GRTPERP trade ideas
GRTUSD More accumulation before breakoutHello people!
First Idea here on Trading View. No fancy charts more just fundamentals. Of course, not financial advise, DYOR.
GRT has not had a meaningful recovery in its token price since it dipped below 1.00 in May. Price has been bouncing inside this channel and accumulating. What is noteworthy is the amount of inflation and unlocked tokens it has seen since hitting its ATH.
When it was trading at $2.71 it had a market cap of 3.38 B giving it a circulating supply of about 1.25 B. Today the token is trading in the low 70 cent range with a market cap of roughly the same, 3.4 B. The circulating supply is now 4.7 B!!
According to the team's website, the number of unlocked tokens will be much lower with a smaller unlock period in mid December. I believe the token price will see significant price action and move towards new ATH by December as long as market remains bullish.
AVAX had similar looking price activity before it started pumping at the first sign of bitcoin's recovery. IMO GRT will eventually see likewise performance as it is still at a relatively attractive price.
GRT BULLISH GRTNothing has changed for me on GRT. This dump is just noise to me and we are still going to revist ATH from the breakout of this symmetrical triangle on the weekly. The volume profile is nice and declining and the increased spike of buy volume on the breakout looks good. I will reconsider if we have another deep breakdown
#GRT The Graph 1D - Big Move Coming!I did a deep dive on GRT to figure out if we are in a possible next leg up. GRT was in a symmetrical triangle on this chart but inside that triangle it was in a falling wedge pattern until it broke out recently. GRT is above the ichimoku clouds and over the 21 ema on the daily now. I noted a few resistance areas along with showing a fractal from the prior pump.
RSI and Stoch RSI show the possible move up is ready.
Market Cypher shows a green dot.
There is a nice double bottom formation on the trend line that was formed since May 2021.
My biggest concern at the moment is if BTC hits the ATH and creates a double top pattern and starts to move down. This would not be good for GRT or any other crypto.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
#GRT The Graph 1D Chart Breakout ready?The Graph (GRT) is one of the top 100 cryptos but it has been on a downward trend within a triangle pattern for many months. It seems we are near the apex of the triangle.
Taking the flagstaff from the last pump and moving it to the breakout area, it seems that the 1.618 fib may be reachable.
Also considering the fractal pattern from when GRT launched, we may be able to see massive gains.
Coinmarketcap on GRT: coinmarketcap.com
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
GRT.USDT (Y21.P6.E1).Change in trendHi All,
Its been a while since I have used pitchfork and it seems GRT has the perfect alignment.
Now that its broken the 200% level (red zone), its confirmation of trend change.
I see the ideal entry with a pullback as per indicators suggest to my liking of testing the top of the channel of the pitchfork.
We also have alignment with a structure of ABCDE as per elliot wave structure.
The daily stoch RSI will assist in finding an entry and we have also picked our spot that makes sense.
IF both align, its a good signal to enter.
I will be using my phx indicator to see confluence as well.
All the best.
S.SAri
Update on my 450% idea-- DISCLAIMER --
I AM NOT A FINANCIAL ADVISOR, DO YOUR OWN RESEARCH. THIS INFO FOR ENTERTAINMENT PURPOSES ONLY.
--
Hi there, I have a small update on my chart that kind of changes my expectations for the shorter term, however I think the
4.5 price target is still valid.
Today, The Graph was rejected at the previous support turned resistance (I drew it in orange and blue, so you can see it) and looks like
it is heading lower to .8 then bounce off of the bigger support line (lower green one) then move toward $1.5 for starters, unless it can
manage to break resistance at $1.03 in which case there won't be a pull back to such low level.
We can also see an ascending triangle taking form between the bigger green support line and the resistance drawn in orange/blue, so for
me, however you look at it, it is extremely bullish. If it goes to $.8 I will definitely be buying more, and I will be buying more
if it breaks resistance this week and retests the resistance as support.
Thanks a lot for your time, I hope you like and agree with my idea, please let me know what you think, your feedback is much appreciated.
Bye bye