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GRT

🔥 GRT/USDT Breaking $1: What's Next?After a flying start and a bumpy couple of weeks after, GRT has established itself as a potentially amazing coin to invest in. Currently, its only a matter of hours before GRT manages to break the $1 resistance. When it does so, what's next for this coin? Before entering a trade, wait till the price closes above the yellow line. Higher time frames yield higher predictability. Since GRT is currently inside a channel, I'm expecting it to either adhere to the channel or to break it on the upside. Since GRT is currently at the bottom of the channel, there's potentially a lot of upside here. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, $1.30 and $2.00. Do your own due diligence. Happy trading!
Long
by FieryTrading
14
$GRT Technical Analysis (BULLISH)What's up everybody! Thanks for taking the time to check out my detailed analysis of The Graph's $GRT! This is only my 3rd published Idea, but likely my most technical so let's get right into it! TL;DR at the bottom! It's looking like $GRT might be gearing up for another run towards the highly sought after level of $1 or more! Before this happens though, there are a few things that I personally would like to see that would give the next leg up a little more power... 1) RSI - 4H chart: The RSI gradually finding support between the 55-45 range. This would indicate a healthy, prolonged consolidation period and more room to rock back up to 80. 2) MACD - 4H chart: The MACD gradually forming another bullish cross between 0.024-0.01 would indicating a new upward trend beginning. 3) Maintaining Support: The bottom of the recent bullish pennant must hold as support. If it fails to do so, we will likely see a retrace the the mid-level or lower-level of the macro broadening ascending wedge. Using Fibonacci Extensions, I created Fib cluster ranges for the 61.8%, 78.6%, and 100% extension levels. For you swing traders, these can be used as Take Profit/reversal ranges that we will likely hit on the next run up. Coincidentally, when the $0.27 correction at the beginning of the ascending wedge is applied the average close price of the most recent pennant, a $0.27 rally would take us to $1.08... right in the middle of the extension clusters! TL;DR RSI and MACD could fall a little further before the next run. 55-45 and 0.024-0.010 respectively would be ideal IMO. Fib extension clusters point to $1+ soon. I will be taking profit in the middle of these clusters at $1.08 Feel free to comment your opinion, and give this a thumbs up if you found it useful! *This is NOT trading advice. I am NOT a financial advisor. What is shown and said in this analysis is purely speculation. Remember to trade with a stop-loss and DYOR!*
COINBASE:GRTUSDLong
by BTCkp
3