GRTUSD.P trade ideas
Looks like a bigger downward channel Since no one had posted in GRTUSD for a while, I just wanted to make a post as more of an update to what is going on! There isn't anything exciting right now, so it has been pretty quiet.
As we can see there is a bigger channel that formed after we fell from the .42 to .60 run. We recently tried to break the channel again, but without much buying pressure we fell back again! I see a little more down side before we might see any signs of reversal. Hang in tight people :)
We also see a couple of resistances right above the channel, so it might be a rough path for bulls to clear through.
GRT Cup & Handle ReversalLooks like GRT has almost completed a cup & handle reversal pattern. Only thing it has left (fingers crossed) is the reversal part. To do this it would have to break and stay above the 0.45 level.
GRT Bottom?IMO this likely the bottom. However, the descending wedge shown is only on the hourly so it is not as significant as if it was on a longer time frame. The next major resistance is the other green line above the wedge forming resistance in the downtrend. If we break that, I will be confident this is the real bottom and we will break to new highs within a few weeks. Fundamental analysis is that there are currently 723 million coins staked so really there is only about 500 million for trading. I am long for now from about 0.39 and likely into next year.
DONT WORRY , GRT is down but STILL on the road to .90 (ADD-ON)UPDATE ON GRT , SEEMS TO HAVE MADE A NEW SUPPORT ON ITS MOVE UP .
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DONT WORRY , GRT is down but STILL on the road to .90GRT still hasn't broken out of the strong support from previous charts , its still consolidating this is deffff a big buy zone , i would expect a move around xmas and new years.
in my opinion this is a MAJOR buy zone and get ready for the ROAD TO .90
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GRT Falling WedgeLooks like GRT has entered into what appears to be a falling wedge. Any breakout would have to overcome 0.42 - 0.45 level.
GRT - The Graph possible bullish casehi
Wow, congrats GRT, what a start !
Now, there are bearish cases as well of course, here I will just discuss the possible bullish case.
All the fibs on this chart is just from the first little 12345 wave up. As we see, they have played a major role.
As for Elliot wave, i can find 12345, with a possible 12345 extended wave in the wave 5. Then we can find an ABC that takes us down to the 0.50 fib of the entire big 12345 up. That has held, this is the clue for it to continue holding if we can have a short term bullish look on this one. It wasnt a deep correction, wspecially for an extended 5th wave. However it bounced on this trend line, that goes back to the first little 12345 "genesys wave" , or "its bornt wave" as Rick would have said.
There is a possible chance for it to hold this line, and somewhat stabilize before we see new moves.
There is a chance we can see the higher fibs , that can take us to around 90 cents-1.5 dollars
This is definately on my watch list, this can get huge.
*it might go lower first, to put in a lower C wave. A clean break of the trend line is my indicator of this scenario. it needs to slowly put in higher lows now next days ( or minutes, am I right GRT ? you sick beast )
As for fundamentals, I just read a little bit, it seems like a smart new project. Perhaps it can be fueled by some defi craze
Crossed support and out of the triangle formationNot only did we break triangle formation, we also broke another support line. Last hope at $.42.
GRT Bottom Diamond FormationPossible bottom diamond formation, leading to large move upward? The diamond has 2 possible shapes of a larger or smaller rear triangle. This is the larger one.
This is about to explodeAs I analyzed earlier, we are still holding the support resistance lines with a lot of consolidation now, this is ready to explode
Something major is about to happen here guys! This is so nerve wrecking!
Bigger picture?I know this looks silly and really hopeful on my part (personal bias) maybe, but could this be the bigger picture?
Please let me know how you guys feel in the comments!
Could the breakout of this triangle lead to something big?
The reason I am this hopeful is because I believe in this coin. It is unlocking something major for all the developers in the crypto community and has a very high adaptability.
GRT is still on the road to .90 ( Correction )just a update on the road to .90 .... If you notice i added a correction ray to the diagonal support
GRT is defff still following the trend , staying in the correct areas . still haven't broke the uptrend
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New lineNote this my view not financial advice. After breakout at the previous line, a new decisive line appears to be forming. Let's see!
This cant get any better, with reward ratio of 1:4We are working with two Bullish Wolfewave inside Hourly charts. One of them already triggered and has a target near 0.90-1.20. The recent one "YET" to trigger above 0.55 is a short one that will help the bigger one fuel the ride and ends at 0.75
Stop is 0.40 for both of them, trade with your risk capacity. I am 200k long near average 0.46 so I am green already
Another downtrend setup After breaking the $.51, it seems like we are in another downtrend setup in GRTUSD chart.
Looking forward to the next major supports at $.47 or $.42 or else we could see more downward movement.
Update on GRT , ROAD TO .90Hey guys i've been posting a lot of GRT lately , but that's because i have started to really like The Graph entirely. The more research i do , i am seeing that this company and token is deffff on the rise. Plus it has followed trends from the very beginning. Its a very stable company , & very stable Crypto.
i want to say thanks for all the feedback so far , it is very appreciated . PLEASE FEEL FREE TO LIKE AND/OR COMMENT
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GRT Uptrend UpdateLooks like it broke down below ~0.53 support and “bounced” off the lower trend line. If it falls through, next levels are much lower, potential of turning into downtrend again.
