GRTPERP trade ideas
grt is a very promising coinIn the long run, grt is an essential and important part of web3. So buy the dip, this position may not be the lowest point, but looking at the historical charts, it's low right now. I would slowly buy the spot of grt , I believe it will shine very brightly in the next bull market.
Monthly PCZ of Bullish Gartley Fastly ApproachesThis is an Update to a previous Idea i posted a couple weeks ago in which i expected GRT to give us a pullback from the top of a Parallel Channel as it was showing Hidden Bearish Divergence on the MACD and was near Deep Fibonacci Retracement levels. In that Idea i did hint towards a possible level that i felt GRT drop to and become Bullish at and now that GRT has gotten much closer to actually hitting the level i am posting the Bullish side of the trade.
For context of why i expected this pullback check the Related Ideas tab.
GRTUSD - Possible path forward long termGRT was looking pretty good before the last crypto dump. But now it has put in a new low under the accumulation channel it was bouncing around in. Silver lining to this is a possible broadening channel/wedge for further accumulation before a pump. Also, worthy of note is a token release that is set to occur for GRT on the 17th of December, about half a billion tokens. I imagine this will create some significant resistance to moving up for a while until that selling pressure wears off. Should have plenty of time to establish a position in GRT at attractive prices before we're ready to move up.
So anyway, short term bearish, long term bullish. Still a solid project with a strong use case.
GRT The Graph Protocol: Imminent new ATH"What Google does for the web, The Graph does for blockchains. A decentralized network ensures that open data is always available and easy to access. The Graph is used by thousands of protocols and dApps like Uniswap, Synthetix, Aave, Balancer, Zora, Foundation, and more." - Edge & Node
LONG:
- *Rough lines and estimates
- Triangle breakout imminent
- Excellent subgraph growth (31,000+)
- Queries growing very steadily (370 billion+)
- Cumulative query fees increasing with potential change in cost per query on the horizon
- Early progress on phase out of free hosted services
- Edge & Node taking a step back to support a truly decentralized development through financing multiple development teams
- Edge & Node hiring additional PR and social media roles to increase awareness
TheGraph Again- i will add a link in comments to my older GRT analyse where we got a rejection around 1$.
- To make it quick. GRT is reaching a buy Zone, but like always you have to check TheKing Movements.
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Trading Parts :
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Buy Zone 1 : 0.65 ( Now ) (not all in)
Buy Zone 2 : 0.55 (All in)
TP1 : 1.2$
TP2 : 2.2$ (only if we have a strong breakout)
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Stop : 0.45$
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- Personally i don't set Any Stop Loss in Cryptos, i rebuy more coins/tokens at lower price, cryptos are terribly fast, sometimes just with a fast "Dip Wick ", you could lose money that you could win back in few Hours / Days, everything is depending on your own strategy.
- Stay Safe and invest wisely.
Happy Tr4Ding !
$GRT$GRT squeezing on the day. Seems to have found its base and is now in a coil aka pennant pattern. I will look for it to break to the upside if we can get volume. From my algorithms looks to be receiving some attention by buying and selling from institutions on accumulation.
Info outside of Technicals
DAPPS are switching away from querying on Ethereum to $GRT due to its efficient indexing protocol. It won't be long before more companies utilize their technology on the backend.
In simpler term $GRT is a direct mimick of Google search engine on the blockchain. Important for web 3.0.
Last words
Technically it is beaten down but you want to accumulate. No competition in their arena which kinda makes them unique.
My price prediction possible $2 this year.
As always before buying do your research.
On reddit as r/highbetacowboys
(GRTUSD) THE WAITING GAME ALSO THE DEFINITION TO TRADING GRTUSD chilling around local support being $0.50 basically the lowest price could go unless the sellers stay in the market.
Key Levels:
All Time High - $2.750
Resistance - $1.30 and $2.20
Support - $0.50
If we hold the current support then I am very Bullish but ONLY IF WE HOLD $0.50. INVALID IF WE BREAK DOWN BELOW. THAT SIMPLE.
TARGETS:
1. $1.30
2. $2.20
3. $2.75
GRTUSDT : short OpportunityAccording to Stochastic RSI and market sentiments, BTC is in re-test mode and people are jumping in with FOMO. Patient traders will most probably close the long positions at little higher levels.
That is the perfect time to short. Also, Volume profile does not show any positions at higher levels at the moment.
The Graph: UpdatedI should have included price levels from previous sell-offs earlier this year (horizontal Blue lines). Original post linked below.
It’s interesting to note that these Blue lines fro previous sell-off intersect our trend-channel early next year. We’ll see if they actually have a “tale” to tell (at the “tail” of the channel) or not (in which case, they’re just a bunch of lines).