GRTUSDT trade ideas
🔥 GRT Double Bounce: Back To All Time Highs?In this signal I'm going to combine two important reversals:
- The daily RSI on GRT has hit oversold for the first time since September 2023. Daily oversold RSI's are amazing buying opportunities during bull-markets.
- The price retested the bear-market highs of ~0.23 from back in January 2023 as support.
This might be the final bearish move in the next few months, hence the target at the current ATH. Be aware this is a long-term trade and might take months to play out.
GRT/USDT is need breakout the resistance to continue upward!💎 Paradisers, the recent market dynamics surrounding #GRT have been noteworthy.
💎 GRT is demonstrating significant bouncing from the support area around $0.22, coinciding with a golden cross on the MACD indicator, signaling bullish momentum for the price.
💎 Currently, the price is facing resistance at the $0.33 area, which aligns with both a horizontal resistance level and the resistance trendline of a descending channel.
💎 For GRT to continue its upward movement, it needs to successfully break out above the resistance level and the pattern. A breakout above $0.33 would not only indicate a bullish reversal but also pave the way for further upward movement, potentially backtesting the supply zone area.
💎 However, if GRT fails to break out above the resistance area and experiences a bearish rejection, it may retreat to the support area to gather new momentum for another attempt at breaking out.
💎 Upon revisiting the support area, there's potential for a bounce, but if GRT fails to bounce and breaks down below the support zone, the next likely destination is the demand area around $0.185. Here, a successful reclaiming of price above the support could lead to a significant upward movement.
💎 Conversely, if GRT fails to find support at the demand zone and breaks down below it, it would invalidate the bullish scenario, signaling further downward movement.
MyCryptoParadise
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$GRT Best Project Of 2024-2025 CryptoPositioned at a critic resistance at level 0.3250 we are faced with 2 scenarios. With a great project GRT cached my eye 1 year ago. My opinion is this coin will be one of the best in the next bull market.
-One where we see a breakout of this level and direct upward moves from GRT.
-One where we see a downwards move to the support level between 0.2330 and 0.2000 followed with the upward move where if a bull market happens we see GRT passing its ATH level of 2.9 dollars.
Both of this positions is LONG and needs patience to profit.
Stay spot, stay safe.
The Graph - GRT a simple fact - Bull Flag Forming! Based on this chart, it appears that GRT has developed a bullish flag pattern after breaking out of these bands. The price is currently retesting the upper band while forming a bullish flag and maintaining its overall bullish structure. This setup suggests that it is poised to continue upward and potentially reach its all-time high (ATH)
GRT/USDT bullish turnaround from demand? 👀 🚀GRT analysis💎 Paradisers, direct your attention to #GRTUSDT for an intriguing trading opportunity that hints at a potential bullish surge emerging from a key demand level.
💎 Over recent times, #GRT has consistently adhered to a descending channel pattern. As the price approaches the demand level, maintaining momentum here could significantly enhance the chances of a bullish ascent, aiming to overcome the formidable overhead supply zone.
💎 Should the momentum for JSE:GRT begin to waver, we stand ready to seek a vigorous rebound from the crucial support level just before the demand zone, currently situated at $0.2110.
💎 However, a breach below the critical demand level of $0.2110 would necessitate an in-depth reassessment of our trading approach. Such a development would signal challenges in sustaining bullish momentum, prompting strategic adjustments to align with the evolving market landscape.
MyCryptoParadise
iFeel the success🌴
GRT/USDT - Descending Triangle Pattern - LONG TradeBINANCE:GRTUSDT (4H CHART) Technical Analysis Update
GRT is currently trading at $0.3942 and showing overall bullish sentiment.
Currently the price has formed a nice descending triangle. Price has successfully broken out from the descending triangle and now the price is retesting. This is a good opportunity for a long trade with decent RR.
Entry level: $ 0.3972 (after retracement)
Stop Loss Level: $ 0.3491
TakeProfit 1: $ 0.4211
TakeProfit 2: $ 0.451
TakeProfit 3: $ 0.4959
Max Leverage: 5-10x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
Attention to the next stepFrom the chart, I see that it has executed three corrective waves, and currently the last slight sideways rise is underway and the strong decline begins again.. All the data is on the chart. Good luck.
In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.