GRTUSD.P trade ideas
GRT to $6Looking bullish off the low and indicators are showing signs of strength. Still holding from $0.3 and no plans to sell yet. Notable resistance ahead but clearing $2.40 should lead us to price discovery.
Targeting the $6 region.
Thanks :)
GRT: Time to Wake UpGRT has been in a bearish trend for about 2 months. I guess April is the time that hibernation ends. It's time to wake up GRT... the flowers are blooming, the sun is shining, and the crypto future is bright.
This is not financial advice. These are just my opinions and ideas.
The Graph (GRT) • Trade SetupGRT is looking strong here. We broke 1.95 resistance and conditions are set to break 2.3 range.
GRT Breakout and Back TestThis 4hr chart shows The Graph (GRT) breaking out of a large consolidation.
For me, this is a bull flag with a nice back test of support. The target for this break out is about $4.27.
I think GRT has great upside potential because it is similar to LINK in one key way...it will become a critical component of the cryptoverse infrastructure.
Owhooooo!
GRT at the edge of breaking a big daily triangleGRT interesting long to take in the blue zone, good risk reward ratio!
Its also a solid top 50 coin. Easy long if we get a break up!
GRT: Structure is importantThis consolidation of GRT feels like dead money. Every time there is a breakout move, somehow it is getting squandered and back to where it started. But in the grand scheme of things, creating a solid market structure is very important for the long term health of the asset. In the last market cycle, most coins would hit the ground running and pump up 100x in a matter of days and then crash 99% over the following few weeks. The ones with good fundamentals created a market structure despite those terrible loss of value and and slowly but surely caught up to the highs again. The scam ones never saw another higher high till this date. The newer breeds of coins are acting somewhat more mature in the current market cycle. GRT for instance, has already experienced 50% to 70% dumps, but has recovered in a very structured manner in my opinion. This time also, it is creating a solid market structure about 30% below the all time high and grinding its way up to challenge the highs again. 30% range consolidation in crypto market is not that crazy and it is exactly the reason the market attracts all kinds of traders. Volatility is a trader's dream after all. The point is, the ebbs and flows of the structure of GRT provided a pool of opportunities; despite not having to move much. At the same time, the structure it is creating right now will provide major support in the coming days when market will eventually see a top. I would take an asset like this over something just goes up without any pullbacks, only to experience the rug getting pulled from under the feet. So, buckle up and enjoy the ride. I think the next moves are coming sooner than later and we will all be rich if we are just patient and proceed with a plan.
Little bit of TA to go with the thoughts :
1. Need to see a break above $1.95, get some support to make a move to the next step to about $2.4
2. Price might swipe daily 10 EMA one more time to make the move up again
3. Price is now above all major EMA support and the space between the lines are spreading. Usually a bullish momentum sign
4. $1.6 is still the major support. A daily close below will change the bullish narrative
5. DI plus on the daily is sitting pretty above 20 line. ADX line is picking up pace. If ADX move above 20 with DI plus stays above 20, it could mean some explosive moves again
GRT close to breakout - 85% gain ahead?Well hellooooo - its been long a time (we shouldn't have left ya)
GRT is in a great posture for a classic ALT coin breakout. Its has now cooled off after a major breakout some time ago - and with everything going on in the market and bitcoin's signaling more upside GRT shows promise. Its silence before the storm. And the storm is near - this trade can have MASSIVE upside with little risk (8:1)
Targets 3.5 USD with a crazy 85% gain.
DYOR
Best
^^
GRTUSD 8$ !!GRTUSD
Daily Time Frame.
Looking at breaking 2$ to buy and hold.
Again 2$ is the price we need to see a break and close above this level.
Targets are :
3$-4$-8$
Regards
GRT: Is the move for real this time?A couple of weeks back GRT was setting up for a major move which got spoiled by the market drop. Well, it is setting up once again. Looking pretty good as long as the market stays stable. If BTC keeps the boring sideways posturing for a few more days, it's going to be party time for Alts. Some might say the party already started with major Alts already making big moves.
For now,
1. GRT is getting a channel break to the upside with
2. 10 day EMA crossing over 21 day EMA,
3. along with DI Plus going into dominant region, with
4. ADX getting picked up.
All pretty solid setup. I would expect a short pullback in the next few days, maybe some stop hunting on the exchanges. If $1.6 level holds, specially if price doesn't break $1.3 level, then I would expect strong moves to challenge the last all time high and potentially to $4 to $5. If $1.3 breaks, then it would look like a major fake out and back to descending triangle pattern and potentially a serious crash. Let's see how it plays out. I will be biased towards the upside until I see signs otherwise.
Made a bet GRT rides up the inside of the red ellipse...But could just as easily ride quickly down one of the other ellipses. Waiting to see...
GRT Price Can Go Down Below The Major Support Of $1.5The weekly technical chart of The Graph showcases a consolidated momentum. On coming to 4hr cart, GRT price is below 100 and 50 Moving average. The 100 MA(Red) line is at $1.16, making it temporary support for the coin. Resistance for the coin on going upside is at $1.8. While on the downside, the coin can see a bounceback from $1.There is a formation of bearish engulfing pattern on the chart If the price goes 10% below the support ,then a new low upto $0.7 can be formed.THETA/BTC pair is currently performing negatively and can break the previous support zone.
Kindly comment your thoughts below
