GRTPERP trade ideas
GRT ready for next leg up to $3.38Whether you're hodling or short term trading, I'm sure everyone's been enjoying their gains. But it looks like our pitstop is over and time to head towards our next Fibo stop $3.38. We still could be inside a corrective wave (abcde triangle instead of abc), but it's at a good position right here. In any case, we're still in a third of a third wave, and GRT has been exceptional so any stop along the way is a tentative end of third wave.
The Graph (GRT) - Easy x2 and more.GRT is prepared for another leg up soon.
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Easy money: $3.5
Target 2: $5.0
Target 3: ($10?)
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The Graph is an indexing protocol for organizing blockchain data. Project has strong fundaments. It is already x25 since it appeared on Coinbase, but still has a room to grow. Buy the dip, still not late to catch a train. If bullmarket remains GRT will be one of the most promising project of 2021.
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CEX: Coinbase, Binance, Kraken and others
DEX: Uniswap, 1inch and others
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Always do your own research.
This is not financial advice.
Enjoy!
GRT BULLISH FLAGHi everyone
I know this dip made everyone's hearth jumped and those of us who has been in crypto for a long time got excited for this opportunity to buy more. We tested the bottom 2 time and both dips bought up very quickly.
We have a bullish flag pattern being formed as I am writing this.
The main thing to look for in this pattern is volume. Volume confirms major moves and the likely hood that a breakout will be successful. The second thing you have to look for is a defined descending trend line that you can watch as the point of breakout. This will be the top part of the flag
Bull flag patterns do have a statistical edge if traded correctly but in the event the set up fails you need to know where to get out. There are a couple of different ways to manage this trade. The most common is to place a stop below the consolidation area. The other way is to use the 20-day moving average as a stop. So if prices close below that moving average then you would close out your position.
Happy Trading
Burak
The Graph Reaching Possible 38% GainHere is an opportunity to go long with GRT/USD and fetch a potential 38% profit! Remember to wait for the support re-test after break-out and trade with a stop loss and keep your eyes on the target. And as always: patience, patience, patience. Follow me for more lucrative targets which I try to post regularly. In each trade, I count the Elliott Wave tops and bottoms and measure the profit extensions according to the chart patterns' highs and lows. When navigating the cryptospace, I personally like to use a solid 13/48 EMA crossover in conjunction with the MACD for double-confirmation. Safe trading to all!
GRT: Is the Correction Over?After GRT's massive pump, it went into a correction phase which has formed a descending triangle that touched twice around $2.15, which is usually more of a bearish signal. Support holds around $2.12. If support breaks in the next day or two, then we could fall to $1.80 or lower. If the bulls are strong enough, then we could pop back up to our next high.