TheGraph - 500%UP? Follow unicorn!A few days back, we observed an attempted breakout that resulted in a decline in prices until now. The downtrend has persisted for over 175 days, but thankfully, we have identified a reassuring trend line with two robust supports.
Currently, there's a shift in character from a downtrend to an uptrend, as evidenced by the formation of higher pivots. Nevertheless, it's important to note that this change doesn't automatically guarantee a price increase.
+1.2 USD soon?
DYOR
GRTUSDT trade ideas
🔥 GRT Patient For Break Out: Pump Potential!After a huge pump earlier this year, GRT has largely been trading bearish and losing value. However, a break out through the dotted diagonal resistance could be the catalyst to set off another pump for this token.
Target placed at the 2023 highs, stop just below 0.12$. For a less risky trade you could take (partial) profits around 0.17$.
GRTUSDT wants the breakout?GRTUSDT is currently exhibiting a specific price pattern, with the price confined within a falling wedge on the daily timeframe. This falling wedge is formed between larger weekly structures, indicating a potential significant price move in the future.
According to Plancton's rules, the price would ideally need to create a breakout from the falling wedge pattern and subsequently retest this breakout level. This retest is crucial as it confirms the validity of the breakout and provides an opportunity for traders to enter new long positions.
Traders following this strategy would look for signs of a breakout above the upper trendline of the falling wedge, followed by a pullback to the breakout level for a retest. Upon successful retest, it could signal a favorable entry point for new long positions, anticipating a potential bullish move in the price of GRTUSDT.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
GRT - Correction not done yet
The initial target for wave C, which I posted back in March, has been reached.
But... the lack of RSI divergence (even in the 4H timeframe), and the absence of a higher high, leads me to believe we will still have another leg down.
A possible target would be the green support zone at 88.6% pullback.
GRTUSDTThe current situation of BINANCE:GRTUSDT (Graph Token) is as follows:
A few days ago, we witnessed an unsuccessful breakout that led to a price decline up to this point. There has been a downtrend lasting for more than 150 days, but fortunately, we also have a supportive trend line with two strong supports.
we have a change of character from a downtrend to an uptrend, and we can confirm this with higher pivots that have been formed. However, this doesn't necessarily imply a reason for the price to go up.
In my opinion, a price of 0.105 could be a reasonable buying price with the target of retesting the downtrend line.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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The Price Level That We Desire to Be Long GRTOKX:GRTUSDT.P
We used the manipulated price movement for the completion of the bearish harmonic pattern and we were successful.
Now we are ready to be long by using T618 and moving average support.
We have a little price action but maybe it is not enough for now, however it is all up to you with your risk management skill.
Good Luck Everyone.
GRT: Resistance BreakoutTrade setup : Trend appears to be reversing to an Uptrend. Following a bearish breakout from a Descending Triangle , price dipped as low as $0.09 but rebounded above 200-day moving average ($0.12), which could signal a trend reversal. Price could revisit $0.18.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.10, then $0.08. The nearest Resistance Zone is $0.18, then $0.23.
GRT ready for a move?Things didnt look too good for GRT for a while. But since BTC pumped we might be ready for a push up. The EMA's are not too promising. Higher timeframes also not (yet). But who knows if the trendline holds as support...
The stoch and rsi on 2hr ok. RVGI also changing. Macd turning
Higher timeframes not yet.
✴️ The Graph | Recovery Confirmed ($0.22 & $0.31 Next)Here is another Altcoin pair that is looking great based on the chart, The Graph (GRTUSDT).
Let's start backwards... The targets for this wave should be around $0.14, $0.17, $0.22, $0.31 and $0.38.
The market was in a correction which is now obviously over, as GRTUSDT is growing above EMA50, which was conquered yesterday, together with high volume and bullish indicators (RSI and MACD).
All points up.
This pair is actually really strong as the low in June hit a price 70% higher compared to the low Nov. '22, so all looks pretty good.
Patience pays.
Now that the waiting is over, we can enjoy the next bullish wave.
Namaste.