GRTUSD.P trade ideas
GRT NEW SUPPORT LEVELHI GUYS!
Congrats to everyone who took their profits out at $1. I know you been patiently waiting for that moment. looks like we do have a strong support at $.86 - $.87. What is your next prediction for GRT?
The Graph TokenHello Traders,
The GRT is showing a lot of potential upside. We already seen an initial push to the upside upon release on Coinbase. We then had a period of accumulation forming the cup. The handle has already finished forming as well. We also have a W shape forming currently. The break of the cup head will push this token to $1.15 as the profit target. With this setup CUP and HANDLE. You will typically see that 80-90% of the time it reaches the 1 to 1 measure move of the cup (take profit area) and then reverses back to retest the top of the cup before moving higher. The new accumulation phase will take longer before a push above all time high will happen.
If you also look at GRT/ETH pair, you will see that GRT will out perform ETH by 70-80% at current price. Meaning it is better to hold GRT over Ethereum for this next month.
Let me know what you think.
Thoughts .... GRTUSD ?At 0.425 i shared here that GRTUSD to be trading above a dollar..
Its has reached 0.95 :)
So what you guys think about? where it will be heading ? :)
i also shared about NUUSD momentum and its much higher aswell :)
look my previous ideas shared here
your like and support will motivate me to keep sharing :)
Happy Trading :)
GRT: Buckle Up!GRT is breakout out of the correction from earlier this week. Put your astronaut suits on. We're going to the moon.
GRT A cup 'n handle to go with your price discoveryObvious cup and handle to break into new ATH and price discovery for GRT. This is clearly an Elliott Wave 3. I posted a $1.95 target for the third wave, but I'm beginning to think that's too conservative as GRT has such strong momentum. That was the 2.618 Fibo extension. Let's move that up to the 4.618 extension at $3.38. Of course, there will be pullbacks along the way, but GRT is doing what GRT does.
$GRT Technical Analysis (BULLISH)What's up everybody! Thanks for taking the time to check out my detailed analysis of The Graph's $GRT! This is only my 3rd published Idea, but likely my most technical so let's get right into it! TL;DR at the bottom!
It's looking like $GRT might be gearing up for another run towards the highly sought after level of $1 or more! Before this happens though, there are a few things that I personally would like to see that would give the next leg up a little more power...
1) RSI - 4H chart: The RSI gradually finding support between the 55-45 range. This would indicate a healthy, prolonged consolidation period and more room to rock back up to 80.
2) MACD - 4H chart: The MACD gradually forming another bullish cross between 0.024-0.01 would indicating a new upward trend beginning.
3) Maintaining Support: The bottom of the recent bullish pennant must hold as support. If it fails to do so, we will likely see a retrace the the mid-level or lower-level of the macro broadening ascending wedge.
Using Fibonacci Extensions, I created Fib cluster ranges for the 61.8%, 78.6%, and 100% extension levels. For you swing traders, these can be used as Take Profit/reversal ranges that we will likely hit on the next run up.
Coincidentally, when the $0.27 correction at the beginning of the ascending wedge is applied the average close price of the most recent pennant, a $0.27 rally would take us to $1.08... right in the middle of the extension clusters!
TL;DR
RSI and MACD could fall a little further before the next run. 55-45 and 0.024-0.010 respectively would be ideal IMO.
Fib extension clusters point to $1+ soon.
I will be taking profit in the middle of these clusters at $1.08
Feel free to comment your opinion, and give this a thumbs up if you found it useful!
*This is NOT trading advice. I am NOT a financial advisor. What is shown and said in this analysis is purely speculation. Remember to trade with a stop-loss and DYOR!*
GRT | Cup & Handle Formation Play OutI had anticipated a broadening descending wedge formation playing out, until aggressive buyers breached this trend-line much earlier than expected. However, the price has and continues to be rejected at the completed cup rim, which is very common in this formation.
Dropping volumes, a red hot daily RSI along with other technical’s still lead me to believe that the handle has not played out fully yet. I anticipate a slight down trend leading to the forming of the handle on the 4hr+ time frames, where I will look to make some entries around the $0.66 - $0.70. These entries will be appetisers, as until the breakout confirmation; by way of a decisive breach and daily close above the upper resistance trend-line happens, I will remain unconvinced about the $1 breach just yet.
The drop to my target price area in the descending channel will also gain further price traction for a stronger push and close over the $1.
BTC price action should also be referenced for market conditions and volatility.
This is crypto and we are in a bullish cycle, so anything can happen, but key fundamentals and technical’s should be observed before selling your family and going all in.
Let me know your thoughts and drop some feedback.
The Ten Day Shit Good morning to every one! We all are in a support level between the .899 and .687. If we shit by the 8th , we can see .48 by noon on February 11th. However, through out this descending wedge pattern, we can see a profit of chances of gains of 30% if you put buy in properly in time. After these period of 7 days there is slight chance we can be “walking the dog” for 3 days or more.
Are we ready for $1 ?RSI LOOKS GOOD
MACD LOOKS GOOD
ICHIMOKU LOOKS GOOD
MA LOOKS GOOD
what is it going to do?
GRT has fundamental potentialmost people are over-sized #DeFi and undersized utilities;
• $GRT, the crypto indexer; i.e. google search engine of #Crypto;
• token unlock upcoming only in March so this still has time to run;
• $1 take-profit; with potential for price discovery.
CUP AND HANDLE M15Looks like it could also be forming a cup and handle pattern on the m15 timeframe.
GRT CUP AND HANDLEGRT forming a cup and handle pattern. We should soon see massive move on the upside.
Technical Analysis & Predictions 2/3/21*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
GRT: Correction Trend *UPDATE* | Climbing to $1 and Beyond!Hey everyone,
Just a quick update on GRT's current trend. After our massive climb to $.88 from this past weekend, we are currently in a correction phase. Support is still strong above $.73 for now. If we break below support, then expect price to drop in the mid to high $.60's range. For now, as the price squeezes further into the triangle we should be close to a breakout. I expect to see some action later this week.
*** NOTHING IS GUARANTEED. IDEAS ARE BASED ON PROBABILITY ***
*** NOT FINANCIAL ADVICE ***
GRTPhase 1 “Accumulation” almost complete
Waiting for Phase 2 “Bull Phase” 😎 ... then phase 3 “Distribution,” where is time to sell and make some profit, and finally phase 4 “Bear Phase”
Silence23
GRT UPDATEHI everyone!
Hope everyone is doing great. Grt looks bearish at the moment. I believe, with the given data we do have a nice support at $.65 - $.60 but that doesnt mean that it cant go any lower than that. If everything goes according to what we plan im expecting a pull back to $.65 then quick bounce to $.77. so far thats all i have. once we get more data i will share it. please leave your comments, i would like to hear everyones plan and point of entry
Thank you
Happy trading
Burak
GRT Short Term Descending Broadening Wedge [Bullish]What’s up fellow traders! I hope you are all well and enjoying the GRT ride so far?!
I just wanted to share a few things I have observed recently and what I am looking for from GRT over the next week. As you know GRT has been a really exciting market to trade in both BTC/GRT and GRT/USD-EUR-GBP and I am super positive for the future on this project.
I know that everyone is very excited for the $1+ move, as am I and it’s going to happen soon. However, although I am seeing some potential bull flags, my attention have been drawn to the sexy Descending Broadening Wedges that GRT has been printing since its launch in December. These are incredibly bullish, as the price on GRT has demonstrated and are some of my personal favourite patterns to observe following a market hitting an ATH or local highs; especially as the vast majority of Descending Broadening Wedges end with a bullish exit.
The first two Descending Broadening Wedges I have drawn are validated by the price touching resistance and support lines 2-3 times within the wedge. The oscillation of the pattern then tightens towards the end of the broadening wedge, drops out of the bottom of the Bollinger Band's, just at the point where sellers & shorter's lose control of the market and buyers take over.
What is particularly interesting to me within these Wedge patterns is that the RSI is cooking white hot at the previous local highs and the recently printed ATH (obvious I know, but 'Bear' with me - excuse the pun!) however the bounce to new local highs has been made after the RSI cools down to <40.00; ideally around 35.00 or less.
I fully appreciate the euphoria and enthusiasm of the recent ATH and calls for $1 (which will happen), especially in the excitement of this bullish cycle and the strong fundamentals of this project. However, I believe that it’s too obvious of a move at present and until the RSI cools off to <35.00 and the Descending Broadening Wedge plays out then $1 will not happen just yet. Sellers are hard shorting GRT at the moment below 0.85 and I can see why.
Another point of interest is the falling volumes, which whilst not always a huge problem, can have a serious impact whilst prices are trying to rise.
So what am I doing about it......
Buying now is not a weak or poor trade as $1 will happen, however much greater profits can be yielded, by looking for better prices further down the broadening wedge. I would usually use some Fib channels to present entry points for longs, but I don’t like using them on short time frames and new markets. However..........
.............. my current position is that I have laddered many buy orders from $0.70 down to $0.60 to add to my bags and I will be looking for a very strong bounce when the RSI cools off and there is a drop in price and exit at of the bottom of the Bollinger Bands. Then I will be looking for a very strong rise to new ATH's; near or above $1, whereby I will provide further analysis.
Will all my buy orders get filled? Probably not, but I do expect a local bottom around $0.66 - $0.65 and have put extra buy orders in lower just in case the Broadening Wedge fully plays out or BTC has a diva moment.
Of course this is the crypto world and anything can happen, so if a breakout (up or down) occurs out of the Descending Broadening Wedge, then my analysis is invalidated and you can all laugh and point at me. ETH is mooning (and may dump hard too after), so that might have an unpredicted effect, plus this world is off the charts mental in general !!
This not financial advice, so please take this with a pinch of Colombia’s finest white export that you buy on the dark web with your naughty Monero.
If you have made it this far, I thank you sincerely for the dedication and love and if you message me your 'Kriegerrand' wallet address I will drop you a few coins :-)
Happy trading and stay safe.
GRT Who else see here forming a symmetrical triangle?
Comment below what you think 💣 $1. Coming soon! In 1 day or 2
