GRT.BTC (Y21.P1.E1).Nice trendHi All,
Keep an eye out for this one...on the HRLY chart to accumulate more BTC.
Pullback complete, now look for a nice bullish candle or a combination (small red, then a green or engulfing green), cradle trade.
Note: Macd convergent
All the best,
S.SAri
Macro chart. Seems to be a new addition, not much history.
15 min chart, already started to respond
Looking good, 10 min in.
GRTBTC
GRTUSDT (Descending Channel Pattern)#GRTUSDT ( 4H chart) Technical Analysis Update
Descending channel
GRT/USDT currently trading at $0.375
Long Entry-level: Above $0.385 (only enter long after 4 h candle closes above the resistance level at $0.385)
STOP LOSS: Below $0.310
Resistance level 1 (Target 1): $0.50
Resistance level 2 (Target 2): $0.60
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
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$GRT $BTC | LONG - The patience retestBINANCE:GRTBTC
This is another coin to watch to see how it responds to a test of previous resistance.
Strong rejection is what we'd ideally be looking for.
Exits targeting confluence of Fib retrace & highest volume nodes on the volume profile visible range.
Worth noting we've formed a lower high and a higher low so wouldn't be surprised if range were to tighten before we saw a significant break.
Too Early to Enter GRTIn the current structure, we are still seeing lower highs and lower lows, so by definition it is still in a downtrend.
It has formed a minor trend line which it has been rejected from with decreasing volume each time.
If it breaks from this minor trend line, it will have a major trend line to break as well.
The easiest setup to look for is if it breaks through the major trend line, and retests it.
This is drawn on the chart but is not guaranteed to happen. Something like this will offer a nice risk/reward ratio if it does happen.
It doesn't make sense to enter right now. You are better off waiting to see what happens first.
Since it is at the bottom of the 0.786 of its major move, a reversal would mean a lot and offer a profitable trade
and a potentially nice long term position.
GRTUSDT - Potential buy entry 🔼GRTUSDT is printing a falling parabolic wedge pattern ( banana pattern ).
Potential breakout.
Buy entry ⬆️ - breakout above the falling parabolic wedge resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the falling parabolic wedge support.
GRT - Updated idea Looks like we broke out and it turned out to be a prairie dog which is a noble animal. Unless we decisively break out of this MEGA triangle, I would expect another collapse but this time down to .29 area.
4th wedge breakout was extra weak and looked pathetic. I am out for now until I see something a bit more optimistic.
Round 2? Thanks Bitcoin...Due to Bitcoins run up our break out was denied. If this 2h candle cant close above the 0,0 Fib line I believe we will be looking for lower lows. However, if it can close above it we will then begin our Break out up and end profit goal will be 0.00003292 Before hopefully another step up or more consolidation.
GRT The Graph - Where to now? GRT - fairly new token/coin whatever this thing is but it is still within our play zone and is acting as expected. Seems like it moves in wedges. If you notice on the chart, each falling wedge looses its steepness with time and slowly starts pointing up. I have no clue what GRT does or what macro theme it has behind it so this is purely a momentum play for me. If this 4th falling wedge plays out like expected then we can "hope" for a relief rally to .60. All of these are just shit coins to me so if you expect moon and if you are a long term holder - May the 4th (wedge) be with you.
Good luck and Happy Sunday!
PS Do not trade based on pajama pants analysis that you see on TradingView. This is purely for viewing pleasure ONLY
GRT Set up Looks like GRT loves to move in wedges. Each wedge breakout is powerful and looks like we might see another wedge formation before another MAGA breakout. Not much data to analyze so just speculation. It also seems like a lot of Ripplers are jumping into this one and ditching XRP positions