GRT bulls got to hold this level We saw aprx. 10% drop today for the graph which provided a decent buying opportunity and we held and closed our daily candle above the 0.2 FIB level shown by the 2nd most recent candle. now we will see if the bulls can hold this level going into tomorrows daily close. We still also have support from the ichimoku cloud going sideways. If we were to close below the 0.2 level there is a chance we could see a pullback to the 0 FIB, i doubt we will and if we do i imagine it'll get bought up very quick and then we could start to see a climb back up. NFA just my opinion.
Thegraph
GRT (The Graph) Analysis 11/03/2021Fundamentals:
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.
the Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network.
GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to.
Technical Analysis:
as we can see the price has done the Accumulation phase and currently consolidating after an impulsive wave.
we have defined 3 Targets by Fibonacci Projection, which is the projection of the past rally.
the 3 TP gets its Confirmation if the 2 TP gets Triggered by another impulsive wave followed by some price correction and price retracement.
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.
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
The GRT Buy Potential 70% Gain Update on courseThe 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.
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.
Possible Triangle Breakout (GRTUSDT)It might be that this is a breakout on this triangle chart pattern. Since most altcoins are correlated to BTC or ETH, I will be keeping a close eye on them as well. However I am bullish on BTC and ETH (take a look at my profile to see BTC and ETH analysis from today). Not financial advice, Cheers ✌️💫🚀.
The GRT Buy Potential 70% GainThe 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.
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.
GRTUSDT ‘The graph’ long speculationRecently announced parachain with dot, more fundamental news pointing to this coin being undervalued perhaps, saw a break, retest now it looks like we are seeing rejection and we are just waiting for the consolidation. Prob in the W form previously mentioned (all these coins seem to like it). TA pointing good (although we don’t even have a 100 day moving average this is how new this coin is lol). Mid term levels noted. This is another long term coin that I will look to take partials along the way. If you wish to know any of my longer term levels on Grt or any other questions don’t hesitate to dm. This is not financial advice. Happy trading!
Ngs
The Graph (GRT) • Consolidation range waiting confirmation The Graph is an indexing protocol for querying data on Ethereum.
Currently sitting on #33 on CMarketcap this token seems to be doing some consolidation after significant pullback. In the video I talk through some possible scenarios and why I think it s still bullish.
GRT- further breakdown, a reflection of overall market sentimentShort term: Bearish - note I did not put short on the chart itself, as corrections are to be expected.
Long Term: Bullish. Very very Bullish.
The Graph announced some huge news recently, that it would now include support for 4 MORE BLOCKCHAINS! Currently, it has made its way to $3 and down to over $2, with just handling Ethereum blockchain itself.
The news that it will take on 4 more blockchains, is very bullish, and eye opening. Some people misunderstood that it was only on one blockchain to begin with, some people are elated to see the popular Polkadot Network as part of the 4.
However, the price did not react to this. And I believe it is overall sentiment of the market.
Bitcoin is currently reaching new highs, and we should see a peak soon, as the structure of Bitcoin breaks down slightly. The weakened Bitcoin should be able to reach above 60k, but is in danger of correcting. A Correction is completely normal, but it implies that the Altcoins will also dip, and this affects GRT.
I think a correction is necessary, to promote a healthy future growth. When the Altcoins corrected, we never really made it all the way down to the 50% fibonacci retrace, and may still have some room to drop. Once this does, I would expect consolidation til the end of February, and a big launch of Alts after.
GRTUSD: Incoming BullHello Investors and Traders,
The last few GRT post have been winners. GRT do not look like it will wear out anytime soon. If you compare GRT to ETH and BTC, the ratio will suggest GRT will continue higher. We see a continual lower highs the last few days after the recent mega pump. There a few target area for GRT. We will eventually see $4, but we will see if we can make all new highs before we can aim for $4. We will see if GRT will fall back down again after touching ATH and proceed from there.
Let me know what you think.