Possible move for GRT !!As you can see GRT has already created its flag and is preparing for a strong move. My advice is to buy it at the 1.30 support and after breaking the flag at 1.80 !! Good luck!
GRTUSD.P trade ideas
The graph GRTit's a good possibility that this could play out.
end of may GRT should be around 2.50 any thoughts?
GRT: Break the BarrierThat top trend line is crucial to break through to convince me that a move is coming. GRT is long overdue for a hot jump.
Leave a comment below and let me know what your price predictions are for this year's bull run. Conservatively, I'm aiming for $3 - $5, but it could go higher.
This is not financial advice. These are just my opinions and ideas.
GRT H&S BreakGRT broke out of inverse head and shoulders pattern. Should see some resistance at 200 MA here on 4hr. Short term target $2.15
GRT/USD - Correction got more correctiveAlthough we were already positioned for a breakout in the previous upleg, we got out for a brekeven when it retraced fully. It seems like the daily correction got a bit more complex with (hopefully) a completing C wave that may mark the bottom. The target remains the same.
May this one be a lesson - a bullish correction can always go a tiny bit lower before breaking to the upside. Any time it gives a go to break the top we should already be in the trade from lower.
GRT possibly repeating previous structureGranted there is not a lot of past data on GRT, but I've been trying to find a solid bullish pattern that GRT is forming; unfortunately it has continued to break to the downside. Finally, there may be something there for those GRT fans like myself.
Surely this is a bit of a speculative idea, but GRT could be retracing from the huge pump back in February in a similar pattern to its prior pump back at the start of the year. The last time it bounced off of the lower green trendline (left green arrow) and the MACD crossed shortly after, the huge pump ensued (>1000%) as it broke out of the bullish pennant. Since then, I think it has been following a similar downward trend down to the same trendline bounce and it seems the MACD is ready to cross over if we can get some green candles in the next few days up to $2, it may pop higher.
I believe it was going to do this back on April 15, but BTC dumped and all coins followed, and GRT extended this bullish pennant that it is in.
Now I definitely do not expect the same >1000% move as last time seeing that it was also listed on Coinbase around the same time as the breakout, but I could see a move upwards of 100%-200% by the end of May if it plays out accordingly.
Like I said, this isn't necessarily traditional TA, but I seriously think it could play out given all-season is underway!
After all, this is crypto...
Let me know your thoughts!
PT:
1. $2.90
2. $3.30
3. $3.85
GRT Long PredictionBased on the RSI, MACD, and chart patterns, I believe the price will break through resistance at $1.63 in the next few days, and then continue to hit $1.83, pullback, and then break through that resistance to finally bounce off of key resistance at $2.15
GRT going to break a lot of hearts We've seen incredible volatility from this token in the past and are expecting the same from it in the future but is this the truth? Im thinking this coin will spend a long time trading sideways if not making new lows right now while its still in an uncertain zone.
THE GRAPH -GRT - BULISH STRUCTURE-PRICE BREAK TRENDLINE,BREAK PREVIOUS LH,CREATE HLHH,BULL ABC PATTERN
GRT: Try, try again!When $1.33 level broke on GRT last week, I was bracing for a freefall. To my surprise, it got support at the little tiny structure between $1.12 - $1.15 from early February. Now that we have a potential reversal, need to watch the fib levels carefully. Volume is a concern. This looks like a short squeeze, rather than strong buying. If it is a short squeeze, then .618 level will be a key resistance and the price might unravel from there. If price drops again, but the blue box holds, it could make some inverse head and shoulder or cup and handle type pattern and that will be super bullish sign. If blue box provides no support, then $1.26 will be the new level to watch. If market as a whole drops and takes GRT with it, then the little tiny structures will not hold. so, in summary:
Bullish things:
1. 4 hr stochastics have moved into bullish territory
2. RSI and MACD looking good
3. 21 period EMA catching up to 50 period EMA. a cross would be really good
Bearish things:
1. Approaching .618 bearish retrace
2. Volume is not very convincing
3. (Not in this chart) BTC dominance dropped quite a bit and might be getting a bounce. That will hurt all the alts that were enjoying some gains against BTC. If structure breaks again, it will not hold
I started to nibble when price moved above 21 period EMA on 4 hr with tight stop loss. I will be adding more at each fib level and set trailing stop loss to protect the capital. Trade carefully out there.
Is GRT going to follow MATIC?GRT looks similar to what MATIC prior to big jump. Spike up, longish consolidation... what's next for GRT?
GRT/USD Might be ready for the bull run againThis one is reverting in the lower timeframes, I've added a small position and will add more if the reversal is confirmed
GRT/USD - potential lower targets before bull resumptionThe Inverse Head and shoulders was invalidated unfortunately. Some think this is a potential triple bottom.
From here, if Bitcoin does not decide to push upward - and instead at least goes to test the 20 week moving average - I could see another potential 35%-ish down from current price levels for GRT/USD based on Fib levels, as there is good confluence around 80 cents.
This is IF Bitcoin doesn't find support here, and continues to face a correction.
Otherwise, we should be very optimistic, as GRTUSD has already faced a nice cool off phase.
The FUTURE of The Graph (GRT)As you can see, no clear demand zone has been formed during the last BTC pull-backs on The Graph chart.
Although this token can be considered as a good long-term opportunity because of its use-case and low market capitalization, we could face a big sale in the medium term.
The Graph was promoted with pre-sales of the token at less than 5 cents. Early adopter's tokens were blocked to avoid massive sales during the bull run and to allow the possibility of integrating this technology into other interesting projects.
The massive gains it has made since that point, and the fact that it is estimated that most of these early investors will be able to sell their tokens around May, could trigger the medium-term sell-off that we warn.
Faced with this situation, we could have two scenarios, if BTC recovers its previous all-time high, it could boost the capitalization of the entire market, and after the fever of possible sales in the Graph, we could catch purchases at a good price. On the other hand, if BTC dominance continues to fall and the major Altcoins continue their bull run in the coming weeks, GRT would be left at its lows until the next season.
This is not a recommendation for you to sell, or to place short on futures, but an analysis to project purchases at the best possible price. We consider that this token could have a brilliant future in the long term.
If you want to receive daily insights like these, check our socials!
All the best, Alkaline.
GRT is at the launchpad! @SmileyTradesHello Traders!
Hopefully you are all well and have survived the recent selling pressure! Lots of setups are in action but this one on The Graph looks amazing! The Channels and Fib lining up is nice.
Key levels on the chart! Price shall do the talking here ;)
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
