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.
Grtusdt
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
GRT/USDT Chart 18/03I'm not following GRT that much, but it looks weird that in this market condition it has been this still.
On the daily, volumes have been declining over the past weeks, except for a few spikes.
However, 13 and 34 MAs look like they may be set for crossing, which could bring some attention on GRT and push it to at least retest the 2.1 area.
Is there a triangle pattern going on? What do you think?
GRT Technical Analysis GRT has been forming this massive symmetrical wedge for a while.
Price tested the support level and held strong.
MACD looks bullish.
Price consolidation above 100MA level would indicate further uptrend. Right now it is acting as a strong resistance.
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ARK invest and a few other institutions are HOLDING GRT. Any institutional buying of a coin gives it even more bullish potential.
GRT/USD - Consolidating before new push up!GRT has maintained its price very well above $1.5 which has acted as strong support and most recently we did not even touch it before buyers came in strong.
On 4h GRT is looking bullish so I expect us to push at least up to the diagonal resistance just under $2. Once there we may be rejected before we can push up again.
Nevertheless, GRT is very bullish as it has maintained its price very well and I'd expect us to break out of this descending triangle eventually. On daily the indicators are still bearish slightly so we need a bit more consolidation before we can turn back up and push higher. Volume is also lacking as we wait for this formation to break.
Once we break, it's important to push higher than $2.3 as there we have a resistance at Fib 23% and previous highs.
One we clear that, ATH re-test is next and possibly higher. I would not be surprised for GRT to move towards $5 long term.
The bearish case is activated if we crash below $1.5, but I find that very unlikely. Hence my bias remain bullish so long we are above this key support.
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