GRT The Graph: Downside SupportHello friends, today I am completing a technical analysis on the 1D linear scale chart for The Graph ( GRTUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines.
#CryptoPickk notes the following:
1) The Graph price had an all time high in February 2021 and since that point, the price has only came down.
2) Recently due to the #cryptocrash, the price dropped significantly breaking a multi-month bottom trendline (in yellow color).
3) A Trend-Based Fibonacci Retracement is shown with two areas to note - 0.236 and 0.382 level ($0.34-$0.45 area)
4) Both of these area are also support areas shown in the green color lines.
5) The Volume Profile (VPVR) is also heavy around these two areas.
6) The RSI (relative strength index) is about to touch the oversold region and the Stochastic RSI (Stoch RSI) is in the oversold region).
7) There may be a point of consolidation or short-term price increase before prices may come down further. Stay a bit cautious as the economy and market are fragile right now.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Thegraph
GRT The Graph Bottom Trendline Re-testHello friends, today I am reviewing the 1D linear scale chart for The Graph (GRT), a cryptocurrency alt coin.
In the chart I noted:
1) GRT price has been in a long-term triangle pattern since Jan-Feb 2021. The price is approaching the apex.
2) The price recently tested the top trendline of the triangle and got rejected and may possibly re-test the bottom of the triangle again, resulting in a 20% price drop to around $0.70-$0.72.
3) The Ichimoku Cloud is showing green and the price has stayed above the cloud since the end of October 2021. If the price drops, it may only be a very quick wick down for the re-test.
4) The RSI (relative strength index) tested the bottom support trendline and could be re-testing it again forming a double bottom to help push the prices higher.
5) The Volume has not gained much momentum since March 2021 but has not significantly decreased either.
6) The VPVR (Volume Profile) shows support and resistance at the current price levels as well as the potential price drop area. If GRT can manage to break upwards out of the triangle, there is limited resistance above.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
GRT The Graph is looking nice in a simple uptrend tunnel!! GRT The Graph is another crypto on my watchlist that I believe will do even better as time goes on. Currently it has been on an uptrend since the end of June. The price action has formed a nice uptrend tunnel/large broadening wedge that looks like it should continue. Next major area of resistance is around the 1.7 range. I will be monitoring GRT and I hope it finds success in the future.
#GRT The Graph 1D - Big Move Coming!I did a deep dive on GRT to figure out if we are in a possible next leg up. GRT was in a symmetrical triangle on this chart but inside that triangle it was in a falling wedge pattern until it broke out recently. GRT is above the ichimoku clouds and over the 21 ema on the daily now. I noted a few resistance areas along with showing a fractal from the prior pump.
RSI and Stoch RSI show the possible move up is ready.
Market Cypher shows a green dot.
There is a nice double bottom formation on the trend line that was formed since May 2021.
My biggest concern at the moment is if BTC hits the ATH and creates a double top pattern and starts to move down. This would not be good for GRT or any other crypto.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Graph: When Web3 hype come to this blue chip?GRTUSDT is drawing a giant symmetrical triangle on log scale, as well as a cup and handle pattern. It is stablized above 3D 21EMA. When it breaks out we are expecting a new ATH then 15-20usd by the end of this cycle.
Fundamentally, the Graph is an infrastructure really needed by blockchain world and Web3 era. It's like chainlink to the DeFis.
After play2earn and metaverse, Web3 hype will surely come. Don't miss the train.
#GRT The Graph 1D Chart Breakout ready?The Graph (GRT) is one of the top 100 cryptos but it has been on a downward trend within a triangle pattern for many months. It seems we are near the apex of the triangle.
Taking the flagstaff from the last pump and moving it to the breakout area, it seems that the 1.618 fib may be reachable.
Also considering the fractal pattern from when GRT launched, we may be able to see massive gains.
Coinmarketcap on GRT: coinmarketcap.com
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
$GRT weekly very close to breaking out$GRT has been off my radar for most of the year since I sold the last of my trade during the February run up but it's starting to show signs of life here.
Touching the long term downtrend line on price and the RSI has (for now) broken its downtrend line as well. MACD histogram is also rising.
Firm break of the ~1.00 zone then last resistance around ~1.10 should send this bad boy back up to 1.60+
GRT 10x move incoming?Could the Graph be setting up for a massive move?
GRT has been consolidating since February and has formed this massive triangle.
A breakout from here has targets past $10. It has yet to retest it's all time high which would also move us to $3.
Still relatively small market cap. Important use case and has massive potential as a blockchain indexer.
GRT/USD - The Graph is lining up perfectly for a breakout! 🚀Key Support level: $0.70
Key Resistance level: $0.85; $1.24
The Graph (GRT) has consolidated in this large blue pennant since establishing its all-time high at $2.88 in February 2021. The price is reaching the end of this formation and a breakout is likely before November. Until that happens, GRT is constrained by the current support ($0.65) and resistance ($0.85) levels. The indicators are turning very bullish as well, giving confidence that a breakout is in the cards.
Technical Indicators
Volume: Volume is stable and any break above the current pennant will trigger a bull rally. If that happens on increasing volume, the breakout will be confirmed as soon as we close above the pennant with a green candle on the daily timeframe.
RSI: The RSI is curving up on almost all timeframes. This indicates a bullish price action and the price increase will only accelerate once we break away from the pennant.
MACD: The MACD on the three-day timeframe just crossed to the positive side. The last time this happened GRT doubled in price from its support line and rallied for a month (July-August). This makes a price above $1 very likely in the near future.
Bias:
Bullish. The current price action shows a clean break above the pennant is very likely which can be followed by a rally towards the next resistance level at $1.24. If the price breaks away from the pennant, it can also experience a throwback to retest the previous resistance (currently at $0.85). If that is successful the previous resistance will act as support going forward. On the other hand, a failed breakout will push GRT back towards $0.70.
Short-Term Price Prediction for GRT Price:
As soon as the breakout takes place, GRT should quickly push above $1 with the first resistance sitting at $1.24. The all-time high is still quite far away today, however, a strong rally on increasing volume after the breakout could quickly narrow the gap towards $3.
GRTUSDT Daily TimeframeSNIPER STRATEGY (new version)
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ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
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HADIMOZAYAN
The Graph (GRT) Update 17/10/21: 260% Gain back to the ATH The Graph (GRT) Update 17/10/21: 260% Gain back to the ATH @ $2.88 from the current price level. Since reaching its ATH on 12/02/21 at $2.88, The Graph has experienced moderate retracements in the range between the 38.20% fibs and 78.60% fibs from 12/02/21 to 12/04/21 (from $2.88 to $1.39 50% drop before the May crash). As we saw across the whole market, GRT was heavily affected by the May crash as we saw a lot of fear and panic in the market. More importantly, since hitting its ATH after being shortly launched (18/12/2020), The Graph has not yet even recovered from the retracements between 12th Feb to 12th April, instead The GRT had a further 65% drop from $1.39 (17th May 2021) to $0.48 (20th July 2021). During this downtrend The GRT has retested the bottom at $0.48 3 times forming strong support at the $0.48 price level and a bullish triple bottom chart formation. From the current price we expect the 13EMA to cross up above the 50SMA signalling a Strong Buy Signal for GRT with a potential of 260% gain back to the ATH from the Buy Zone. Please find Our Key Price Targets Below:
Short-term targets
🎯$1.68 111% Gain from the current price
🎯$2.88 260% Gain from the current price
EOY/Q1 2022
🎯$6.76 756% Gain from the current price (261.80% Fibonacci level)
🎯$10.64 1232% Gain from the current price (423.60% Fibonacci level)
$1K investment at the current price would give you a value of $12,320 when The GRT reaches the full fib extension at $10.64. Use Buy Zone to map your entry. Happy Trading :)
#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!