GRTPERP trade ideas
Crypto Market & GRTUSD Technical Analysis & Predictions 2/26/21*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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GRTUSD IdeaI was originally hoping this was a WXY completed pattern, but I'm only seeing a 3 swing move to create another Wave A instead of a 5 swing indicative of an impulse move. Because of this I'm thinking we're beginning Wave C of X2 of a WXYXZ pattern. This is in line with what I believe will occur for BTC as well. We'll be looking for a 1:1 here compared to the Wave A of X2. It will ultimately come down to finish the Wave Z (larger Wave 4) and we'll look for a 5 wave impulse to start of Wave 5 of the macro count.
Also, you can see bearish divergence on this 1H chart for this current move.
Here's the macro. If this plays out, I'll be looking for a 3.50 - 3.60 conservative target
GRT $4.00 in a couple weeks (maybe?)Purely speculative... not a very technical post. Sometimes it's nice to just publish your thoughts. That said, I feel like GRT is severely undervalued right now due to nothing more than the recent bitcoin pullback(s), and this is just one possible path to $4.00. I hoped for a chance to buy GRT at a discount, and here it is, so I'm going to get what i can while I can while it's relatively cheap. Also, is it just me, or was it just really hard to win any trades the last few days? On the short-term, it just seemed impossible to predict any move at all. That said, i've made some really bad trades this week, so don't listen to anything I say. The whale's AI bots were on point this week, i guess. ;)
*Side note: it's the weekend, so i personally am erring on the side of LONG vs SHORT when it comes to small timeframe breakouts.
Trade responsibly, my friends!
The GRT Buy Potential 70% GainThe GRT reached its ATH on 12/02/21 at $2.88, and has since retraced back down after a very parabolic move up to the $2.88 level, down to $1.32. During the downward move The GRT has shown resistance at key Fibonacci levels, testing the 200 SMA on the 23/02/21 just 11 days after this huge move to the upside. From the current price levels, there are 2 possible scenarios I can see playing out here after the 200 SMA level was tested.
1. We could see a push phase back to the ATH levels of $2.88914 or..
2. The more likely scenario of another test of the 200 SMA which would form a double bottom, further signalling and confirming our bullish bias back to the ATH levels.
Note that the move back to the upside may be faced with some resistance specifically at the 0.382 and 0.7862 Fib retracement levels.
Overall The GRT is still in a bullish outlook long-term. Use the Buy Zone as a guide for the perfect sniper entry.
GRT - Looking to Breakout -- 30% PotentialHello Traders,
GRT has formed an Inverse Head & Shoulders pattern on an hourly.
Following a trendline, as long as it can keep following and using it as support. We should see a breakout to the upside.
MACD is consolidating/ forming very tight movements, which will usually result in a bigger move.
I'm targeting somewhere around 30% gains from the current price point landing around $2.50+.
Good Luck!
Grt Volume is IncreasingHello everyone,
Hope everyone was able to take advantage of this dip. even though it was scary that just made us little bit stronger going up all time high On 4hr chart GRT volume is steadily increasing. RSi is little bit high to make that big jump yet but we might see higher highs and lower highs by the morning
whats everyones target going to be for the bull run?
thank you
Burak
The Graph (GRT) • Consolidation range waiting confirmation The Graph is an indexing protocol for querying data on Ethereum.
Currently sitting on #33 on CMarketcap this token seems to be doing some consolidation after significant pullback. In the video I talk through some possible scenarios and why I think it s still bullish.
GRT: Target the same. Type of correction different.The market decided to do a head fake and invalidate the a-b-c-d-e contracting triangle correction. Instead it's either a w-x-y in which the correction is over now, or an a-b-c zigzag where c needs one more leg down before resuming wave 5 of 3 which I'm still targeting $4.80 - $6.22. Looking at how BTC quickly reversed today's plunge (... at least so far), I'm favoring that the correction is over, but of course, the market has the final say. The other thing in the back of my mind is two words: Stimulus Checks!
GRT- further breakdown, a reflection of overall market sentimentShort term: Bearish - note I did not put short on the chart itself, as corrections are to be expected.
Long Term: Bullish. Very very Bullish.
The Graph announced some huge news recently, that it would now include support for 4 MORE BLOCKCHAINS! Currently, it has made its way to $3 and down to over $2, with just handling Ethereum blockchain itself.
The news that it will take on 4 more blockchains, is very bullish, and eye opening. Some people misunderstood that it was only on one blockchain to begin with, some people are elated to see the popular Polkadot Network as part of the 4.
However, the price did not react to this. And I believe it is overall sentiment of the market.
Bitcoin is currently reaching new highs, and we should see a peak soon, as the structure of Bitcoin breaks down slightly. The weakened Bitcoin should be able to reach above 60k, but is in danger of correcting. A Correction is completely normal, but it implies that the Altcoins will also dip, and this affects GRT.
I think a correction is necessary, to promote a healthy future growth. When the Altcoins corrected, we never really made it all the way down to the 50% fibonacci retrace, and may still have some room to drop. Once this does, I would expect consolidation til the end of February, and a big launch of Alts after.
$GRT short term projection , Long but ....$GRT short term projection , Long but if BTC gets nasty we might suffer for a while , if BTC breaths a bit , it would allow ALTS including GRT to breath up a bit ...
I really see BTC heading to $74k soon , if that happens , $GRT projection would be fulfilled , $GRT would hit $3.3 ~ $4.8 , correct a bit then hit $5 ~ $6 .