GRT BEARISH GRTGRT was looking fantastic up until the BTC dump. It's deep pull back has been concerning. If we don't get a solid bounce soon, it maybe likely that we are in a rising wedge on declining volume and about to head to lower prices. To the low .40's I don't want this to happen but I wouldn't be an honest trader if I didn't talk about it
GRTUSD
GRTUSDT 4H CHART ANALYSISGRT ( 4H Chart ) - Technical Analysis
As you can see on the chart, GRT looks like it will form a double bottom pattern on its 4 hour timeframe.
And at this time the GRT position is being consolidated at its 0.618 fibo with the OTE position under the 0.618 fibo retracement.
It looks like there will be a bullish indication through the pattern and the GRT zone is currently consolidating
Entry Point :
0.87 - 0.91
Target 1 - 0.97
Target 2 - 1.05
Target 3 - 1.19
Target 4 - 1.44
Target 5 - 1.82
Target 6 - 2.40
Stop Loss :0.72
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*Not financial advice.
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$GRT breaking out w/ upside to $8.10$GRT seems to be breaking out after consolidating since it's February highs.
If it can push past the 50% retracement level at $1.71 and then it's ATH at $2.97, then I think there could be a strong move upwards and the first take profit level will be somewhere between $4.49 and $6.42. After that, I think it's likely to consolidate further before surging up to a final target of $8.10.
Let's see how it plays out over the coming weeks/months.
Entry at $.87.
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?
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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
DNT 1D BullishDNT looks bullish for a decent move over the next 2-3 weeks, keep an eye on it. Consecutive higher lows over the past few weeks. Looks good
GRT BULLISH GRTNothing has changed for me on GRT. This dump is just noise to me and we are still going to revist ATH from the breakout of this symmetrical triangle on the weekly. The volume profile is nice and declining and the increased spike of buy volume on the breakout looks good. I will reconsider if we have another deep breakdown
GRT triangle breakoutThe Graph seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 1.448 and even higher. GRT , come on!📈
ENTRY : local high @ 1.1243
SL : local low @ 1.0793
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 1.448
RRR : 7.1
INVALIDATION : when SL level hit
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