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GRT

GRT Critical zone: about to go crazy either for good or for bad I've been doing TA for months before sharing my first idea so I believe I've a tiny bit of knowledge to share. Anyway take this information with a pinch of salt and do your own research. Long scenario: We can see a falling wedge pattern about to breakout in the daily chart. For this to happen we need to keep the $1.3 support so I would put a stop loss at around $1.17. Short scenario: If we lose this support we can expect a breakdown to $0.80 (-38%). The 50 period daily EMA suggest that we could continue going down, specially if the support breaks. Entry for long: March 26th we saw a good retest of this support although with a good volume. We can enter the trade right now that the support has been retested and there is a good buy volume accumulated since February 7th if we compare it to the sell volume. We can see that March 9th and 20th the buy volume crossed the volume average which suggest a breakout is about to come. The other option would be to wait a retest of a breakout of the wedge, wich is safer but with a lower RR ratio. Onchain metrics: As we can see in coinmarketcap's analysis tab (intotheblock website) (sorry I don't have enough reputation to post links) whales have the 96% of the total GRT which supports my accumulation of volume theory and the GRT network is growing nicely (4.27%). Other indicators are not-so good but overall the onchain metrics suggest that GRT is mostly bullish. Exit for long: The first take profit zone would be at around $1.9 and the final target would be at $2.38. Disclaimer: This is not financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice and invest at your own risk. BINANCE:GRTUSDT
Long
by flait
25
GRT Looking great keeping an eye for key daily close!The graph is showing lots of life the past couple days and currently is looking great sitting in the 0.3 FIB level. Im looking for a very key daily close in aprx. 1 hour from now above the 0.3 we are currently at. In my mind this shows lots of strength and momentum to keep going up.The stoch RSI and the RSI are both looking great pointing up and the MACD is actually showing some real signs off flipping to bullish! GRT has been among the top market leaders the past couple days and i think we definitely can keep it up. Remember if BTC keeps showing some strength and heading up almost all the market will aswell. NFA just my opinion!
COINBASE:GRTUSDLong
by JacobR905
3
The Graph [GRT] support & directionHi everyone, Looking at the 4H timeframe, after a strong bearish move when hitting its ATH $2.88 in Mid. February, GRT seems to found support at its 0.618 Fib. retracement (~$1.25). In case we can hold the grey trend line as support, other important levels can be tested as highlighted in the chart. As these corrections are normal market cycles, I am still bullish on The Graph in the long run! Strong fundamentals: > Migration path to Mainnet starting in April 2021 > Team expansion > Integration Clover Finance In case we fall below the lower grey trendline that acts as support, above set-up will be invald 🌜 Please like and leave a comment 🌜 This is not financial advice
Long
by M00N_BEAMS
2
Crucial Level For GRT to hold!GRT has been dumping for awhile now but i do believe some of this is due to market conditions as of right now, we are looking to hold the 0 FIB for the second day in a row and i think we definitely can. we have lots of room for a runup to the 0.2 FIB ultimately creating new support on the way up. If we do breakthrough the zero fib and drop we are looking at weak supports at the 1.06$ mark and 0.87$ (USD) i think we are going to really count on BTC reversing in the short term to start seeing some upwards action. we see our Stoch Rsi is just going sideways in the oversold zone. I expect April is going to be a lot better for the markets as March is one of the most "bearish" months. Not financial advice just my opinion!
COINBASE:GRTUSD
by JacobR905
3
BULLISH DESCENDING TRIANGLE Descending triangles are mainly considered continuation patterns but they also can be used as reversals. This pattern starts with an initial impulse move followed by a point of consolidation. As price consolidates it makes lower highs and equal lows forming the descending triangle. The momentum builds up and usually breaks out back into the direction of the trend. If price does break back into the direction of the trend then look for a continuation and the target is the Distance Between The Mouth Of The Triangle Added To The Breakout but preferably I use a 100% extension of the first impulse move.
Long
by Crypt0_Ninja