Thegraph
Is GRT gonna go into price discovery mode again?From the looks if it, GRT has formed a nice support on the old resistance line and looks pretty comfy. I’m just speculating, but seems this baby will break out to the upside sooner than later. Then-another PRICE DISCoVErY!! Hold on to your britches! *I don’t know anything, this is all just speculation. Do ur DD and take everything with a grain of salt!!
GRTUSDTIf you followed my first idea in GRTUSDT, lets just say you made bank haha. Now we have an impulsive wave, the first mistake a lot of traders make is these follow the price, they rush in and get caught out. Now fibs are not always accurate in crypto given the volatility. but if you want to buy at a good price, see if price will fall back to .5 or the 0.618, this is better way to trade.
GRTUSD Price Discovery I am guessing 4.236 FibEx! You?BINANCE:GRTUSD
I'm going with the 4.236($3 zone) Fib extension to start because it's where they pumped THETA to.
Just a guess.
Market cap is roughly $1B at time of posting....People say this is like the google of blockchain!? That means big value.
$3B, $5B, etc....
Bitcoin DominanceHello.
Bitcoin Dominance on a support..
Bitcoin is looking pretty good and just trying to break out from an nice higher lows trading pattern. (added picture)
Many alts are looking really good too. Link, Eth, Grt.. (ATHs)
Curious to see how we keep moving from here, cause I feel like I don't have a clue ;)
3 scenarios which I see possible:
-Bitcoin takes more dominance and alts get weaker against btc
-Alts keep going up as bitcoin stays chill. I don't think Btc will stay chill
-Bitcoin and some alts gets stronger together.. Link, Eth, etc..
Right now markets actually see really really strong. I am little scared because of that.. But maybe it is just that there is ALOT of new money flowing in which actually I do think is the case.
How long this will last. Nobody knows..
If you are not holding for long term, or are trading use stop loss.
Otherwise you will get your ass burned!
Take care!
-Jebu
TheGraph wich way to 1$ ?all in graph like always.
Scenario 1 : GRT straight up to 1$
Scenario 2 : GRT retrace around 0.63$-0.65$ ( Fibo Retracement 0.5/0.68 )
i won't say wich scenario is the best to me this time so ... Tell me wich Scenario you believe in comments please. Thank you!
Happy Tr4Ding !
A nice time to get in on $GRT? Maybe!If we have to believe the Fibonacci sequence we can see that since the lowest point on the 15-minute timeframe we have started making higher lows. Together with a stagnating MACD, and a slightly overbought RSI we may be preparing for our next leg-up in this altcoin cycle.
The Graph (GRTUSD): Graphing a beautiful picture to the skyThe graph(GRT) is an interesting project with good partnerships and adoptions by other crypto projects in the space.
You can always find a good Youtuber to explain this better than me. Please do look this up it is an interesting project.
Alright, let me get into the technicals now.
We had the initial resistance band around 0.4 USD since the start of the year. We successfully broke this and retested this twice now.
In the process, we also bounced back from the current resistance which is around 65 cents to 68 cents.
Currently, we are at our third attempt to break this resistance. We could possibly reach around 77 to 80 cents. At least one is required to maintain the sustainable bull run. What I mean by sustainable bull run is(Not expecting any super sharp drops).
Wait who am I kidding this is crypto expect the unexpected, expect parabola run, and a huge dump back to retest, if it doesn't retest the current resistance at least once now.
Also, looking at the pattern from the launch of GRT it is forming a huge cup and handle.
Considering how the market is moving now, the alt season seems to be completely here, and expect GRT to enter price discovery by next week.
I expect the price to move to as high as 1.15 to 1-25 USD before any form of correction or retest of previous resistance levels as support.
The volume isn't great now, but I expect good volume once it breaks beyond 70 cents.
Also, if the current resistance pushes the value down expect 50-54 cents.
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As always, not financial advice, just my opinion after understanding the chart technically.
Thanks for your time.
Stay safe, sleep well.
Good day.
The Graph (GRT)Hello!
Possible Cup and Handle formation or falling wedge movement on The Graph.
Possible scenarios:
There is cup and handle (bull)
There is falling wedge (bull)
It's possible that we retrace to previous low where is also 200 EMA (red line) on 4hr and bounce from there.
To break the last high we need to see RSI break the resistance lines.
Price has tested the price resistance line 4 times. Usually the fifth or sixth time breaks it. If.. We will get a move upwards.
If BTC takes a big leap downward or uwards this analysis is in danger.
Right now Bitcoin is in a place where it will soon take a bigger moves atleast for my eye.. So be careful
What I have learned about The Graph Protocol it sounds pretty good for a long term holding and it really solves a problem blockchains have by organising open data and making it easily accessible for applications.
If you take trades (not holding long term) use stop loss.
Otherwise you will get your ass burned!
-Jebu