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GRT / UST

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GRTUST trade ideas

GRT: Channel Up BreakoutTrade setup : Price remains in an Uptrend, however, following a bearish breakout from < a Channel Up pattern and below $0.175 support, price could correct further and pull back to $0.15 support next. Pattern : Price was trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.175, which it broke, then $0.150. The nearest Resistance Zone is $0.230.
Long
by altFINS
1
GRT had a Good Run |🚀👀 What's Next for GRT?💎 Paradisers, gear up for an intriguing trading opportunity with GRTUSDT. It's currently in a phase of noteworthy activity within the demand zone, signaling a potential pivot to an upward trajectory. 💎 TheGraph has been consistently following a descending channel pattern. Recently, it has broken above this pattern, leading us to expect a surge towards a resistance level, then a quick pullback, in line with its established pattern. 💎There's a high probability of a bullish turn initiating from the support level at approximately $0.1227. Having successfully broken out of the descending channel upwards, GRT is now likely to target resistance levels around $0.23. 💎 Timing is crucial for savvy Paradisers. Pinpointing the most advantageous entry points during this rise is essential. Exercise caution and avoid buying at the peak of the movement. 💎Additionally, be mindful of the potential for GRT to drop below the $0.1150 support level. A breach below this pivotal point could cast doubt on the longevity of the upward trend.
Long
by MyCryptoParadise_Simon