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GRT

GRT Triangle bigger than originally thought.After several candle close outside of the original yellow triangle, it is clear that the more valid triangle is now this bigger tan triangle. We can see the top trendline of the tan triangles trajectory angle also matches the angle of the purple descending channels as well for added confluence. While that means we haven’t yet actually broken up out of the triangle just yet, the good news is when we do the breakout target will be higher than original expected. I arbitrarily placed the breakout measured move target line here for a rough estimate. opefully it breaks out of the triangle somewhere close to this region. *not financial advice*
COINBASE:GRTUSD
by DrDovetail
GRT - Approaching A Demand 🔎 Analysis #7/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, GRT activated the wedge pattern and traded higher. Last month, GRT rejected the 0.2 round number and traded lower. Now it is approaching a strong demand zone. Moreover, the zone 0.09 - 0.1 is a strong support and round number. 🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue 0.1 round number and demand zone. As per my trading style: As GRT approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
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