Grtusdt
GRTUSDT🌟this alt break its sideway area which was recently formed and just pullback to its previous channel to regain its power to go for its current value which is why we believe its undervalue at the moment
🌟a pullback is one of the most safe and clean spot to enter a position in a chart
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AGGRESSIVE TRADERS ALERT!!!Folks,
YES, YES. We are here with the GRT/USDT chart..
We have seen multiple 50 day MA test before and the price withstood these tests.. Even with a bear trap on the line to..
This seems like strength in the test of the 50 day MA.
Lately this has come in combination with what we call the TWEEZER BOTTOM formation in JAPANESE CANDLESTICKS.
This implies of a POSSIBLE trend reversal pattern..
Grt considering exploding upwardsim not buying right now into resistance.
But im watching this closely, because this can explode to.. even 10 dollars
if we get a retrace to near the lower blue line im buying. if we break the line, and get a retrace bounce - im buying.
this all depends on how btc resolves the 46k area.
GRT/USDT { GRT } - BULLISH SETUPANALYSIS 🔎
- GRT/USDT hit an all time high and retraced.
- The downtrend was bounded in the descending channel.
- Price action printed a double bottom pattern.
- A double bottom is a bullish reversal pattern.
- Price brokeout above the double bottom's neckline resistance and the descending channel's resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- Limit entry: possible retest.
TARGETS 🎯
- Horizontal resistance level (@2.1980).
- Horizontal resistance level (@2.8807).
SETUP INVALIDATION ❌
- Breakdown below the previous swing low horizontal support level.
#GRT, Breaking Resistance with Potential Gains?A quick look at #TheGraph (#GRTUSDT, #Binance, D):
Price broke the 0.7592 resistance.
The 4HR timeframe shows a positive retest of that level as support.
Price may test the next resistance at 0.9547.
To read more about The Graph on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
Thank you and Happy trading!
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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
TheGraph Yes but Waiti was surprised by the weakness of one this big project while BTC was correcting.
No impulse, No rage, No Surprise. Stayed in perpetual weak downtrend for now.
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- So i will give a trading simple way :
- Should wait GRT break his Downtrend and pass 1$ to invest in.
- TP1 : 2$
- TP2 : 3.5$
- TP3 : 4.8$
- The new GRT Bottom should be around 0.45$ but have to be prudent in cryptos.
- In Any of this cases if BTC makes a fast Dip (BearTrap), i suggest you to keep some Cash to get GRT around 0.2$.
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Stay Safe
Happy Tr4Ding !
GRTUSD H16: Best Level to SHORT IT 40% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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GRTUSD H16: Best Level to SHORT IT 40% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses in this market.
🔸 Summary and potential trade setup
::: GRTUSD 16hour chart review/outlook
::: XABCD BEARS setup
::: expecting breakdown soon
::: heavy resistance overhead / rejection
::: BEARS get ready to SHORT IT
::: SHORT/HOLD and exit at +40% gains
::: chart is weak overall
::: recommended strategy: SHORT IT/HOLD
::: TP BEARS +40% gains
::: correction mode soon
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/REVERSAL
::: Sentiment outlook short-term: BEARS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GRTUSDT Swing Trade Setup!GRTUSDT Technical analysis Update
GRT/USDT currently trading at $0.670
Downtrend Line Breakout
Buy level: Above $0.650
Stop loss: $0.570
TP1: $0.75
TP2: $0.94
TP3: $1.11
Max Leverage 2x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.