GRT/BTC - The Graph: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the JSE:GRT / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00000453 | 0.00000466 | 0.00000491, and the major support zones can be found at 0.00000428 | 0.00000416 | 0.00000391. Consider entering a trade at the current price zone of 0.00000464 and targeting higher levels.
◰◲ General info :
▣ Name: The Graph
▣ Rank: 42
▣ Exchanges: Binance, Huobipro, Bittrex, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Data Management
▣ Overview: The Graph is a protocol for indexing and querying data from blockchains, starting with Ethereum. Developers build applications with open APIs called subgraphs to easily access on-chain data that is indexed by a network of node operators.
Subgraphs are open source so anyone can use the APIs to build decentralized applications. Many Ethereum applications have already built subgraphs and use them today including: Audius, Uniswap, Opyn, ENS, DAOstack, Synthetix, Moloch and more.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000464 ₿
▣ 24HVol: 14.670 ₿
▣ 24H Chng: 6.178%
▣ 7-Days Chng: 6.39%
▣ 1-Month Chng: -9.80%
▣ 3-Months Chng: -17.33%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000453 | 0.00000466 | 0.00000491
◢ Support: 0.00000428 | 0.00000416 | 0.00000391
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.58
▣ Last 90D: -0.73
▣ Last 1-Y: 0.45
▣ Last 3-Y: 0.75
◲◰ Volatility :
▣ Last 30D: 0.63
▣ Last 90D: 0.84
▣ Last 1-Y: 1.19
▣ Last 3-Y: 1.77
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.40 - Bearish
▣ In-depth GRTBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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GRT
UPDATE Growthpoint hit its target at R11.88 warning - Load ShedH&S formed on Growthpoint.
We mentioned this was one of those low probability trades.
However, the overall trend won (as most of the time it does) and down it went.
The target hit at R11.88
And unfortunately, I see further downside to come.
LOADSHEDDING AND PROPERTY COMPANIES!
It seems like the 6 hour - 12 hour day Eskom load shedding is having somewhat an effect on property companies.
I'm no property expert but I assume there would be problems like:
1. Load shedding can lead to tenant dissatisfaction and increased vacancies.
2. Power outages disrupt property management and maintenance operations.
3. Frequent load shedding creates a negative perception of affected areas. As they say Location, Location Location
4. I imagine the power solutions (generators, alternators etc...) are extremely costly investments for backup with these property companies.
And just in general, power outages are having a broader economic impact, affecting businesses and consumer spending.
THE GRAPH long term more gain and shine 💣🚀💣Hello 🐋
we expect to see more gain for the price in log term targets 🚀💣
Brief explanation 📖👌💡
It is an indexing protocol designed with the specific aim of querying networks like Ethereum and IPFS.
In simple words, projects with complicated contracts (such as Uniswap and even the Bored Ape Yacht Club NFT collection) store information on Ethereum’s network.
The Graph makes it very difficult to read anything other than the basic data directly from the blockchain.
Without getting too far into technicalities, The Graph solves the complexities through a decentralized protocol that’s designed to index and enable the performance of efficient querying of the network data.📖
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
TRADE UPDATE: Growthpoint on the way to its target R11.88What was a low probability trade has turned into an extremely high probability trade.
The H&S broke below the neckline.
We then had all other signals kick in bearish.
21>7 - Bearish
Price < 200 - Bullish
RSI<50 - Bearish
Target can easily be R11.88
✴️ The Graph | EW Basics With Potential Targets (0.395 & 0.555+)Here we the chart for The Graph (GRTUSDT) and I can easily spot a flat (3-3-5) correction based on Elliot Wave theory.
This tells me that a bullish impulse (5-3-5-3-5) should follow as shown on the chart.
The wave count is just for illustration purposes as the shape of the wave is quite unpredictable, the levels though are easier to predict.
So far we have the first and second waves complete and expecting the third wave which is normally the strongest in volume.
After the low was hit in November 2022 we see an increase in buy volume, this support the change of trend.
The RSI hit its lowest level ever and is now back in the green.
Namaste.
🔥 GRT Double Triangle: Pending Break OutAs seen on the chart, GRT is currently trading in a short-term and long-term triangle at the same time. As of new, GTR has broken out of the yellow minor triangle.
With BTC edging up, I'd wager that we're going to move towards the purple resistance of the bigger triangle.
Depending on BTC, we can break out or reverse. Longer-term I'm anticipating a break out, targets in blue. Be patient for the break out to occur.
The Graph (GRT) Breaking triangl, moving in upward channel Clearly whats going on.
GRT recently conducted a backtesting of the support supply line of this channel and may be gearing up to resume its upward movement. There is a possibility that it could make a retracement, which would result in a price of $0.62. and more!
GRT CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the GRT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You