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GRTUSD Perpetual Swap ContractGRTUSD Perpetual Swap ContractGRTUSD Perpetual Swap Contract

GRTUSD Perpetual Swap Contract

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GRTUSD.P trade ideas

Will GRT prices break below this triangle and $0.10?GRT coin price falls 5.38% in the last three days, breaking crucial support at $0.1128. Triangle pattern support trendline provides some relief to the downtrend. Intraday fall of 0.94% hints at a potential bearish breakdown of the triangle pattern. Unable to stay above the 61.80% Fibonacci level at $0.1128, GRT faces strong selling pressure and multiple bearish candles. Falling prices and increased trading volume signal a possible bearish breakout. RSI and MACD indicators show solid bearish signals, with RSI falling below the midline and MACD entering negative territory with growing bearish histograms. Breakdown rally could lead to a 14.5% plunge, with next support at $0.086 (78.6% Fibonacci level). Bullish dominance could end at the psychological mark of $0.10. If GRT buyers hold off selling at $0.086, a bullish reversal may challenge the $0.1128 overhead resistance.
COINBASE:GRTUSD
by Coinpedia-Market-Insight
GRT Prices Ready To Outgrow The Triangle, Aims at $0.20 GRT price action has formed a triangle pattern, suggesting a possible breakout in the near future. The triangle breakout could propel GRT prices toward the $0.20 mark, a significant psychological level. Following a 288% recovery in early 2023, GRT prices failed to breach the $0.20 threshold, leading to a decline. Despite the declining trend, prices found consistent support at the $0.10 level. Current GRT prices hover around $0.1101, finding support at the 38.20% Fibonacci level. The trend nears the triangle tip, indicating a likely breakout. Volume has been decreasing, which may indicate a potential price bounceback. The RSI line is following a declining trend and is currently beneath the halfway mark, suggesting a bearish sentiment. Despite a 1.61% drop in the last 24 hours, if prices manage to hold above the $0.115 support level, a bullish breakout may occur. This could take GRT prices above the $0.15 level, near the 61.8% Fibonacci level, and possibly up to $0.20. Conversely, if a downward breakout happens, GRT prices could fall by 20%, potentially testing the 23.60% Fibonacci level at the $0.0886 mark.
COINBASE:GRTUSDLong
by Coinpedia-Market-Insight
GTRUSD: Attempting a huge bullish breakoutGTRUSD hit the top of the 5 month Channel Down, crossing over both the 1D MA50 and 1D MA200. This strong push is turning the 1D technicals overbought (RSI = 69.283, MACD = 0.001, ADX = 31.945) but such conditions don't call for the traditional short. Instead this is usually the buy entry conditions that usually emerge when cryptos break above long term bearish structures. Consequently, if the 1D candle closes over the top of the Channel Down, we will buy and aim for a parabolic rally near the 1.382 Fibonacci level (TP = 0.30000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:GRTUSDLong
by InvestingScope
4
RSI Spikes an correlating market structure.When using .768 and .236 for the upper and lower RS] bands, and then drawing a rectangle around all correlated candles, you can see how clearly the market reacts to these areas of interests in high value. When, combined with the three primary market sessions drawn as an indicator based on Jerusalem time zone, it is clear to see how to exploit this and time your entries and exits with a moderately higher chance of accuracy than without or with traditional Fibonacci levels. I will often draw a candle around the first 15 minutes of market price in the day based on Jerusalem the timezone, (not showing on chart) thusly, giving a very accurate area of interest and high value as well.
COINBASE:GRTUSD
by BTFDHODL83
RSI Spikes an correlating market structure.When using .768 and .236 for the upper and lower RSI bands, and then drawing a rectangle around all correlated candles, you can see how clearly the market reacts to these areas of interests in high value. When, combined with the three primary market sessions drawn as an indicator based on Jerusalem time zone, it is clear to see how to exploit this and time your entries and exits with a moderately higher chance of accuracy than without or with traditional Fibonacci levels. I will often draw a candle around the first 15 minutes of market price in the day based on Jerusalem the timezone, (not showing on chart) thusly, giving a very accurate area of interest and high value as well.
COINBASE:GRTUSD
by BTFDHODL83
GRT Triangle bigger than originally thought.After several candle close outside of the original yellow triangle, it is clear that the more valid triangle is now this bigger tan triangle. We can see the top trendline of the tan triangles trajectory angle also matches the angle of the purple descending channels as well for added confluence. While that means we haven’t yet actually broken up out of the triangle just yet, the good news is when we do the breakout target will be higher than original expected. I arbitrarily placed the breakout measured move target line here for a rough estimate. opefully it breaks out of the triangle somewhere close to this region. *not financial advice*
COINBASE:GRTUSD
by DrDovetail