GRTUSDTPERP
GRTUSDTThe current situation of BINANCE:GRTUSDT (Graph Token) is as follows:
A few days ago, we witnessed an unsuccessful breakout that led to a price decline up to this point. There has been a downtrend lasting for more than 150 days, but fortunately, we also have a supportive trend line with two strong supports.
we have a change of character from a downtrend to an uptrend, and we can confirm this with higher pivots that have been formed. However, this doesn't necessarily imply a reason for the price to go up.
In my opinion, a price of 0.105 could be a reasonable buying price with the target of retesting the downtrend line.
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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
GRTUSDT
GRT analysis:
There is a falling wedge pattern on the daily chart which broke in an upward direction and we see a big upward really. After hitting the resistance area price is now cooling off. The support is $0.128-$0.135 area and we may see a test of this zone soon. If the price is able to hold this zone then we see a good upward move. Don't FOMO and wait for test of the support area.
100% return shorting GRT!!!!!!!!!We are now showing signs of a short term bullish reversal which in turn will take us to our target for the remainder of the short at .20, @MP MoonBoys you can either watch or add to your positions here as the target is our original entry.
WHY WE SHORT..... early analysis shown to me what looked like a MMSM but after we seen a blow through the orderblock i marked price then ran the monthly swing high, which now is a higher timeframe break in market structure.
1st Target for the short .12
If we get a candle close below .13 withing the next 2 days then we have a weekly bearish SFP and well then look to target the lows.
Ill keep you UPDATED as price play out but this could potential be a 100% return...
AND TO EVERYONE WHO JUMPED IN THE COMMENTS ON THE LAST GRT POST, GO BACK AND READ IT AGAIN AND NOTE DOWN WHAT I SAID WELL BE DOING.
ALSO THANKYOU FOR BUYING .20 BECAUSE I KNOW YOU DID.
Why GRT price growing and what do GRT and ChatGPT have in commonToday we will talk about the GRTUSDT trading pair.
The downward trend in the GRT price began in February 2021, almost a year earlier than most altcoins. Because in 2021, interest in DEFi projects began to wane. 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.
Now, interest in the DEFI sector is returning a little bit, and the volume of locked assets (TLM) is increasing, but it is hard to believe that these events provoked such a rapid growth in the GRTUSD price. Moreover, price growth on falling volumes is not okay.
No matter how ridiculous it may sound, we assume that many crypto users buy GRT because of the similarity in sound and spelling to the hype ChatGPT
And if our assumption is correct, we can congratulate all of us - the alt-season is near . In our memory, the last time it happened was in 2017, when users did not really delve into the essence of the project but bought it because it would be more expensive tomorrow.
And if we are wrong, please correct us in the comments below the idea.
As for the possible movement of the GRTUSDT price, we are more inclined to the white scenario, where the price will not be able to gain a consolidated above $0.18-0.20 and will begin a correction to the $0.11 area.
On the other hand, if the hype around GRT continues, which we don't understand, and the price is able to gain a foothold above $0.20 . We don't see any strong obstacles to continuing the rapid growth to $0.39-0.40 on the chart.
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