GRTUSD.P trade ideas
GRT/USD - potential lower targets before bull resumptionThe Inverse Head and shoulders was invalidated unfortunately. Some think this is a potential triple bottom.
From here, if Bitcoin does not decide to push upward - and instead at least goes to test the 20 week moving average - I could see another potential 35%-ish down from current price levels for GRT/USD based on Fib levels, as there is good confluence around 80 cents.
This is IF Bitcoin doesn't find support here, and continues to face a correction.
Otherwise, we should be very optimistic, as GRTUSD has already faced a nice cool off phase.
The FUTURE of The Graph (GRT)As you can see, no clear demand zone has been formed during the last BTC pull-backs on The Graph chart.
Although this token can be considered as a good long-term opportunity because of its use-case and low market capitalization, we could face a big sale in the medium term.
The Graph was promoted with pre-sales of the token at less than 5 cents. Early adopter's tokens were blocked to avoid massive sales during the bull run and to allow the possibility of integrating this technology into other interesting projects.
The massive gains it has made since that point, and the fact that it is estimated that most of these early investors will be able to sell their tokens around May, could trigger the medium-term sell-off that we warn.
Faced with this situation, we could have two scenarios, if BTC recovers its previous all-time high, it could boost the capitalization of the entire market, and after the fever of possible sales in the Graph, we could catch purchases at a good price. On the other hand, if BTC dominance continues to fall and the major Altcoins continue their bull run in the coming weeks, GRT would be left at its lows until the next season.
This is not a recommendation for you to sell, or to place short on futures, but an analysis to project purchases at the best possible price. We consider that this token could have a brilliant future in the long term.
If you want to receive daily insights like these, check our socials!
All the best, Alkaline.
GRT is at the launchpad! @SmileyTradesHello Traders!
Hopefully you are all well and have survived the recent selling pressure! Lots of setups are in action but this one on The Graph looks amazing! The Channels and Fib lining up is nice.
Key levels on the chart! Price shall do the talking here ;)
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
The pivotal moment for GRT Called out a nice day trade opportunity to recoup some losses on GRT dip,
Called out a full warning for this stock on the long term price drop that was imminent
Now is the time to really pay attention though, its used its fibonacci levels before to alert a sell point and was correct on that, now here we find ourselves in a similar spot; not yet crossing the lowest fibonacci level however testing it.
If we drop below I will be waiting for a new low to buy in at.
If we hold strong and use this level as support I will be calling this the bottom and buying in.
GRT: Possible Triple Bottom? Panic or Buy?No need for any TA right now since the entire crypto/stock market has taken dumps. You can thank Biden for his announcement of increased capital gains tax yesterday, which largely contributed to this. Not trying to get political here, but that announcement pissed off a lot of wealthy investors.
Any way, for all those who are worried, the bull run is not over in my opinion. Usually a bull run ends when volume has increased to the maximum. Right now, volume is at a decline, so we haven't even started the final stage yet. 30% dumps do not end a bull run, they just help it keep going even longer and stronger. Institutions and whales will gobble up this fire sale in the crypto market and we will sling shot back up once this is all over.
For those who still think it's 100% over, look at the charts for the 2017 bull run and count how many 30% corrections have occurred for Bitcoin before it skyrocketed to $20K.
GRT: and the bear wizard said "You Shall Not Pass"Well, folks, GRT's party got pooped on once again. Just when the breakout looked promising, it back in the rut again. But there are some silver linings to the massacre from yesterday.
1. Price held the primary support line $1.6 area.
2. The bounce brought the price back inside the previous consolidation area. The last consolidation area did not become a resistance.
3. There is still strong demand in the $1.4 to $1.6 region
Now, GRT will need to recover with the rest of the market. If the bear flag pans out, we need keep an eye on $1.33 mark. If the ascending triangle pans out then price needs to decisively make moves above $2, otherwise I will start to think this is turning into dead money. Patience and risk management is the key at the moment. Good luck out there.
GRTUSD-We Must hold this demand zone - Inv head and shoulders We are currently completing an inverse head and shoulder pattern for the graph.
This has been trying on the patience of anyone who'd hoped that the graph would make its next big move within this last intermediate market period.
We have so far successfully held our ground in the final shoulder, where the bears have not been able to move the price below the march low of 1.31. We had a wick down into the 1.40's, where the buyers stepped in. This looks great so far, as it is showing that this is in fact a demand zone.
We need to establish the supply zone above as support rather than resistance. We have been continually stalling around $2.20. This would be the top of the range for the Inverse pattern.
Based upon measurements, once we probably confirm the inverse patter after an initial breakout, we should see an initial 63% move to a 1.618 fib that has confluence with our inverse head and shoulders measurement. This would be around $3.50. There are of course higher targets, but to me this is looking likely in the coming market period, granted that this does not get invalidated.
Initial targets: $2.20, $3.50 once confirmed, $5.30 for intermediate moon shot - and then $7.00+ once the market mania hits later this year if everything goes as planned.
This is just what I am seeing. Personally I think that now is a great time to take a chance with the graph if you like to buy in an accumulation zone.
Thank you!
GRT Update! Its about to go parabolic VERY SOON!!GRT still has LOTS OF ROOM TO GROW! RSI is at the second lowest in its history! Buy the fear! Prepare for a major run.. During the current Bitcoin Consolidation, expect the Altcoins to start running hard!! Prepare for a 9-10x your gains from here!
Altcoin season is here and in order to follow the trend, we must first follow Ethereum's move since it is the king of altcoins.
Check out the Altcoin season chart below (Crypto Total Market Cap Excluding BTC ). We are on the verge of another altcoin super cycle
Altcoin Season is just getting started!! BULLISH CROSS on weeky!
Bitcoin dominance will die down and Altcoins will take over!! Whales/bots/institutions will be moving their Bitcoin ( BTC ) into the Altcoins, meaning Altcoin Season is just getting started.
Money flows like this:
FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.
I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, BTMX, LINK, FORTH, and NKN are the some of the altcoins I am moving BTC too).
Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!
Good Luck!
Be fearful when others are greedy, and greedy when others are fearful! - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
GRTUSD (Not Suggested)#GRTUSD #GRTUSDT
The moving average is above the candles, so the price might drop to 1.4 then to 1.02 otherwise if the candle breake the top trend the first target will be 2.1 then to 2.84
GRT ready?GRT had been in what i think may be a falling wedge or maybe bullish penant, what i see is GRT got rejected from the top of the pattern around the 3rd week of FEB then once again around the 2nd week of March. Around the beggining of April GRT tried once again to break out were it seemed determind to get above that resistance and it did around April 9th, thats where it had a nice pump to the $2.18 area before BTC came down so did GRT along with most ALT's but the top of the wedge/penant has held so far and GRT has not closed a day candle below it so far. Not sure if i did it right but GRT may of completed a A,B,C,D,E correction, the day candle chart stoch RSI indicator is reset and the 4hr chart put inn Bullish divergance on April 20th. I'm seeing good signs but I'm not an expect at TA so take my idea with a grain of salt, all comments welcome thanks for looking. Stay blessed
Bullish for GRT Ive called this tokens bull run and predicted the top at $2 before the crypto crash; if you listened to me you made money if you didnt you probably held too long and got burnt.
Im liking the way this token has bounced back off those bottom out levels today and am switching from the bear gang to bull for this spot.
The GRT Based on my technical analysis of the Graph there's an opportunity to enter long, I expect it to maintain the upward surge to the next section.
Good luck everyone!
Graph taking a beating Just fallen below fibonacci bottom out level this is bad bad news for $GRT holders.
NOTE : I called this out yesterday on my private ideas but did not publish.
Buy GRT here or a little lower this is the bottom As seen in the harmonic patterns, we will approach the second target soon.
Graph Token Going to be a huge game changer for smart contracts and developing tech alongside chainlink, this token takes a massive hit but im not yet going to jump into the dip. We are anticipating that crypto takes yet further losses along this trend.
Will provide updates to ongoing price analysis of GRAPH TOKENWe want to see which direction the coin commits to before we make a final judgement, with that being said if this breaks its support levels we could see a bear trend down to even lower lows and a better buy in point before the coin recovers its losses.
GRT to THE MOON! | $20 next target | JBWeeklyPredictionWe're at the beginning of the 5th wave.
I am expecting extensive wave 5 up to the curve of the fish-pattern. (if it goes parabolic, it can reach 68-100)
Next targets: $15, $20
Entry by the market.
Hold up to $20 as next final-shorterm target.
See you!
