Idea on GRT breaking down-trend. Opinion:
Downtrend could be breached and a TP for risk-reward seems appropriate. TP1 looks attractive.
This is not intended or made to constitute any financial advice.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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GRT
Graph Protocol Relief RallyNear-term long positions are attractive, with reassessment necessary as inflation reporting in April approaches. Bullish continuation will be more risky in the days leading up to CPI/PPI reporting.
Following Bitcoin and the broader markets, GRT will realize near-term bullish support as the markets have shrugged of the Fed's 25 bps rate hike.
GRT will flip 20 EMA into support, then push through 100 EMA... ultimately testing 200 EMA until next round of economic reporting.
Sharply rising prices are elected to continue as there's been no substantive change to monetary policy, QE continues, corporations continue elevated pace of stock buybacks.
Inflation results for March (CPI & PPI) will be published by BLS on 4/12 & 4/13 with high likelihood of further increases from the lagging reporting.
April reports will be a pivotal as the FOMC will not meet until early May with the April inflation results published a week after the Fed meeting.
Current expectation is shockingly higher inflation with the Fed's hand being forced, either accept persistent inflation and risk a wage-price spiral or adjust approach with more hawkish action and less reliance on hollow words.
Maintaining status quo until midterm elections is likely to become untenable, recession risk is increasing.
GRT BOMB ABOUT TO BLOW UP!!!GRT is currently battling a truck load of resistances: 50 and 100 MAs, the descending trendline and the Horizontal level.
You know what to do if these resistances give way. Targets are on the chart.
Remember that this is not in any way a financial advise. DYOR and manage your risk properly.
Best of luck from Commodore!
Small Cap alt coins trending, GRTGRT is currently showing strong signs of an uptrend where DMI and MACD are showing an positive trend and the RSI is showing signs of steam ahead.
Something to note is that this chart is dependent on the Bitcoin chart and if there is strong negative momentum in the Bitcoin chart may this change the berhaviour of the GRT chart.
There is an distinct bottom placed at 0.3503.
Entry slightly under the market price at around 0.39.
Stop loss roughly 5% under entry at 0.38 to 0.385 range.
GRT AT BOTTOM???This is very risky trade but risk to reward is very small.
So enter at about 0.3195
sl 0.3139
tp1 0.48
tp2 0.65
Reason behind this trade is break ofs trucutre on 4h timeframe and grt is currently in weekly demand zone that caused pump of 2.8
This is risky trade because of btc movement also but we will see. Risk is only about 1 % (times your leverage you use) and possible profit is 60%
Giving out 1:60 rr
This tread depnds only on btc movement.
GRT LOWEST PRICE IN NEXT FEW MONTHS???Grt is by my opinion one of most bullish coins.
Here is why:
GRT is currently in weekly demand zone which reaction broke structure on 1day timeframe.
Also GRT is in demand zone from 1d and 4h from all break of structures.
You can go for few months long investment till 2.8 usd ( which I think is reachable) or go for swing trade and tp at 0.7 or 0.6
Remember do not use high leverage, everything above 5x is too much and not needed since even profit without it is so big.
ALL BUYS IN THIS DEMAND ZONE AS LONG TERM ARE GOOD BUYS.
For swing trade its your choice to choose from which point of demand zone you want to enter. This chart is similar to btc chart which makes this even better and safer trade
SL should be below both demand zones
$GRT ready to fly $GRT one of the best ALT :
As per the chart :
We have a strong resistance level at 0.7742 as a daily resistance which should be broken so that we can see a new ATH for GRT however , it should not be traded under 0.3172 the golden support level; I can see that GRT can do the same like the greatest explosion on 31 Jan 2021 once GRT jumped from 0.7742 , it reached to 2.8$ (ATH)
It is not a financial advise
GRTGRT - Overall Pattern is an ABC in which Wave B, which is a 3 wave structure is currently ending. Whether we will extend this correction will happen after we reach our target so reaching the target area is a sure shot.
Total trade has a potential of 4x. Stop loss mentioned. Currently in wave 4 of Wave c of overall Wave B. We should see trend moving a little higher after which we should see a downtrend towards our target.
GRT - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Right Chart
GRT is overall bearish however, it is approaching a strong demand zone in green so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
GRT is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated , GRT can still trade lower inside the demand zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich