#GRT Mid Range Swing to 2.60-3.60#GRT Mid Range Swing to 2.60-3.60
Short range time frame swing. looking for the rising trend line to hold when pulled back and tapped to validate the idea. Sideways consolidation in the 1.74 to 2.10 range is the idea here to see it set up for the higher push of rising trend.
*Short Range time = 24 hours to 2 weeks. depends on the consolidation time and the profit takers to let go from sub 1 buck area from the last 48 hours.
GRTPERP trade ideas
GRT TO $5 GRT has strong fundamentals. It's purpose is to sort blockchain data, very similar to how google sorted internet data. The technology is middleware, similar to chainlink. A protocol applied between blockhain and data. The use case is tremendous and it has strong financial backing.
Technical analysis: We've seen a massive breakout for GRT. This is a project that has been on our radar for some weeks. As per usual DCA is the way to go. The highlighted zones are POTENTIAL retracements. If your bags are built, hold to $5. Then we look higher to $10. If the market doesnt pull back, you'll have wished you set up a DCA when you read this. :)
GRTUSDTIf you followed my first idea in GRTUSDT, lets just say you made bank haha. Now we have an impulsive wave, the first mistake a lot of traders make is these follow the price, they rush in and get caught out. Now fibs are not always accurate in crypto given the volatility. but if you want to buy at a good price, see if price will fall back to .5 or the 0.618, this is better way to trade.
GRTUSD Bearish Crab Pattern (UPDATE)GRTUSD:
As you can see we hit the 1.618 XA leg! The pattern has been complete! Congrats if you were tracking this pattern. (400% gains in 30days)
The crab pattern frequently experiences volatile price action. EXPECT price action to exceed the 1.618 leg but is still valid.
Price MUST stabilize between 1.618-2.0 for short swing entries also known as the (PRZ) Potential Reversal Zone on this pattern. Then we can look for potential pull back areas.
INVALID above 2.0 fib.
Let me know what you guys think or if you have something similar.
Thank you,
Technical Analysis & Predictions 2/9/21*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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