Grtusdt
✴️ The Graph | EW Basics With Potential Targets (0.395 & 0.555+)Here we the chart for The Graph (GRTUSDT) and I can easily spot a flat (3-3-5) correction based on Elliot Wave theory.
This tells me that a bullish impulse (5-3-5-3-5) should follow as shown on the chart.
The wave count is just for illustration purposes as the shape of the wave is quite unpredictable, the levels though are easier to predict.
So far we have the first and second waves complete and expecting the third wave which is normally the strongest in volume.
After the low was hit in November 2022 we see an increase in buy volume, this support the change of trend.
The RSI hit its lowest level ever and is now back in the green.
Namaste.
Grt Looks Promising Here Grtusdt
Symmetrical triangle pattern breakout confirmed
Attempting to breakout horizontal resistance 8h time-frame
Higher time frame seems like firming descending channel
Overall incase of breakout expecting 30-40% bullish move for short term
Expecting 100-200% Bullish move in midterm
Risk under your controll do your own reaerch
GRT is on the verge of BreakoutGRT or the Graph is going to breakout soon. Now, it is squeezing in between the diagonal trendline and the 200 EMA support in daily chart. I personally think the trend has already changed as the recent furious breakout just retraced and 200 EMA support is holding it in an obvious way. This is a good spot to go for long and the R:R is pretty good. This is a text book setup. Best SL should be below the most recent pivot low below 0.1 usdt
The Graph (GRT) Breaking triangl, moving in upward channel Clearly whats going on.
GRT recently conducted a backtesting of the support supply line of this channel and may be gearing up to resume its upward movement. There is a possibility that it could make a retracement, which would result in a price of $0.62. and more!
GRT CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the GRT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The Graphhello everyone...
graph is out of the falling wedge... made a strong movement and currently trading above the 0.14
the next main resistance is 0.33 which is highly possible since the weekly rsi is above 50
I think the bear cycle has completely ended for this coin and bull has taken over for long run
good luck
GRT/USDTAfter the squeeze last week, GRT formed a LH and is starting to break down again on LTF.
Currently trading at MO and just above Mid Range, expecting Range Lows in due time.
Will a short after a break below MO and add to my shorts after it breaks below Mid Range.
This is a swing short for me and I will have 2 Targets as shown on the chart.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.