The Graph [GRT] support & directionHi everyone,
Looking at the 4H timeframe, after a strong bearish move when hitting its ATH $2.88 in Mid. February, GRT seems to found support at its 0.618 Fib. retracement (~$1.25).
In case we can hold the grey trend line as support, other important levels can be tested as highlighted in the chart.
As these corrections are normal market cycles, I am still bullish on The Graph in the long run!
Strong fundamentals:
> Migration path to Mainnet starting in April 2021
> Team expansion
> Integration Clover Finance
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
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This is not financial advice
Grtusdt
$GRT The GraphThis one had a astonishing launch and directly became listed on all the major exchanges (binance/coinbase etc) on the day after release, so the fundamentals have to be good. If you are interested in altcoins, I suppose this one is one of the quality coins to have a look at.
Price has now be ranging after a quality pump, will be holding this one throughout the year and eventually add on dips if they come
Crucial Level For GRT to hold!GRT has been dumping for awhile now but i do believe some of this is due to market conditions as of right now, we are looking to hold the 0 FIB for the second day in a row and i think we definitely can. we have lots of room for a runup to the 0.2 FIB ultimately creating new support on the way up. If we do breakthrough the zero fib and drop we are looking at weak supports at the 1.06$ mark and 0.87$ (USD) i think we are going to really count on BTC reversing in the short term to start seeing some upwards action. we see our Stoch Rsi is just going sideways in the oversold zone. I expect April is going to be a lot better for the markets as March is one of the most "bearish" months. Not financial advice just my opinion!
BULLISH DESCENDING TRIANGLE Descending triangles are mainly considered continuation patterns but they also can be used as reversals. This pattern starts with an initial impulse move followed by a point of consolidation. As price consolidates it makes lower highs and equal lows forming the descending triangle. The momentum builds up and usually breaks out back into the direction of the trend. If price does break back into the direction of the trend then look for a continuation and the target is the Distance Between The Mouth Of The Triangle Added To The Breakout but preferably I use a 100% extension of the first impulse move.
GRT getting ready for a big move!GRT has been trying to regain our long term resistance level but has been getting rejected multiple times, but i think grt is loading up for a big move we see the bollinger bands starting to squeeze and the stoch RSI has flipped as of right now to bullish and looking to explode out of the oversold zone. Aswell our wave trend oscillator is looking like we could see a reversal soon! definitely going to watching this one! we could see a really nice breakout here after recent downside and accumulation! NFA just my opinion
GRT 4 LifeHey guys no financial advise here. I just tell It like It Is. Check out the graph. Looks like It's gonna blow up hard shooting to the 3 dollar range. Possibly much higher TP so we will see. There was a breakdown In the structure which almost led to us breaking down out the pennant. So sad. But we've pulled back up and I'm fairly certain this Is gonna be one hard trip. Stochastic as of right now just had a super bullish cross at the 20 line. It looks sick af. Not much volume here. It's clear the bears backed after pushing Into some hard support Indicated by the gigantic supportish rectangle. Yet OBV Is starting to straighten out as net volume becomes positive. The derivative of OBV or It's slope at any one single point provides a solid Indicator for trend. Good luck guys. I'm Into a 10X margin position at 1.698. I need money to make my new dapp came. Plus an IPAD for digital Art because NFT's are hot af right now. As layer two scalability solutions grow rapidly Into the end of Q1 this trend I forecasted like a year and a half ago to blow tf up around now Is panning out. I've spend so much time and money on NFT's. Spend a year plus str8 learning so much stuff about Crypto. 16 hours a day sometime more. It was completely worth It. Here Is the first NFT that will be featured In my upcoming dapp trading card game which will donate 15 percent of profits to charity because Corona has been a real pain for many. Also It's very screwed up how It took so long to get many people to even touch crypto bcuz of such a high scam potential. Dualmine the mining site go figure literally was recently stealing ~66.6 % of their customers hard earned money. They have three shit dapp games plus a pos token called CRT which Is all they will pay out they decided. NTM It's completely centralized because their IEO didn't exactly go swimmingly. They have been manipulating prices and the CEO still can't seem to get It up. Tough luck bro. I have free documents proving said theft for anyone who cares. But be careful Dualmine Is trash. They made their own trash exchange In order toe even IEO. How sad. I will be happy to set my money with them on fire and watch It burn. If It mean's I get to wreck them too.
On a better note here's the NFT that Is going to be released In extremely low quantity as the man Is my hero FR... OH btw Dego Is pumping hard rk through the Bollinger bands on 15 min chart... tinyurl.com
GRT - 4h. Sellers want to continue falling to $1.15The first wave of fall in the GRT market . We wrote about it in our previous idea:
Sellers managed to lower the price by 40% in 2 days and set a new local low of $1.3
The buyers managed to counterattack quite successfully. The critical point for continued growth is in the range of $2.13-2.26 .
From this range, a new wave of falling GRT prices may start. If buyers manage to keep $1.65 , they will have a chance to break the range of $2.13-2.26 and complete the correction in the GRT market. Otherwise, the price will continue to move within the white channel with the next target of $1.15
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GRT WEEKLY IS SO BULLISH :)GRT looks like it is on the verge of another impulse wave up!! The 0.5 fib retracement on such a high timeframe is a great place to go long, and the volume on the dip has dropped significantly signalling a reversal is just around the corner.
Play it safe and wait on the weekly close for an entry, or for those with less patience check out the current 4hr chart for a top tier entry around the 200-255EMA.
Expect to make money on this trade over the coming weeks.
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Goodluck :)
If GRT closes below this level expect good buy opportunitiesGRT has broken below "long" term resistance and currently the 0.2 FIB level. If we do see a close below the 0.2 today we could expect to see a dip, the ichimoku cloud has begun to turn downwards and our stoch RSI is actually oversold so it'll be interesting to see what the close will look like. potentially could get bought up quickly to shoot the price above the 0.2 fib but is probably unlikely but who knows! Either way we will see a very sweet buying opportunity or continue on the accumulation track! not financial advice just my opinion