GRTPERP trade ideas
GRT BEARISH GRTGRT was looking fantastic up until the BTC dump. It's deep pull back has been concerning. If we don't get a solid bounce soon, it maybe likely that we are in a rising wedge on declining volume and about to head to lower prices. To the low .40's I don't want this to happen but I wouldn't be an honest trader if I didn't talk about it
GRT The Graph: Downside SupportHello friends, today I am completing a technical analysis on the 1D linear scale chart for The Graph ( GRTUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines.
#CryptoPickk notes the following:
1) The Graph price had an all time high in February 2021 and since that point, the price has only came down.
2) Recently due to the #cryptocrash, the price dropped significantly breaking a multi-month bottom trendline (in yellow color).
3) A Trend-Based Fibonacci Retracement is shown with two areas to note - 0.236 and 0.382 level ($0.34-$0.45 area)
4) Both of these area are also support areas shown in the green color lines.
5) The Volume Profile (VPVR) is also heavy around these two areas.
6) The RSI (relative strength index) is about to touch the oversold region and the Stochastic RSI (Stoch RSI) is in the oversold region).
7) There may be a point of consolidation or short-term price increase before prices may come down further. Stay a bit cautious as the economy and market are fragile right now.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
GRT - Another Attempt at the big recovery rally - UpdatedHi All!
So far so good on GRT for this recovery rally!
We have hit the first targets of 75 and 85 cents. I will attach the previous idea to this one. This is a continuation with market conditions.
If BTC retraces down to 41-42k and the BTC side of GRT follows, we might get another shot at 62 cents, close to where we confirmed the wedge as support as an entry or addition point. - 75 cents may hold, though.
From there if we don't break down completely - $1.20 and $2.00 would be may targets.
This is one of the better trade setups out there IMO.
Thanks!
$GRT breaking out w/ upside to $8.10$GRT seems to be breaking out after consolidating since it's February highs.
If it can push past the 50% retracement level at $1.71 and then it's ATH at $2.97, then I think there could be a strong move upwards and the first take profit level will be somewhere between $4.49 and $6.42. After that, I think it's likely to consolidate further before surging up to a final target of $8.10.
Let's see how it plays out over the coming weeks/months.
Entry at $.87.
My Hope For Tonight - Long There is this premature bull flag that has been going on for 2 days now,
GRT was bound to complete it's wave and conclude it's run at 0.77 USD.
This has caused some FOMO in the Day Trades,
and maybe for some of the Long Time holders who have grown tired of waiting.
Will we finally see the breakout that we were hoping for for the longest time?
or will it continue to go downwards to 0.80 USD
no one knows the future, but the indicators suggest STRONG BUY in the month to come.
My suggestion for the new traders is to,
enter in small amounts during this few hours - if that is your plan
if it goes down south,
then getting into positions from 0.84-0.77 USD would be the best bet before the overdue "expected" parabolic occurs
strongly suggest to have a small position at ~0.95 USD now at this bull flag if you haven't have
if it doesn't go to the moon, you can still sell off for some small profit
GRT 1 DAY CHART NOW AN EXTREME ALERT!!!⚠️ COINBASE:GRTUSD 1 day chart may have initiated its uphill run to the target of 2.10. This target is over +120% away and $GRT has the technical ability to reach it due to the break of the charted resisting trend-line. #TheGraph is on EXTREME ALERT for an over 120% run to test 2.10...
If you are interested in this technical analysis, there are a GREAT amount more and more to come on the twitter account @JavonnnM! Come by, give a follow, and embrace the journey!
GRT finally ready?GRT Daily chart looking like its finally ready for liftoff. RVGI & RSI showing a clear trend matching price action. Started buys at .905 and will buy dips into the .80's if it comes available. Each of the previous 2 taps to support on RVGI & RSI have yielded 100%-120% pops in price within a 4-5 week time period. I expect to hold this trade for roughly that period of time, with a target price of $1.60. Will begin to sell at $1.22.
GRT The Graph Bottom Trendline Re-testHello friends, today I am reviewing the 1D linear scale chart for The Graph (GRT), a cryptocurrency alt coin.
In the chart I noted:
1) GRT price has been in a long-term triangle pattern since Jan-Feb 2021. The price is approaching the apex.
2) The price recently tested the top trendline of the triangle and got rejected and may possibly re-test the bottom of the triangle again, resulting in a 20% price drop to around $0.70-$0.72.
3) The Ichimoku Cloud is showing green and the price has stayed above the cloud since the end of October 2021. If the price drops, it may only be a very quick wick down for the re-test.
4) The RSI (relative strength index) tested the bottom support trendline and could be re-testing it again forming a double bottom to help push the prices higher.
5) The Volume has not gained much momentum since March 2021 but has not significantly decreased either.
6) The VPVR (Volume Profile) shows support and resistance at the current price levels as well as the potential price drop area. If GRT can manage to break upwards out of the triangle, there is limited resistance above.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
GRT/USD - Potential 151% Setup Hello Traders!
GRT went into an upward movement, which was followed by a correction.
The price returned to the main trading range of $0.86 - $1.08 and rebounded from the support level of $0.86. On the daily timeframe, the MA100 is in support.
It is possible to connect to purchases in the range of $0.86 - $0.94.
It's better to place the stop under the support level of $0.64.
Target prices will be the following levels
$1,65
$1,86
$2,16
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice