GRT.USDT (Y21.P6.E1).Change in trendHi All,
Its been a while since I have used pitchfork and it seems GRT has the perfect alignment.
Now that its broken the 200% level (red zone), its confirmation of trend change.
I see the ideal entry with a pullback as per indicators suggest to my liking of testing the top of the channel of the pitchfork.
We also have alignment with a structure of ABCDE as per elliot wave structure.
The daily stoch RSI will assist in finding an entry and we have also picked our spot that makes sense.
IF both align, its a good signal to enter.
I will be using my phx indicator to see confluence as well.
All the best.
S.SAri
GRT
$GRT The Graph will FLYThe Graph $GRT
The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible.
If resistance broke 1,08/1,09 and can be support The Graph will flying. Price broke red lines idea failed.
Let me know what you think.
Dont forget to take profits. DYOR
Play the breakout on GRTOn the weekly chart we see a large pattern forming, my bias is to an upside break to continue the rally from earlier this year.
Once a weekly candle closes above this pattern expect new all time highs in weeks/months.
If prices fall out the bottom of this pattern and sets a weekly close, that would invalidate this idea.
GRTUSDT Technical Analysis⏳ Spot
💎 GRTUSDT has been making HHs and HLs in the ascending channel, It has formed a Bullish flag pattern and after the breakout and retest I expect it to go higher. It might go down to 0.8480 before it goes up.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.8730 - 0.8480
☕️ TP1 0.9444
🍺 TP2 1.0500
🍻 TP3 1.2000
🍾 TP4 1.4000
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 0.7890
Good Luck 🎲
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$GRT weekly very close to breaking out$GRT has been off my radar for most of the year since I sold the last of my trade during the February run up but it's starting to show signs of life here.
Touching the long term downtrend line on price and the RSI has (for now) broken its downtrend line as well. MACD histogram is also rising.
Firm break of the ~1.00 zone then last resistance around ~1.10 should send this bad boy back up to 1.60+
MY MINIMALIST ANALYSIS OF THE GRAPH$GRT
10.22.21 1114H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY), though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators.
Price action, candlestick /bars, and FIBS alone will be sufficient as a major deciding factor for this MINIMALIST CHART.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
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🔥 GRT Break Out Is Here! 11 Month Consolidation EndedA couple of days ago I made an analysis on GRT. Here I argued that GRT was close to breaking out from the ~11 month triangle pattern in which it has been trading.
As of today, we've finally got a strong break out! We're nearing the initial $1 target. With some luck we should reach that very soon.
I've added another line to the chart, at $1.08. I'm expecting the price to find some resistance in that area, potentially bouncing back to the triangle pattern resistance.
However, a break out is likely too, especially after a long consolidation period like this. In that case,. I'm looking for the $1.7 resistance as a second, longer-term target.
Happy trading!
GRT/USD - The Graph is lining up perfectly for a breakout! 🚀Key Support level: $0.70
Key Resistance level: $0.85; $1.24
The Graph (GRT) has consolidated in this large blue pennant since establishing its all-time high at $2.88 in February 2021. The price is reaching the end of this formation and a breakout is likely before November. Until that happens, GRT is constrained by the current support ($0.65) and resistance ($0.85) levels. The indicators are turning very bullish as well, giving confidence that a breakout is in the cards.
Technical Indicators
Volume: Volume is stable and any break above the current pennant will trigger a bull rally. If that happens on increasing volume, the breakout will be confirmed as soon as we close above the pennant with a green candle on the daily timeframe.
RSI: The RSI is curving up on almost all timeframes. This indicates a bullish price action and the price increase will only accelerate once we break away from the pennant.
MACD: The MACD on the three-day timeframe just crossed to the positive side. The last time this happened GRT doubled in price from its support line and rallied for a month (July-August). This makes a price above $1 very likely in the near future.
Bias:
Bullish. The current price action shows a clean break above the pennant is very likely which can be followed by a rally towards the next resistance level at $1.24. If the price breaks away from the pennant, it can also experience a throwback to retest the previous resistance (currently at $0.85). If that is successful the previous resistance will act as support going forward. On the other hand, a failed breakout will push GRT back towards $0.70.
Short-Term Price Prediction for GRT Price:
As soon as the breakout takes place, GRT should quickly push above $1 with the first resistance sitting at $1.24. The all-time high is still quite far away today, however, a strong rally on increasing volume after the breakout could quickly narrow the gap towards $3.