GRTUSD
GRT The Graph Bottom Trendline Re-testHello friends, today I am reviewing the 1D linear scale chart for The Graph (GRT), a cryptocurrency alt coin.
In the chart I noted:
1) GRT price has been in a long-term triangle pattern since Jan-Feb 2021. The price is approaching the apex.
2) The price recently tested the top trendline of the triangle and got rejected and may possibly re-test the bottom of the triangle again, resulting in a 20% price drop to around $0.70-$0.72.
3) The Ichimoku Cloud is showing green and the price has stayed above the cloud since the end of October 2021. If the price drops, it may only be a very quick wick down for the re-test.
4) The RSI (relative strength index) tested the bottom support trendline and could be re-testing it again forming a double bottom to help push the prices higher.
5) The Volume has not gained much momentum since March 2021 but has not significantly decreased either.
6) The VPVR (Volume Profile) shows support and resistance at the current price levels as well as the potential price drop area. If GRT can manage to break upwards out of the triangle, there is limited resistance above.
What are your opinions on this?
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
DNT 1D BullishDNT looks bullish for a decent move over the next 2-3 weeks, keep an eye on it. Consecutive higher lows over the past few weeks. Looks good
GRT BULLISH GRTNothing has changed for me on GRT. This dump is just noise to me and we are still going to revist ATH from the breakout of this symmetrical triangle on the weekly. The volume profile is nice and declining and the increased spike of buy volume on the breakout looks good. I will reconsider if we have another deep breakdown
GRT triangle breakoutThe Graph seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 1.448 and even higher. GRT , come on!📈
ENTRY : local high @ 1.1243
SL : local low @ 1.0793
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 1.448
RRR : 7.1
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence
GRT Buy position ✔Hello Traders. Hope you are having a great day.
Today I want to share my thoughts on GRT on 4H timeframe. As you can see GRT has this descending trendline as a resistance in the way.
So I have marked the best point to buy and Targets are shown on the chart. Also you can put SL below 0.62$.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
Thank you guys for reading my idea on GRT and don`t forget to comment what you think. ✌
Graph: When Web3 hype come to this blue chip?GRTUSDT is drawing a giant symmetrical triangle on log scale, as well as a cup and handle pattern. It is stablized above 3D 21EMA. When it breaks out we are expecting a new ATH then 15-20usd by the end of this cycle.
Fundamentally, the Graph is an infrastructure really needed by blockchain world and Web3 era. It's like chainlink to the DeFis.
After play2earn and metaverse, Web3 hype will surely come. Don't miss the train.
#GRT The Graph 1D Chart Breakout ready?The Graph (GRT) is one of the top 100 cryptos but it has been on a downward trend within a triangle pattern for many months. It seems we are near the apex of the triangle.
Taking the flagstaff from the last pump and moving it to the breakout area, it seems that the 1.618 fib may be reachable.
Also considering the fractal pattern from when GRT launched, we may be able to see massive gains.
Coinmarketcap on GRT: coinmarketcap.com
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins