GRT relabeled for the long sideways correction since Feb 12The long side ways correction that's been ongoing since Feb 12 is too long to be the fourth of wave 3. I've relabeled this correction as primary wave 4 which implies that the 3rd wave ended on Feb 12 and we should soon be starting a 5th wave. This makes wave 4 proportional to wave 2 of the same degree. There's no hard requirement that it has to be, but it is usually the case. The good news is that the target price range remains the same.
GRTUSD
GRT due for a big moveGRT has gone through a cool off correction after hitting its ATH in beginning of Feb. we have been seeing recent pushes up in our candles and then coming backdown throughout the days, I am looking for a golden cross on the MACD hinting at upcoming big movement for grt, also tomorrow i think we could see price come back up as our Stoch RSI is coming back up from the oversold zone. Ema ribbons slightly up but for the most part pointing sideways. I expect us to see some nice movement in GRT soon. Worst case if we do break into the 0.2 FIB which the bulls have so far been holding we could see a little more of a drop somewhere in the 0.2 level, i think this is the more unlikely scenario but if it does happen i will be buying the dip! Not financial advice just my opinion.
$GRTUSD - Wait for a breakout and go longHello everyone!
GRT is keeping near the lower edge of the symmetrical which is not a good sign for a token which wants to gain value.
Nevertheless, since there could be a strong volatility these days, I'm guessing that GRT will break below the triangle and from the nearest supports (see chart) will bounce back towards new highs.
The best point to keep in mind in all chart pattern trades is wait for a breakout, the best of the best is wait for a breakout and retest, so wait for a signal and perform the necessary trade.
Update on The GRT Buy Potential 70% Gain back to ATHScript Buy signal triggered 02/03/21, 13 EMA crossing up 50 SMA signalling strong buy sentiment back in the market. The GRT reached its ATH on 12/02/21 at $2.88, and has since retraced back down after a very parabolic move up to the $2.88 level, down to $1.32. During the downward move The GRT has shown resistance at key Fibonacci levels, testing the 200 SMA on the 23/02/21 just 11 days after this huge move to the upside. From the current price levels, there are 2 possible scenarios I can see playing out here after the 200 SMA level was tested.
1. We could see a push phase back to the ATH levels of $2.88914 or..
2. The more likely scenario of another test of the 200 SMA which would form a double bottom , further signalling and confirming our bullish bias back to the ATH levels.
*Update 03/03/21* The Graph did test the 200 SMA Again and has since triggered a strong BUY signal with the 13 EMA Crossing Up 50 SMA . New Fresh Highs Insight!!
Update 15/03/21
Currently The GRT is below the 200 SMA, we expect some downward pressure in the short term but expect the Bulls to be back in the market, If the 13 EMA crosses up this would be another strong buy signal back to the upside.
Note that the move back to the upside may be faced with some resistance specifically at the 0.382 and 0.7862 Fib retracement levels.
Overall The GRT is still in a bullish outlook long-term. Use the Buy Zone as a guide for the perfect sniper entry.
UPDATE for GRT. Bulls held the 0.2 FIB!Yesterday i came out with some TA talking about how we saw a 10% drop for GRT and how the bulls needed to hold the 0.2 FIB level, and they did exactly that we are seeing a very nice recovery as of right now, the most ideal situation would be to push higher and close above the 0.3 FIB, unlikely for today but i believe we will see a good close and then push forward in the coming days breaking through the 0.3 FIB. We see the Stoch RSI is right about in oversold territory and i expect it to come back up soon. ichimoku cloud continuing with support and our EMA ribbons are pushing up with bullish momentum! If you bought the dip yesterday you are already in profits! NFA just my opinion.
GRT Idea Part Two using RSI and FibHi
Ive already created an idea regarding $GRT using it's RSI. However after looking at GRT again I noticed the last time GRT dipped into oversold on the 1hr chart we were met with a close to 40% increase. We recently dipped into oversold on the one hour chart and have so far bounced 15%. If we are met with a identical 40% increase that will take us to the 0.618, which is very important. This could be the big move!
GRTUSD trending upwards & showing potential triangle breakoutThe graph appears to have broken out of its symmetrical triangle and be in the process of bouncing off a retest. Extending from the base of the triangle to the beginning of this young chart produces an ascending trend line giving support. The chart structure now shows key support and resistance levels, with the next upwards target at $2.20, although $2 may also come into play as a key psychological level.
GRT bulls got to hold this level We saw aprx. 10% drop today for the graph which provided a decent buying opportunity and we held and closed our daily candle above the 0.2 FIB level shown by the 2nd most recent candle. now we will see if the bulls can hold this level going into tomorrows daily close. We still also have support from the ichimoku cloud going sideways. If we were to close below the 0.2 level there is a chance we could see a pullback to the 0 FIB, i doubt we will and if we do i imagine it'll get bought up very quick and then we could start to see a climb back up. NFA just my opinion.
GRT RSIHey guys, Ive just noticed something about the GRT price chart for a scalp trade maybe.
The last time GRT dipped into oversold on the RSI of the 4 hour chart we say a 40% move. Im assuming something similar may happen here.
My findings are the same on the one hour chart. If we were to hit a 40% move from here, That takes us to around the 2.30-2.50 range. meanwhile breaking key resistances as shown in the graph.
Just an idea.
GRTUSDT (GRT) - BIG MOVE ANALYSIS 🔎
- BZRXUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3).
- Downtrend ⬇️: Horizontal support level (S1).
GRT (The Graph) Analysis 11/03/2021Fundamentals:
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.
the Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network.
GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to.
Technical Analysis:
as we can see the price has done the Accumulation phase and currently consolidating after an impulsive wave.
we have defined 3 Targets by Fibonacci Projection, which is the projection of the past rally.
the 3 TP gets its Confirmation if the 2 TP gets Triggered by another impulsive wave followed by some price correction and price retracement.
GRT/USDT bulls are you strong enough ?GRT / USDT
Technical Analysis 🌟
Price rejected down today after bulls failed to break trendline
strong daily support area = 1.90$ -1.80$
Price likely will visit this area and if bulls show strength and hold it we expect another try for a breakout
If price close daily below 1.80$ then we expect dump
Hope this analysis help
Best wishes