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Graph Token Perpetual Futures

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GRTPERP trade ideas

Be careful chasing The Graph It's been a great week for The Graph. While I do think it will continue upward to complete the cup pattern, I suggest caution. Volume has started to pick up, however it's trending towards daily exhaustion. Current levels aren't huge accumulation zones so I would recommend either a short term play with an exit around the previous resistance zone of .80. Or if you are long this Ethereum token I would wait for this current upswing to play out and then wait for it to pull back and consolidate into a cup with handle. You could then consider jumping into the mid to high .30 zone which have generally held support and are significant accumulation zones.
COINBASE:GRTUSD
by ishorus
GRT: Is anything left in the tank?After an unbelievable run last week, GRT is taking a breather. On the hourly chart, a descending triangle is forming. Looking at ADX/DI, the trend seems to have lost steam at the moment and taking some time off to decide which way to go. Now, two things need to be watched for the next few days. 1. If the triangle is starting to break downwards, it needs to do so with volume. Otherwise it can be a bear trap. If the break happens on low volume, need to wait for a confirmation, which means waiting for a bounce and a failure with continuation downward. 2. DI plus and minus both are sitting on 20 mark. One of the two needs to perk up and beat the other one down. As ADX gains its upward slope the trend will strengthen towards whichever of the four scenarios play out next. a. DI plus moving up with price moving down could mean a bear trap. If the triangle breaks to the downside, but a bounce brings price back into the triangle could mean price is not done going up b. DI minus moving up with price breaking up could mean a bull trap. If the opposite happens and price breaks up and falls back into the triangle and breaks the triangle to the downside, then slide time c. DI plus moving up with price moving up could mean gearing up for space run 3.0 d. DI minus moving up with price breaking down could mean party is over for now If price breaks upwards then look for the FIB extension areas for the next bump on the road. If price breaks below look for FIB retrace areas for bounce play and ultimately a support to the boxed area. Let's see what happens.
COINBASE:GRTUSD
by mukit1