GRTUSD Bull Flag completed. Huge rally ahead.GRTUSD just broke above its Bull Flag pattern as well as the MA50 (1d).
With the MA200 (1d) supporting on Fibonacci 0.618, we see this as a solid long-term buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.5000 (right under Resistance 1).
Tips:
1. The RSI (1d) has also broken above its own Bull Flag.
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GRTPERP trade ideas
#GRTUSD - 25-50% Drop Incoming#THEGRAPH is showing signs of turning relatively bearish sometime very soon. We've had a big pump up and now support is spread thin.
If price was to drop under the nearest level of support we can see losses of at least 25% initially, with potential for twice that.
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GRT - Crypto Is On The Pop!Lots of coins suddenly breaking out here with the BTC bounce and perhaps the next wave up has arrived.
Quite a few coins with similar 3 wave patterns and tight accumulations similar to GRT.
Here GRT has a long tight accumulation at the 0.5 fib retracement.
Stock indexes also opening bullish so its looking positive right here.
Exciting times...
Not advice.
Head and shoulders?Totally new at this but I believe that a Head and shoulders pattern is appearing on the GRT 1hr time frame.
Please feel free to let me know what you think
also seeing bullish divergence on the 1 hr. time frame so I am longing the position now could be a good time to enter or wait on confirmation of the pattern
Side note waiting for core CPI numbers to come out tomorrow if there positive this could be the bottom of the 2nd leg of the Elliot wave and we could see some explosive action tomorrow. WARNING many people are predicting the numbers to be bad. if that's the case I see us falling to the 0.11 support before starting the 3rd leg. IMO
DYOR
Good Luck
GRT (the graph) Is confirming breakout from descending channelWe can see here on the weekly chart that GRT (aka The Graph) has broken up from its descending channel and price action is currently very close to the descending channel’s breakout target. Much like many other crypto assets at the moment, we can also see that that descending channel has a large flag pole attached to it as well forming a bear flag. While the descending channel has validated its breakout, it is as of now still uncertain whether or not the bearflag will confirm a bullish breakout as well and pull an inverted Bart pattern. However, CoinMarketCap’s rankings of the “most valuable AI and big data crypto projects and tokens” currently has The Graph as the leading platform in market capitalization. According to Pablo Jodar, a crypto analyst at GenTwo, “I think it is linked to the rally on AI stocks, due to the ChatGPT effect.” Consider all the hype behind AI focused cryptos at the moment this greatly increases the probability that GRT will also confirm the bullish breakout up from the bearflag and reach the higher bearflag target as well. I have posted both targets here on the chart and will update this post once each target is hit. GRT is an indexing protocol that is setting itself up to be the decentralized google for searching blockchains.
GRTUSD (1H) - Bullish reversalHi Traders
GRTUSD (1H Timeframe)
Waiting for the upward break of 0.175 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.155 would cancel the bullish scenario.
Trade details
Entry: 0.175
Stop loss: 0.155
Take profit 1: 0.188
Take profit 2: 0.208
Score: 7
Strategy: Bullish reversal
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.
GRT in Motion: A 1-Hour Trading Chart Analysis of the Fast-PacedIntended Audience: New traders just learning to Trade Crypto
Fundamentals:
GRT is a cryptocurrency built on the Solana blockchain, designed to provide a fast, secure, and efficient platform for decentralized applications and digital assets. GRT aims to offer a scalable and low-cost solution for businesses and developers to build and launch decentralized applications and digital assets.
The platform provides a range of tools and services, including a high-speed decentralized exchange, a marketplace for digital assets, and a suite of developer tools to help businesses and developers create new decentralized applications and digital assets.
GRT aims to make it easy for businesses and individuals to participate in the decentralized economy and to access the benefits of blockchain technology, such as fast and low-cost transactions and increased security and transparency. By offering a fast, secure, and efficient platform, GRT aims to empower businesses and individuals to build the next generation of decentralized applications and digital assets.
Technicals:
A 1-hour chart analysis of GRT can provide valuable insights for short-term swing traders of the cryptocurrency. The recent 30% increase in the price of GRT in the last 34 hours is a significant event that can impact the short-term performance of the asset. By examining the price trends, volatility, and volume of GRT over the past hour, it is possible to make predictions about the short-term performance of the asset.
For instance, the recent price increase in GRT, accompanied by high trading volume, can indicate a sudden increase in demand for the asset, which can be a good opportunity for short-term swing traders to take advantage of the price increase and sell at a profit. However, if the chart shows a lot of volatility and price swings, it could signal a lack of market stability, which may be a concern for short-term swing traders.
Additionally, a 1-hour chart analysis can also provide insights into the impact of any major events or news on the price of GRT. For example, if there was a significant spike in price following the announcement of a new partnership or product launch, this may indicate that the market is optimistic about the potential of the project and that short-term swing traders may benefit from this positive sentiment.
Overall, a 1-hour chart analysis can provide valuable information for short-term GRT swing traders to make informed decisions about their investments. By monitoring trends and staying informed about market conditions, they can make more informed decisions about buying and selling GRT, and potentially capitalize on short-term price movements.
the GRT is linear?graphs arnt always linear however this one seems like its headed straight to the moon! depending on how the space treats this moving forward, should see a retest of this level at the very least and if youre nimble theres a potentiall for a few hundred percent for those hungry enough!
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GRTUSD (Daily) - Bullish reversalHi Traders
GRTUSD (Daily Timeframe)
Waiting for the upward break of 0.0755 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.0535 would cancel the bullish scenario.
Trade details
Entry: 0.0755
Stop loss: 0.0535
Take profit 1: 0.0892
Take profit 2: 0.1110
Score: 5
Strategy: Bullish reversal
GRTUSD broke above major Resistance. Potential uptrend ahead.The Graph (GRTUSD) broke today above the Lower Highs trend-line that has been in effect since the August 08 2022 High. Supported by the 1D MA50 (blue trend-line), GRT is now aiming at the 0.07725 - 0.0750 Resistance Zone (made on the November 23 - December 10 Highs).
With the 1D RSI on Higher Lows since October 20, it is highly likely that this will be a sustainable bullish break-out. However the RSI has has clear highs to sell, near the 80.000 overbought barrier, where price tops where formed.
As a result, we are looking for levels to peak and the pull-back and as shown on this chart, the Fibonacci retracement levels align perfectly with previous Support and Resistance levels since the August downtrend started.
As a result the next level to watch is the 1D MA200 (orange trend-line) on the 0.382 Fib, with a major Resistance cluster being on the 0.5 Fib.
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GRT tenative top price and dateIf you followed my GRT chart, then you know we bottomed. .0516 on the money. We'll go to about 1 cent, then ultimately to almost 2 cents. on~ April 13th
Just my two cents though.
IF you missed the buy, dont worry, there will be another great opportunity to pick it up at a low price before it ascends.