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GRT

The Graph new ATH soon?Good morning guys! Today I am focusing on $GRT. The Graph is a decentralized query protocol designed for blockchains, built on Ethereum. To make it simple for you, The Graph acts as a search engine for blockchain transitions meaning you don’t have to go to a website to read a whole page to get the information you want. This project is currently sitting on a 2 bil mcap. TVL is around 20bil mcap so this coin has still a lot room to grow, since it is a Microsoft provided project I’ll count it as a bluechip for myself. All in all, there are big names behind this one. Now some insight in technical analysis: Here you can see GRTUSD on the daily bar chart from FTX. While this project is being listed back in december 2020, there is not much price history to consider. Not forgetting the plain fact that we are currently in price discovery mode. So far to some basic fundamentals. Basically you can see a classical cup and handle pattern right on before it’s breakout and potential retest before leaving this beautiful bullish triangle. We visited nearly every potential fib level and GRT consolidates around the psychological 0.5 area. MACD validates this with a potential bullish crossover coming in the next few days. By the way, a lot of altcoins are forming this kind of bullish strength on the daily, which means we are about to face some great pumps above them all. This is me for today. Given chances have to be taken. This is not financial advice. Cheers!
FTX:GRTUSDLong
by L420199611
2
GRT Breakout of bull flagThe graph has broke out of our prolonged bull flag! Looks very bullish as we have broken the top of flag resistance resistance, Ichimoku cloud has been printing support and is starting to point up, along with our EMA ribbons! Stoch RSI coming out of oversold areas and coming up! i expect us to head up for now although, we have 3 heavy resistance levels we must break before going back up to our ATH, I expect us to break through those levels but we could see a couple rejections and some accumulation along the way! NFA just my opinion
COINBASE:GRTUSDLong
by JacobR905
🔥 GRT Bounce From Strong SupportGRT has bounced yet again from the support channel drawn on the chart. Zoom out for a better overview. Seeing Bitcoin's bullish behaviour at this moment, I'm confident that the alts will see some strong gains in the coming days. One of them will be GRT. GRT has been consolidating for almost a month now, enough time to get ready for the next push. Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence. Happy trading!
Long
by FieryTrading
21
GRT/BTC - Consolidating, approaching trend one. ENGraph is coming up to a point that I would consider to be an area of great value. This spot hits 2 areas, a long term trendline established when GRT hit its all time low, and the Fibonacci Retracement level of 50%. The retrace, having previously bounced off the 61.8% line, sets up GRT for a percect bull run up to the next level. However, as selling pressure mounted, we are experiencing a longer consolidation, which GRT has shown a pattern of doing. This works in favor of GRT, as long as the trendlines hold. It builds a stronger support base, as GRT has seen some huge gains. Without support, we could easily see the price fall fast. In my eyes, the first trendline may become invalidated, as he head down towards the 61.8% zone again, expecting some consolidation there. However, keep in mind that we are very close to an Alt Season that we have not really seen yet, with coins like LTC, REP, ETH, etc waiting their turn while the newer cheaper coins have their Altseason first. Remember, this time difference is the whole reason we can aspire to make money off Altseason. Follow the flow of money, and don't forget to sell!
by Shwayze
15
GRT has the fundamentals, will price follow?GRT is being called the "Google Of Blockchains" by some and while I understand its protocol use/function, Im more impressed seeing its current usage/integration in the most top used and fee generating protocols... similar to LINK's oracle, I think GRT might have a role as a pillar protocol in the greater DeFi/crypto ecosystem... regarding GRT/USD, we are looking at some price consolidation after breaking the previous 80 cent resistance and making an all time high at $2.89/GRT I will continue to watch the price action and manage around any technical breakdown in BTCUSD price or GRT/BTC ratio but regardless of short term price moves, I'm leaning bullish if we continue seeing The Graph protocol integration, adoption, and dependance into DeFi/greater crypto. I don't have any specific short term price targets, but I did chart a possible parabolic path... will update as the price decides its direction, but if you want to learn more about The Graph and GRT, I linked a Finematics youtube video that does a great job of explaining the importance, usage, and potential of the protocol hope that helps, cheers! The GRAPH - Google Of Blockchains? GRT Token Explained youtu.be
COINBASE:GRTUSDLong
by youknowram
2
Update it📝There was this idea before but to make sure that you didn't miss it let me republish it again. Turns out that this triangle became extended. All the waves are done and the price is heading to the breakout. So follow this chart and look for the breakout. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest