout to the upside, we could very well see a breakout in the next coming days aswell, as we see the EMA ribbons look very strong and look like they wanna go up, Ichimoku cloud also leading creating some support