Grtusdt
GRTUSDT Has Broken Above the Resistance
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Hi Traders, GRTUSDT on H4 has broken above the Flag it’s expected to go higher to the Resistance.
⬆️Buy now or Buy at 0.538
⭕️SL @ 0.480
✅TP1 @ 0.68
✅TP2 @ 0.88
✅TP3 @ 1.170
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GRT Bearish Times AheadGRT looks bearish here as it looks to break below the current Fib support (.382) with decreased volume and looks to be heading towards .60 cents on the USD/Tether pair. GRT bounced off the .382 Fib level last month as it retested the .618 Fib before ultimately making a lower high and looks to be printing lower lows.
GRT has alot of room to fall from here if we fail to bounce off the .382 again. Target 60 cents atleast.
GRT - 12h. Critical point for buyers - $0.6One of the hottest crypto project s, which already at the beginning of 2021 showed an increase of more than 1000% in a month, has now fallen out of popularity. With a total trading volume of $221,718,128, the GRTUSDT market is far from top positions at the moment. However, we are well aware of how quickly things can change in the cryptocurrency market. Therefore, our task is to keep our finger on the pulse and wait for the right moment for profitable speculation.
A significant deterioration in the situation on the GRTUSD market took place after buyers lost control over the range of $1.3-1.4. Consolidation, which continued from February to May, broke down, hitting the mark of $0.5 .
In our previous global idea, which we published on February 12, we expected the beginning of a correction.
The price went down, but it is interesting that now buyers are fixing above the range, in which we expected the fall to stop.
Thus, we assume that the impulse of the fall, which began in mid-May, ends and a rebound awaits us with the first target of $1.3
However, the question arises - where to buy this low-risk cryptocurrency?
If we look at the 12 hour timeframe , we can see that buyers are now trying to take control of the $ 0.75- $ 0.8 mark:
So far, we see that the trading volumes have increased and buyers still lack a retest of the range of $0.6 . If a local wave of a fall to this range is at low volumes, it will be a good signal to buy this coin.
Aggressive red candles and increased trading volumes with a local fall wave will continue to move the price in the black channel. In this case, sellers can count on the test of $0.32-0.35 . At the moment, this is an alternative scenario for us.
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GRT-USDT (break from descending channel) DAILY VIEWHello all! 😄
This idea is short, these are just some targets for GRT that I expect to see if ETH and BTC can maintain bullish momentum.
GRT (The Graph) is a solid investment in my opinion.
We have seen price action break out from current structure/descending channel-wedge shape.
Think about taking some profit at the ~💲1.18 level for safe trading.
Trade is invalid if we break below BLUE trend-line
Let's see and always remember 🔽🔽
🛑This is not financial advice, use a stop loss🛑
Any thoughts 💭🤔, questions🙋♀️🙋♂️❓, like👍, dislike👎, happy😃 or sad😥, always welcome in the comments below, thank you!
Jazerbay💕