GRTUSDT trade ideas
GRT/USDT - Descending Triangle Pattern - LONG TradeBINANCE:GRTUSDT (4H CHART) Technical Analysis Update
GRT is currently trading at $0.3942 and showing overall bullish sentiment.
Currently the price has formed a nice descending triangle. Price has successfully broken out from the descending triangle and now the price is retesting. This is a good opportunity for a long trade with decent RR.
Entry level: $ 0.3972 (after retracement)
Stop Loss Level: $ 0.3491
TakeProfit 1: $ 0.4211
TakeProfit 2: $ 0.451
TakeProfit 3: $ 0.4959
Max Leverage: 5-10x
Position Size: 1% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
Attention to the next stepFrom the chart, I see that it has executed three corrective waves, and currently the last slight sideways rise is underway and the strong decline begins again.. All the data is on the chart. Good luck.
In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
GRT | Something is Brewing | CryptoYou can find this crypto is iTrustCapital.com - A crypto I.R.A.
What Is The Graph (GRT)?
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
To learn more about this project, check out our deep dive of The Graph.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.
GRT a simple fact. It's bound to succeed Hello again,
This is a setup that I was able to join later in the game with a position around the $0.25 cents but I do consider that a price of accumulation anyway.
It's a little bit higher now but I see it's got the potential to reach $1 dollar easy. So it's a long for me and I'll see you there at the $1 mark.
Trade thirsty, my friends!
GRT, “The Google of blockchain”... Next to Pump? Sometimes referred to as “the Google of blockchain”, The Graph (ticker: GRT) has just reached a milestone that validates a strong web3 use case – and its adoption.
That milestone happens to be the decentralised protocol hitting more than “one trillion lifetime queries” since The Graph’s inception back in 2018 as a blockchain data-focused project that has deep connections and partnerships right across the crypto industry.
Now, what does “one trillion lifetime queries” mean exactly? To answer that, we first refer you back to an article we wrote about The Graph back in March, and some of the answers Tegan Kline gave us. (Kline is the CEO of Edge & Node, the initial team behind The Graph.)
What is The Graph and what are ‘queries’?
Just a reminder, then, in Kline’s words to Stockhead:
“The Graph is a decentralised protocol for indexing blockchain data and making it available for querying for use in downstream applications, like dapps (decentralised applications) frontends, plots, dashboards and data analytics. It’s used by more than 40,000 developers and powers thousands of dapps.”
By “query” you can essentially take that to mean “search” in a Googling sense.
“The Graph’s primary goal is to make blockchain data accessible by indexing it,” explained Kline. “Google made the internet user-friendly by making it simple to search, and The Graph makes blockchain available to developers by making it easy to be queried. So what Google does for the web, The Graph does for blockchain technology.”
Right then, quick refresher course over with, let’s hone in on the protocol’s news and why it has significance…
Link:
stockhead.com.au
Looking good and promising to me...
The FXPROFESSOR
🔆 Trade Plan for GRT (The Graph) 🔆🔍 Analysis:
Support Found: GRT has potentially found support at $0.333, signaling a possible reversal.
Entry Consideration: Entry at $0.333 provides an opportunity to capitalize on the anticipated reversal, with a clear support level identified.
Take Profit: Targeting the next areas of resistance at $0.419 or $0.485 to capture potential gains as GRT moves higher.
Risk Management: Implementing a stop-loss at $0.3190 helps mitigate downside risk and protect the trade from adverse price movements.
💼 Trade Plan:
Entry Strategy: Enter the trade at $0.333, acknowledging the support level and potential for reversal.
Profit Taking: Consider taking profits at the next resistance areas of $0.419 or $0.485, adapting to market conditions and price action.
Risk Management: Utilize the stop-loss at $0.3190 to manage risk and safeguard against unexpected price fluctuations.
GRT got a Rocket in its Pocket....GRT headed to 0.52 with ease. BTC is gonna bounce from a low of 68k if there is a dip. HODL.
BTC to 94k. GRT to 0.80 after the whales enter.
GRT used for metrics on too many platforms like UniSwap, Coin Gecko, etc... not to be worth 1.00.
Happy Gains... Leggo BULLS!
Follow for more signals....
-Jasdacylon91
Trend Line support, rsi rest: FULL SENDI was always of the mind set that trend lines were almost random, but the more I’ve learned about chart patterns they are very useful.
I’ve had this descending edge pattern for a few weeks now. We broke the pattern and now have retested it perfectly!
Flushed out sellers, resetting the RSI and it will go up to the Next resistance around .63 cents after a few days or weeks of consolidation
GRT BEARISH?Well overall structure is still bullish but we can see some correction which is pretty healthy for the market if you ask me, so why now what's going on why fall, I will give you a few reasons while doing that I will try to keep it simple as always
R1. Structure exhausted- the DB set up in weekly TF is done and smart money traders has left the train waiting until signs of growth or continuation is seen
R2. We saw GRT hit a major resistance very strong supply zone but the lower area of the resistance at 0.4955 the upper of said resistance is at 0.6998 ish area.
R3. This token has been over performing so at point it's gonna get pretty heavy(overbought)
Now despite as this there's always a light at the end of this tunnel it's not all room and gloom, so why keep Faith you ask.
1. GRT is already showing signs of continuation currently a possible bull flag if it changes I will update you guys.
2. Correction leads to more growth and higher price
3. we already in a bull cycle so .....
4. Looking at BTC dominant chart it's going to be nice if it plays out (nice for alts I mean ☺️)
So this growth will continue when the correction breaks out of the flag assuming it uses what we see on the daily currently.
So with this current set up the buy region 0.6 on the fib normally I'd opt for the 0.5 but I feel the buy region would from 0.3000-0.2819 look for buy setup around that areas, will update the chart if anything changes, for now this is what it is saying. Trade safe, lemme know your thoughts in the comments section all questions are welcome.
Alikze → GRT| Swing failureAt time W1, D1 is currently returning in the form of a three-wave movement after a corrective cycle. Therefore, in the range of the green box, after the failure of the swing, it can continue its growth with a pullback to the specified range, at least up to the range of 0.34, and then in the Fibonacci levels, which are areas with supply areas.
🟩Sup: 0.1587 - 0.1953
⛳️Tp 1:0.3418
⛳️ Tp2 : 0.5047
⛳️ Tp3 : 0.8546
-----------------
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️