GRTUSD.P trade ideas
GRT's price challenges $0.30 mark, Eyes $0.50Rising from 50-week EMA: GRT's price is challenging the $0.30 mark, signaling strong bullish momentum as it moves away from the 50-week EMA.
23.60% Fibonacci Level Breakout: The breakout at this Fibonacci level in the weekly chart suggests an uptrend continuation, potentially enhancing the bullish momentum.
Potential to Reach $0.50: The current breakout rally indicates a possible rise towards the $0.50 psychological mark, presenting a significant upside potential.
Sharp Increase in Trading Volume: A 78% jump in trading volume over the last 20 days supports the bullish sentiment and the ongoing trend reversal in GRT.
Critical Resistance at $0.50: Despite optimistic market conditions, the $0.50 level represents a significant barrier, challenging the continuation of GRT's bull run.
Weekly Reversal Indicating a Bull Run: The formation of three consecutive bullish weekly candles after retesting the 50-week EMA underscores a strong reversal and a bullish outlook.
Intraday Pullback: A slight intraday pullback of 2.41% follows a significant 12.78% jump, suggesting a normal market correction within a broader bullish trend.
Discount from All-Time High: GRT trades at a substantial discount from its all-time high, highlighting a potential value buy opportunity for long-term investors.
Technical Indicators Favor Bulls: The DMI indicator's rising ADX line and the positive alignment of the VI lines signal increasing bullish momentum.
GRTUSD: Making real good progressGRTs constant lower low making days are at least temporarily over. Last year Oct GRT put in a first higher low since 2021 and this month price has created a fresh higher high. Elliott wave perspective, price has made a 5 wave up wave 1 and 3 waves correction wave 2, followed by a very strong 5 waves lower degree wave 1 (might still have some energy left to it). We should see a smaller 3 waves wave 2 and then very strong wave 3 of 3. Given this should be the first primary degree wave 1, the minor degree wave 3 should be the strongest wave in this cycle. It should be at minimum 1.618 extension of intermediate degree wave 1, and could go up to 3.618 extension (we have seen that for BTC and ETH). So, good times should be ahead.
The bear case is not fully negated yet. If the bear market is still alive, then price should fail at or below 1.618 extension at $0.87 and go below $0.22. That would mean this bull run is just a B wave move which will be followed by a devastating C wave that can take price below $0.01. Right now let's not think about it too much.
Graph Token - #GRT Can double and even tripleFalling wedge
and also higher low
Sets graph up for a nice run
looking for 20 and 30 cents to be run
GRT sitting in tight range, look for Break Out entryGRT sitting in a tight range, looking for a Break Out.
I prefer break- and-retest entry, others go on break.
Bulls need to flip the first red zone input support asap.
See "Related Ideas" below for info about my methods.
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GRT Price Analysis: Rally Targets $0.25 MarkBullish Comeback: GRT price exhibits a strong recovery, reclaiming the critical support trendline in the daily chart.
Current Target: Approaching the $0.20 level, indicating potential for a sustained uptrend.
Potential Upside: A successful move above $0.20 could see GRT challenge the $0.25 resistance.
Market Sentiment: Improved market conditions aid GRT's recovery efforts.
Chart Patterns: Formation of a triple white soldier pattern suggests continued bullish momentum.
Trading Volume: High trading volumes persist from 2023, bolstering the current price trend.
Technical Indicators:
RSI: Indicates a gradual reversal towards bullish territory.
MACD: Preparing for a potential bullish crossover, signaling trend reversal.
Price Movement: GRT trades around $0.1898, with recent gains hinting at a possible Doji candle formation.
Support and Resistance: Key support at $0.15 and overhead resistance at $0.20.
Market Context: GRT's recovery aligns with overall market upswing, enhancing prospects of a rally.
Upside Potential: GRT could break past $0.20, eyeing a 25% move towards $0.25.
Bearish Scenario: If GRT falls below $0.1753, a drop to $0.15 could be on the cards.
GRT USD 1 Hour Sub wave 3 to larger 3GRT USD on One hour finishing a sub wave 3 to a bigger wave 3 around 20 cents looking for a retrace of sub 4 wave to .173 cents
GRT Price Analysis: Setting Sights on $0.20Current Pattern: GRT price is within a bullish channel, indicating a potential uptrend continuation.
Key Resistance: The crucial level at $0.1753 is the focal point for a possible bullish breakout.
Immediate Target: Overcoming $0.1753 could lead to a sharp rise, aiming for the $0.20 mark.
Recent Performance: GRT has shown a promising recovery with a 3.20% overnight increase.
Market Context: Despite Bitcoin's slow momentum, GRT's positive movement stands out.
Yearly Growth: The last quarter of 2023 was impressive for GRT, boasting a 130% return.
Trading Volume: Increasing volumes are validating each price spike, signaling strength in the rally.
Technical Formation: A channel pattern in the short-term chart suggests bullish persistence.
Technical Indicators:
RSI: Approaching overbought territory, indicating increasing buying pressure.
MACD: A bearish crossover hints at caution, but a potential reversal could realign it positively.
Next Milestones: A successful break above $0.1753 could propel GRT towards $0.20, and possibly $0.25.
Risk Factor: A reversal below $0.1753 could trigger a decline to $0.15.
Overall Outlook: GRT shows bullish tendencies with a significant upside potential if it maintains current momentum.
GRTWhat do you think will happen? Do we leave this channel behind?
If we let it, a lot of growth is expected.
GRT/USDJSE:GRT if you zoom out you can see that GRT has broken out from a 34 month descending channel pattern, this is bullish reversal pattern, I have measured the resistance levels for you, this coin is basically the google of web3 and can easily pump to $5 in the bull run!
Is GRT price Capable to Cross $0.1753 This Year? Retest at $0.15: GRT's price shows resilience, maintaining its bullish momentum after retesting the crucial $0.15 level.
Readying for a Breakout: Currently sustaining above $0.15, there's a growing anticipation of an imminent breakout rally.
Potential Break of $0.1753: A successful breach of the $0.1753 resistance could propel GRT significantly beyond the $0.20 mark.
Resistance Roadblock: Despite a strong uptrend, GRT faces a bearish challenge at the $0.1753 level, leading to a crucial consolidation phase.
Market Recovery Fuels Optimism: With Bitcoin clearing recent uncertainties, there's renewed optimism for altcoins like GRT to resume their upward trajectory.
Trend Reversal Pattern: The ongoing recovery rally hints at a rounding reversal pattern, enhancing the likelihood of a bullish breakthrough.
Current Price Dynamics: GRT is trading at $0.1690, with a temporary pullback suggesting a potential retest or the formation of a double bottom.
Technical Indicators - DMI and EMA: The Directional Movement Index (DMI) indicates sustained positive alignment, while the Exponential Moving Averages (EMAs) support a bullish trend.
Possibility of Skyrocketing to $0.20: Should GRT overcome the $0.1753 barrier, the path to $0.20 and possibly $0.25 seems likely.
Critical Support at $0.15: The $0.15 level emerges as a pivotal support, a breach of which could see GRT dropping to $0.12.
GRT/USDJSE:GRT is a great example of an altcoin that you do not need to be leverage trading at all, there is already so much gains to be made with bluechip coins in spot position such as CRYPTOCAP:RNDR NYSE:FET and BIST:LINK , its buy and hold season, no need to be getting fancy and leverage trading!
$GRT small timeframe trade 40-50% upside?This is a small timeframe trade. I think this move likely plays out over the next few days (if it's going to happen).
As you can see, we've broken out of a bull flag and have tested this upper resistance multiple times at $.1435. Since it hasn't broken this level yet, I think what's most likely from here is for price to reject back into the lower support levels - either $.1347 or .1307.
If those support levels hold, then it sets up a potential 40-50% move higher into the upper resistances.
I'd look for $.1970 to get hit before a trend reversal, but you could also take profits at the $.17 level too.
Let's see if it plays out.
The Graph ($GRT) Yet to Reach Its Yearly High
In the past one and a half months, GRT increased by 110%, primarily due to the positive trajectory of Bitcoin (BTC). Despite this surge, GRT has not yet reached its yearly high, which is 52% higher than its current price, sitting at the $0.23 mark.
The primary outlook for GRT, similar to many other altcoins, is to continue its upward trend. If it can break through the selling zone of $0.155-$0.165, the next targets for buyers would be around $0.17 and $0.19.
A market correction remains a plausible scenario, given the lack of significant downturns in Bitcoin's chart recently. Under such circumstances, GRT could potentially test support zones at $0.120-$0.130, $0.107-$0.115, and $0.101. These points might present good opportunities for accumulating the asset in the spot market, particularly if BTC stays above the critical $30,000 level.
GRT Price Ready For A Power-Packed Bull Run!Return to Bullish Trend: GRT price makes a quick return to bullish territory, overcoming a short pullback with a 15% overnight jump.
Approaching $0.15 Mark: The bullish trend is now approaching the next psychological mark of $0.15, indicating a potential breakout.
Potential to Reach $0.20: A successful break of the $0.15 mark could lead to a sharp jump to $0.20.
Resilience Against Market Correction: Despite a market-wide correction, GRT holders have shown resilience, maintaining the bullish trend.
Bitcoin's Influence: As Bitcoin surpasses the $37K mark, altcoins like GRT are gaining momentum in their recovery journey.
Sideways Trend and Volatility: Following a bullish rise, GRT price is currently in a sideways but volatile trend.
Trading Volume Distribution: A sigmoidal distribution of trading volume in recent weeks indicates anticipation of a bullish return.
Current Trading Price and Dynamics: GRT is trading at $0.1413, experiencing a bearish candle, yet the recent 15% jump underlines strong buyer presence.
Golden Crossover in EMAs: The golden crossover between the 50-day and 200-day EMAs signals a long-term bullish reversal for GRT.
RSI Indicator Trends: The daily RSI shows a declining slope, approaching the halfway line, suggesting cautious optimism.
Breakout and Entry Point: The anticipated $0.15 breakout could serve as an excellent entry point for traders, with potential to push GRT towards $0.20.
Downside Risk: A reversal below $0.12 might lead to a decline in GRT's value to around $0.1128.
i think we need a break at this level to continuethis chart may suggest with fibonacci retracement of a larger elliot wave cycle subwave wave five could present unique buying opportunity in the year of 2024.
laughing all the way to the bankis this reality
the fifth wave beginning at 50% and coming from a fifth wave terminating at 0.236.
this is in price potentially some wave in a larger trend
GRT Price Ready To Run To $0.20!Overnight Jump: GRT price shows a significant 7.79% overnight increase, hinting at the start of a new bullish phase.
Golden Crossover: The Graph token price chart is leading towards a golden crossover, indicating a bullish trend.
Double Bottom Reversal: A double bottom pattern suggests a continuation of the uptrend, with a potential target of $0.20.
New Roadmap Announcement Impact: Following a pullback due to an announcement about a new roadmap, GRT price enters a consolidation phase.
Consolidation Phase: GRT price consolidates between $0.12-$0.14, retesting the bullish break.
Altcoin Market Dynamics: With Bitcoin stable around $37K, altcoins like GRT are preparing to counter potential supply waves.
Intraday Trading Volume Trends: The decline in trading volume during the pullback suggests a lack of seller traction and strong buyer absorption.
Consolidation Near Fibonacci Level: The consolidation near the 50% Fibonacci level at $0.12-0.14 supports the bullish sentiment.
Current Trading Price: GRT is trading at $0.1375, indicating a bullish trend continuation.
Technical Indicators: The golden crossover in the daily chart and the bullish RSI above the halfway line support the uptrend.
Potential Price Skyrocket to $0.20: The conditions are ripe for GRT to potentially break out towards $0.20, influenced by the new roadmap and technical indicators.
Next Milestones and Support Levels: After breaking $0.20, GRT could aim for $0.25, with a key support level at $0.1128 in case of a reversal.
GRT/USDJSE:GRT 3 very possible targets for 2024, even higher for 2025
You can se an alert on the upper descending channel line and take partial profits around the resistance of the accumulation box and see how we react there.
$0.53 is very much on the table after the big breakout!
