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GRTUSD trade ideas

GRT Price Prediction: Weekly Chart Hints at Potential Bull RunThis analysis revisits the weekly GRT/USD chart, highlighting a technical pattern suggesting a possible strengthening of the GRT token against the US Dollar (USD). Inverse Head and Shoulders Pattern: The GRT/USD chart appears to be forming an inverse head and shoulders pattern, which is a bullish pattern in technical analysis. This pattern suggests a potential trend reversal from a downtrend to an uptrend. Target and Timeframe: If the pattern plays out, the completion of the inverse head and shoulders could see GRT/USD reach a target price of around $0.97. Weekly charts are used for long-term analysis, so this target, if reached, might take weeks or even months to materialize. Confirmation and Breakout: The neckline of the inverse head and shoulders pattern acts as a key support level. A confirmed breakout above this level would strengthen the bullish case. Looking for Confirmation: While the inverse head and shoulders pattern suggests a potential uptrend, confirmation is always preferred. This could include: Increased trading volume on a confirmed breakout above the neckline. Supportive signals from other technical indicators on the weekly timeframe.
COINBASE:GRTUSDLong
by ParabolicP
4
GRT The Graph $Grt #Grt The Graph is a great project that not only survived the bear but also has continued to build during the bear as well as create more real-world partnerships and use cases. Just 2 months ago in the start of March it hit $0.50 (50cents) and has since then suffered from a dramatic 60% correction that IMO was somewhat over done but i was grateful for another shot at buying lower to later sell higher. We have already had a nice bounce over the last couple weeks and i gain trimmed my position for profits/gains. If BTC continues to see some more downward pressure this week we may also see some more downside again and go back and test the lows. I'm personally already nibbling at this range and will continue to DCA all the way down and create a new larger bag again and take what the market gives me with intentions of selling in the next MAJOR pump we get and or true alts season if and when it comes. I would be buying like CRAZY if we get enough drama to give us that lower range in the 13-16 cents areas. In will be buying in a semi aggressive manner if we come back for a retest of this 20cents range, but I'm not quite sure we get that hence why I began nibbling here. Regardless I'm up on the play fir the cycle and can afford to take some risk with it overall. In the bigger picture i think it's one of the better plays to get into a situation where you end up holding it longer term and or if you wanted to only buy projects that you can set it and forget it. I think they will continue to do well in this cycle as well as make it through the next bear and be fine in the following cycle.
COINBASE:GRTUSD
by rarebreed29
GRT 2-day chart analysis🐂🐻GRT 2-day chart analysis Price is above the possible bottom POC at 0.10 and trying to get above the next higher POC at 0.16 bullish scenario🐂 break this resistance and use lack of volume for quick move to FIB 50% at 0.40 bearish scenario🐻 see a fakeout and lose important support at 0.10 How is your day so far dear Crypto Nation?😎 Comments💭, Likes♥️ & Follow🔗appreciated Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:GRTUSDLong
by Crypto4Everybody
1
GRT Targets $0.50: Breakout Signals Bull Run AheadFibonacci Level Breakout: GRT breaks above the 23.60% Fibonacci level at $0.30, signaling bullish momentum. Price Jump Potential: The uptrend continuation could lead to a significant price jump to $0.50. Trend Reversal and Long-Term Outlook: A trend reversal points towards a sustained uptrend in 2024, with potential to reach $1. Bullish Market Support: Supported by the 50-week EMA, GRT's bullish reversal gains pace amidst a broader bull market. Market Cap and Ranking: GRT stands at #42 among top coins with a $3 billion market cap. Breakout and Bull Run Indication: The breakout above significant Fibonacci levels and the dynamic 50-week EMA hints at an upcoming bull run. Current Trading Price: Trading at $0.3200 with a recent pullback from a 16% overnight hike. Volume Increase and Demand: A 20% rise in trading volume supports the bullish trend. Technical Indicator Outlook: The weekly RSI entering overbought territory underscores the strength of the uptrend.
COINBASE:GRTUSDLong
by Coinpedia-Market-Insight
2
GRT's price challenges $0.30 mark, Eyes $0.50Rising from 50-week EMA: GRT's price is challenging the $0.30 mark, signaling strong bullish momentum as it moves away from the 50-week EMA. 23.60% Fibonacci Level Breakout: The breakout at this Fibonacci level in the weekly chart suggests an uptrend continuation, potentially enhancing the bullish momentum. Potential to Reach $0.50: The current breakout rally indicates a possible rise towards the $0.50 psychological mark, presenting a significant upside potential. Sharp Increase in Trading Volume: A 78% jump in trading volume over the last 20 days supports the bullish sentiment and the ongoing trend reversal in GRT. Critical Resistance at $0.50: Despite optimistic market conditions, the $0.50 level represents a significant barrier, challenging the continuation of GRT's bull run. Weekly Reversal Indicating a Bull Run: The formation of three consecutive bullish weekly candles after retesting the 50-week EMA underscores a strong reversal and a bullish outlook. Intraday Pullback: A slight intraday pullback of 2.41% follows a significant 12.78% jump, suggesting a normal market correction within a broader bullish trend. Discount from All-Time High: GRT trades at a substantial discount from its all-time high, highlighting a potential value buy opportunity for long-term investors. Technical Indicators Favor Bulls: The DMI indicator's rising ADX line and the positive alignment of the VI lines signal increasing bullish momentum.
COINBASE:GRTUSD
by Coinpedia-Market-Insight
1
GRTUSD: Making real good progressGRTs constant lower low making days are at least temporarily over. Last year Oct GRT put in a first higher low since 2021 and this month price has created a fresh higher high. Elliott wave perspective, price has made a 5 wave up wave 1 and 3 waves correction wave 2, followed by a very strong 5 waves lower degree wave 1 (might still have some energy left to it). We should see a smaller 3 waves wave 2 and then very strong wave 3 of 3. Given this should be the first primary degree wave 1, the minor degree wave 3 should be the strongest wave in this cycle. It should be at minimum 1.618 extension of intermediate degree wave 1, and could go up to 3.618 extension (we have seen that for BTC and ETH). So, good times should be ahead. The bear case is not fully negated yet. If the bear market is still alive, then price should fail at or below 1.618 extension at $0.87 and go below $0.22. That would mean this bull run is just a B wave move which will be followed by a devastating C wave that can take price below $0.01. Right now let's not think about it too much.
COINBASE:GRTUSDLong
by mukit1
GRT Price Analysis: Rally Targets $0.25 MarkBullish Comeback: GRT price exhibits a strong recovery, reclaiming the critical support trendline in the daily chart. Current Target: Approaching the $0.20 level, indicating potential for a sustained uptrend. Potential Upside: A successful move above $0.20 could see GRT challenge the $0.25 resistance. Market Sentiment: Improved market conditions aid GRT's recovery efforts. Chart Patterns: Formation of a triple white soldier pattern suggests continued bullish momentum. Trading Volume: High trading volumes persist from 2023, bolstering the current price trend. Technical Indicators: RSI: Indicates a gradual reversal towards bullish territory. MACD: Preparing for a potential bullish crossover, signaling trend reversal. Price Movement: GRT trades around $0.1898, with recent gains hinting at a possible Doji candle formation. Support and Resistance: Key support at $0.15 and overhead resistance at $0.20. Market Context: GRT's recovery aligns with overall market upswing, enhancing prospects of a rally. Upside Potential: GRT could break past $0.20, eyeing a 25% move towards $0.25. Bearish Scenario: If GRT falls below $0.1753, a drop to $0.15 could be on the cards.
COINBASE:GRTUSDLong
by Coinpedia-Market-Insight