GRTUSDT trade ideas
$GRT :: Long Term AnalysisFrom here, the price can go up to the $0.2445 range.
Then it seems that we should have another correction from that area, which could probably be the last correction in this downtrend.
The price can go as low as $0.1. I think $0.1 could be worth buying and starting an uptrend from there towards the $0.7 target.
Of course, if we want to carry out our trades based on speculation, it will not have a happy ending. This is just an analysis and the analysis should be updated in each of the price levels according to the general market conditions.
On this date, such an analysis can be taken from the price chart.
LongEntered a Lon trade on GRT. The 4h is extended on the momentum. The 30m has a large red dot while resting on GP support. The 3m is printing a divergence and MF is curving upwards. My take profits and stop loss are marked on the chart. I might have put my SL to tight but it is the only way to make the trade 2/1 risk to reward.
Good opportunity on GRTGRT/USDT (The Graph)
Sector: DeFi / AI & Big Data
Market Cap: SEED_TVCODER77_ETHBTCDATA:2B +
The Graph is a Web3 project offering numerous services, mainly providing data over 50 blockchains, servers for dApps and other automation systems for builders.
The GRT token enjoyed a certain amount of hype during the previous Bull Market and managed to earn a place in the Top 50 most capitalized cryptocurrencies. On the chart, we can see a long accumulation pattern during the 2-year Bear Market and a consistent first rise at the start of this year.
Like the rest of the market, this token has suffered a decline over the last few months, but this has enabled us to retest the old resistance levels and observe that they have bounced the price back several times. We are now structuring above this key level.
We could briefly go below this new support level and then go back above it to form a bullish reversal structure pattern and look for new highs over the coming months.
GRT - Rising bottomsWith rising bottoms, GRT rewrites a new graphic pattern, deconstructing the figure of the descending channel
Pattern: The price is approaching resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is at 0. Once the price breaks above the resistance, it may move towards the next resistance level at 0.2529. its support zones are: 0.1963 and 0.1875
The short-term trend is bullish.
GRT GRT was moving aggressive upside. But GRT chart not showing any reversel scenarios.
So If GRT break order block (1), GRT moving upside. If not break, GRT moving downside. Order block (2) was not much probability. Because GRT still the trend was bearish.
GRT mitigating daily timeframe order block. So some downside possible.
GRT ANALYSIS (6H)From where we put the red arrow on the chart, it looks like the GRT correction has started.
The correction looks like an ABC pattern where wave B has become a triangle.
Now it looks like wave d of B is completed and we have a pump on the way for wave e.
Closing a daily candle below the upper green range or above the upper red range will cause a pump or drop violation
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GRTEver since trendline from prev post was broken we slid down quite a fair bit...
i see 2 overlapping FVGs waiting to be filled above and a possible double bottom which might indicate a reversal toward the upside for now.
Taking a long here, looking to close the gap above. Stop below recent lows.
first target is to push past orange bearish breaker then FVG above.
all these being said BTC needs to bounce from current prices to fuel up everything else. if we tank from here everything will bleed further. Stay safe everyone
GRTUSDT-Falling Wedge FormationDear Traders,
We are convening a discussion focused on #GRTUSDT
The Falling Wedge Breakout Has Already Done ✅
So,I am Expecting a Bullish Move of 20% 🚀😉
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