GRTUSD Testing the 1D MA50. +50% profit opportunity if it breaksThe Graph Token (GRTUSD) has been on a strong 2 day rise that made it hit the 1D MA50 (blue trend-line) again, where last time it got rejected. Being within a Channel Up for the majority of the year, it may be time for the pattern to break as GRT has formed on the 1D time-frame a bottom pattern similar to that of June - July 2021.
The LMACD just formed a Bullish Cross and that pattern pushed the price above the 1D MA50 last time on a rally that topped within the 0.5 - 0.618 Fibonacci retracement zone and just below the 1D MA200 (orange trend-line).
This time the 0.5 - 0.618 Zone is around 0.6368 - 0.7591 but the 1D MA200 lower at 0.6081 and dropping. If a price breaks the 1D MA50, I expect an equally strong rally towards the 1D MA200. From today's levels, that represents a profit opportunity of roughly +50%.
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GRTUSD
GRT - Your time has come, Enekin!🥊- BTC bullish
- Trend bullish
- Lots of touches
- Level visible on daily timeframe and under
- Over VWAP
- ATR 50
- False breakout happened
- When print will go faster and base on 5m tf near the level will appear, I'll enter
Close by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
The rest we keep to reach maximum potential
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
$GRT ready to fly $GRT one of the best ALT :
As per the chart :
We have a strong resistance level at 0.7742 as a daily resistance which should be broken so that we can see a new ATH for GRT however , it should not be traded under 0.3172 the golden support level; I can see that GRT can do the same like the greatest explosion on 31 Jan 2021 once GRT jumped from 0.7742 , it reached to 2.8$ (ATH)
It is not a financial advise
#GRTUSDT looks prime for 60% Rally!Welcome to this quick GRT/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members welcome to GRT/USDT 12hr chart update by CRYPTOSANDERS
As we can see from the above-mentioned chart that GRT/USDT created the head and shoulder pattern and broke the neckline and retested so in the current scenario we are expecting that get will go up all the way to $0.69000 means almost 60%.
So if it moves to the green zone again then it will be the zone to go long on GRT/USDT
entry:-$0.46330,$0.49780
target:-50% to 60%
stop-loss:-$0.42240
with leverage 5x to 10x
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
GRT long for May in 1.50$This graph is for weekly GRT, which indicates 100% that it will be by mid or end of May at $1.50.
If you buy today, you would have a good profit for that date.in the weekly chart, because it is very long, it indicates that the red valley ends where the green one would enter with the indicator SZQMOM_20 gives 100% forecast of the rise.the other indicators are unstable you can only see the constancy of the rise in the weekly chart.you can clearly see the rise of the red valley to go to green and if we compare with bitcoin it goes at the same rate, which leads to the momentum of this currency
GRT, short-term 50% profit marginGRT recently completed the platform oscillation in the 0.316-0.347-0.38 area.
The current price is around 0.42.
Short-term pressure support: 0.38 0.425 0.525 0.591-0.776
It is possible to fall back and consolidate in the 0.38-0.425 area.
After the breakthrough, it will go to the upper pressure level.
Operation suggestion:
-Spot goods. The current range of 0.38-0.42 will enter the market in batches, break below 0.34 and 0.31 to stop loss in batches, and the range of 0.52-0.59 will release the principal in batches, and the profit will remain for a long time.
-contract. For small positions, the strategy is similar to that of the spot, and the profit can be transferred to the spot and kept for a long time.
good luck!
Is the downtrend for GRT done?Here is what I see with GRT at the moment:
The bullish:
1) The green box I have drawn is GRT'S last key zone of support. I am getting this from the touch that GRT made shortly after launch and proceeded to rally over 1000%. Ever since then we have yet to re-test this box.
2) We have daily bullish RSI and MACD divergence. Always a good sign.
3) We have been in a downtrend for a very long time and have pretty much re-entered the price zone that the coin launched at.
4) It appears we are starting to break above the ema ribbon. The spread is also relatively small. A good sign.
The bearish:
1) We have a 60% ichimoku cloud above us. I have to suspect this will offer some sort of resistance, especially since we have yet to test it during this year long downtrend.
2) The red box marks a key area of resistance for GRT. This area lines up relatively well with the ichimoku cloud, supporting the idea that we will likely see resistance in this range.
3) I suspect the 200 daily ema will enter this range around the time GRT hits it, that is, if it does. This strengthens the previous two points even moreso.
4) Volume is pathetic
My take:
This is a bit of a risky play right now as GRT is heading into some substantial resistance. I still suspect some upwards movement in the short term, but only into those resistance levels, however I suspect something like scenario 1 will play out, especially if the overall market sentiment turns around in the next couple of months which I believe is to be expected.
If we lose the green box we will likely set new all time lows for GRT. Since it has lost so much of its value already, i'm inclined to believe that this wont happen.
If I were to go long I would wait for a retest of the green box, potentially after the resistance levels reject GRT.
Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
💡Don't miss the great buy opportunity in GRTUSD @graphprotocolTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3655).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GRTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 0.4237
TP2= @ 0.4702
TP3= @ 0.5128
TP4= @ 0.5612
TP5= @ 0.6260
SL= Break below S2
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💡Don't miss the great buy opportunity in GRTUSD @graphprotocolTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3655).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GRTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 0.4237
TP2= @ 0.4702
TP3= @ 0.5128
TP4= @ 0.5612
TP5= @ 0.6260
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️