GRTUSDT trade ideas
#GRT/USDT 12h (Bybit) Symmetrical triangle breakdown and retestThe Graph got rejected on resistance forming a shooting star with an overbought RSI, retracement down to 50MA support seems in play.
⚡️⚡️ #GRT/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.8X)
Amount: 5.0%
Current Price:
0.12445
Entry Targets:
1) 0.13580
Take-Profit Targets:
1) 0.10715
Stop Targets:
1) 0.15015
Published By: @Zblaba
CRYPTOCAP:GRT #GRTUSDT #TheGraph #AI #Web3
Risk/Reward= 1:2
Expected Profit= +80.2%
Possible Loss= -40.2%
Estimated Gaintime= 3-4 weeks
thegraph.com
Current vibeWe need a motive wave to have something constructive and reliable.
I would think its only 1 of an ending diagonal if its an ending diagonal.
However, it doesnt have to take half of the august for this to find its feet.
Its just a represenation of a supposed further developement that should play out all in 3 waves.
Looks like an easy game playThe move downwards looks definitly corrective.
The motive (expanding diag ) is not as strong as an impulsive wave. but still it is what we need to make things go higher.
stops arent far away. Invalidation of a motive wave is also a a potential stop loss zone .
Send it. If everything goes, this can.
TheGraph - 500%UP? Follow unicorn!A few days back, we observed an attempted breakout that resulted in a decline in prices until now. The downtrend has persisted for over 175 days, but thankfully, we have identified a reassuring trend line with two robust supports.
Currently, there's a shift in character from a downtrend to an uptrend, as evidenced by the formation of higher pivots. Nevertheless, it's important to note that this change doesn't automatically guarantee a price increase.
+1.2 USD soon?
DYOR
🔥 GRT Patient For Break Out: Pump Potential!After a huge pump earlier this year, GRT has largely been trading bearish and losing value. However, a break out through the dotted diagonal resistance could be the catalyst to set off another pump for this token.
Target placed at the 2023 highs, stop just below 0.12$. For a less risky trade you could take (partial) profits around 0.17$.
GRTUSDT wants the breakout?GRTUSDT is currently exhibiting a specific price pattern, with the price confined within a falling wedge on the daily timeframe. This falling wedge is formed between larger weekly structures, indicating a potential significant price move in the future.
According to Plancton's rules, the price would ideally need to create a breakout from the falling wedge pattern and subsequently retest this breakout level. This retest is crucial as it confirms the validity of the breakout and provides an opportunity for traders to enter new long positions.
Traders following this strategy would look for signs of a breakout above the upper trendline of the falling wedge, followed by a pullback to the breakout level for a retest. Upon successful retest, it could signal a favorable entry point for new long positions, anticipating a potential bullish move in the price of GRTUSDT.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
GRT - Correction not done yet
The initial target for wave C, which I posted back in March, has been reached.
But... the lack of RSI divergence (even in the 4H timeframe), and the absence of a higher high, leads me to believe we will still have another leg down.
A possible target would be the green support zone at 88.6% pullback.
GRTUSDTThe current situation of BINANCE:GRTUSDT (Graph Token) is as follows:
A few days ago, we witnessed an unsuccessful breakout that led to a price decline up to this point. There has been a downtrend lasting for more than 150 days, but fortunately, we also have a supportive trend line with two strong supports.
we have a change of character from a downtrend to an uptrend, and we can confirm this with higher pivots that have been formed. However, this doesn't necessarily imply a reason for the price to go up.
In my opinion, a price of 0.105 could be a reasonable buying price with the target of retesting the downtrend line.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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The Price Level That We Desire to Be Long GRTOKX:GRTUSDT.P
We used the manipulated price movement for the completion of the bearish harmonic pattern and we were successful.
Now we are ready to be long by using T618 and moving average support.
We have a little price action but maybe it is not enough for now, however it is all up to you with your risk management skill.
Good Luck Everyone.