GRTUSDT trade ideas
GRTUSDT wants to retest the weekly resistance?GRTUSDT is forming a new inverse head and shoulders pattern, which is a bullish reversal pattern. This pattern is formed by three lows, with the middle low (the head) being lower than the two surrounding lows (the shoulders). The pattern is complete when the price breaks above the neckline, which is formed by connecting the highs between the shoulders. The inverse head and shoulders pattern suggests that the market is transitioning from a bearish trend to a bullish trend, and traders often use it as a signal to enter a long position.
The 0.786 Fibonacci level is a key level for the market, as it represents a significant retracement level. This level is based on the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones. The 0.786 Fibonacci level indicates that the market has retraced approximately 78.6% of the previous bullish impulse. This level is important for traders as it can act as a support or resistance level depending on the trend direction.
According to Plancton's rules, if the price breaks above the 0.18 USD area, a new long position until the 0.24 USD level is possible. This rule suggests that the breakout above the 0.18 USD level could signal a bullish trend continuation, and traders may want to consider entering a long position in anticipation of a potential price increase.
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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 🦐
✴️ The Graph | EW Basics With Potential Targets (0.395 & 0.555+)Here we the chart for The Graph (GRTUSDT) and I can easily spot a flat (3-3-5) correction based on Elliot Wave theory.
This tells me that a bullish impulse (5-3-5-3-5) should follow as shown on the chart.
The wave count is just for illustration purposes as the shape of the wave is quite unpredictable, the levels though are easier to predict.
So far we have the first and second waves complete and expecting the third wave which is normally the strongest in volume.
After the low was hit in November 2022 we see an increase in buy volume, this support the change of trend.
The RSI hit its lowest level ever and is now back in the green.
Namaste.
GRT T-PATTERN & S&R>>>>>>>>>>
I Have Tried My Best to Bring the best Possible outcome in this Chart.
In case GRT price's can Hit and Stablize above COTI top lin of Triangle Pattern's
We have a good opportunity for buyiying position to marked target profit in this uptrend.(red marked zon_strong supply)
PLZ do your own review and set stop first.(alway's buy in correct)
Must important level's marked on the chart.(scroll your mouse on the chart)
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>>>>>
Grt Looks Promising Here Grtusdt
Symmetrical triangle pattern breakout confirmed
Attempting to breakout horizontal resistance 8h time-frame
Higher time frame seems like firming descending channel
Overall incase of breakout expecting 30-40% bullish move for short term
Expecting 100-200% Bullish move in midterm
Risk under your controll do your own reaerch
🔥 GRT Double Triangle: Pending Break OutAs seen on the chart, GRT is currently trading in a short-term and long-term triangle at the same time. As of new, GTR has broken out of the yellow minor triangle.
With BTC edging up, I'd wager that we're going to move towards the purple resistance of the bigger triangle.
Depending on BTC, we can break out or reverse. Longer-term I'm anticipating a break out, targets in blue. Be patient for the break out to occur.
GRT LONG AND SHORT TERM!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
WHAT'S NEXT FOR GRTUSDT
As we can see price broke above our major swing high and traded higher, so from a long-term perspective bulls took over.
So we will be looking for new longs as a trend following one.
For the bulls to kick in from a medium-term perspective we need a break above the marked upper bound, then a movement higher would be expected.
Until that price can still trade lower, and as the price will be approaching the lower support zone, we will be looking for new longs.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
GRT is on the verge of BreakoutGRT or the Graph is going to breakout soon. Now, it is squeezing in between the diagonal trendline and the 200 EMA support in daily chart. I personally think the trend has already changed as the recent furious breakout just retraced and 200 EMA support is holding it in an obvious way. This is a good spot to go for long and the R:R is pretty good. This is a text book setup. Best SL should be below the most recent pivot low below 0.1 usdt
The Graph (GRT) Breaking triangl, moving in upward channel Clearly whats going on.
GRT recently conducted a backtesting of the support supply line of this channel and may be gearing up to resume its upward movement. There is a possibility that it could make a retracement, which would result in a price of $0.62. and more!