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GRT

🌧️ GRT Breakout Of Descending WedgeGRT recently broke out of a descending wedge pattern, and currently its price is stabilizing around the $1.76 level. There is high selling volume from >=$1.81, so expect GRT to accumulate around there for a while before breaking higher. Of course, we cannot discount the possibility of another retracement back down, so remember to set your stop losses based on ATR and the next lowest wick one Fibonacci level below. For April, GRT will have subgraphs coming to the main net, which could be a bullish news. Together with the breakout of the descending wedge, we can expect good news for GRT in the coming weeks.
Long
by RainyTrader
GRT: Alternating corrective waves 2 and 4. Wave 5 up startingOne of the guidelines for waves 2 and 4 of Elliott Waves is that they are often alternating in form. If one is sharp, the other is often flat. You can can see wave 2 for GRT was a sharp zigzag. Wave 4 has been flat and lasted longer than I expected. The consolidation looks to be over with an impulse wave to kick off wave 5. The crypto market looks healthy with altcoin leader ETH recently breaking resistance. Buckle up!
COINBASE:GRTUSDLong
by asodaforbabyyoda
4
GRT wants to moon!GRT has been rallying tremendously since its launch in Dec 2020 and has been consolidating since its ATH on Feb 12. The correction and consolidation has been ongoing for almost 2 (!) months now and since GRT shows these bullish signs: - MACD cross - MA cross - Just set lowest low on RSI (similar to DOT before its recent run-up) - Cup and handle with neckline in the golden pocket and (still early) seems like a solid bounce from the neckline! Other factors to take in mind: - trending on Coingecko - immensely popular with retail, especially in the USA; with holidays this weekend, I expect the popular coins to surge - did I say alt season? alt season! Short term target (next 3 - 7 days): +30% Mid term target (by mid June): +90% I expect GRT to outperform BTC in the coming weeks / months, ofcourse; its alt season. :) Check the links below for more alt coins with huge potential, happy days! Long term: Given its use case will be increasingly important in the new blockchain based economy, I see huge potential long term for GRT. But of course you dont care because we are all here for the short term gains; so trade the breakout, if you agree, good luck! IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Long
by cryptobullethbtcxlm
5