GRT H&S BreakGRT broke out of inverse head and shoulders pattern. Should see some resistance at 200 MA here on 4hr. Short term target $2.15
GRTUSD trade ideas
GRT/USD - Correction got more correctiveAlthough we were already positioned for a breakout in the previous upleg, we got out for a brekeven when it retraced fully. It seems like the daily correction got a bit more complex with (hopefully) a completing C wave that may mark the bottom. The target remains the same.
May this one be a lesson - a bullish correction can always go a tiny bit lower before breaking to the upside. Any time it gives a go to break the top we should already be in the trade from lower.
GRT possibly repeating previous structureGranted there is not a lot of past data on GRT, but I've been trying to find a solid bullish pattern that GRT is forming; unfortunately it has continued to break to the downside. Finally, there may be something there for those GRT fans like myself.
Surely this is a bit of a speculative idea, but GRT could be retracing from the huge pump back in February in a similar pattern to its prior pump back at the start of the year. The last time it bounced off of the lower green trendline (left green arrow) and the MACD crossed shortly after, the huge pump ensued (>1000%) as it broke out of the bullish pennant. Since then, I think it has been following a similar downward trend down to the same trendline bounce and it seems the MACD is ready to cross over if we can get some green candles in the next few days up to $2, it may pop higher.
I believe it was going to do this back on April 15, but BTC dumped and all coins followed, and GRT extended this bullish pennant that it is in.
Now I definitely do not expect the same >1000% move as last time seeing that it was also listed on Coinbase around the same time as the breakout, but I could see a move upwards of 100%-200% by the end of May if it plays out accordingly.
Like I said, this isn't necessarily traditional TA, but I seriously think it could play out given all-season is underway!
After all, this is crypto...
Let me know your thoughts!
PT:
1. $2.90
2. $3.30
3. $3.85
GRT Long PredictionBased on the RSI, MACD, and chart patterns, I believe the price will break through resistance at $1.63 in the next few days, and then continue to hit $1.83, pullback, and then break through that resistance to finally bounce off of key resistance at $2.15
GRT going to break a lot of hearts We've seen incredible volatility from this token in the past and are expecting the same from it in the future but is this the truth? Im thinking this coin will spend a long time trading sideways if not making new lows right now while its still in an uncertain zone.
THE GRAPH -GRT - BULISH STRUCTURE-PRICE BREAK TRENDLINE,BREAK PREVIOUS LH,CREATE HLHH,BULL ABC PATTERN
GRT: Try, try again!When $1.33 level broke on GRT last week, I was bracing for a freefall. To my surprise, it got support at the little tiny structure between $1.12 - $1.15 from early February. Now that we have a potential reversal, need to watch the fib levels carefully. Volume is a concern. This looks like a short squeeze, rather than strong buying. If it is a short squeeze, then .618 level will be a key resistance and the price might unravel from there. If price drops again, but the blue box holds, it could make some inverse head and shoulder or cup and handle type pattern and that will be super bullish sign. If blue box provides no support, then $1.26 will be the new level to watch. If market as a whole drops and takes GRT with it, then the little tiny structures will not hold. so, in summary:
Bullish things:
1. 4 hr stochastics have moved into bullish territory
2. RSI and MACD looking good
3. 21 period EMA catching up to 50 period EMA. a cross would be really good
Bearish things:
1. Approaching .618 bearish retrace
2. Volume is not very convincing
3. (Not in this chart) BTC dominance dropped quite a bit and might be getting a bounce. That will hurt all the alts that were enjoying some gains against BTC. If structure breaks again, it will not hold
I started to nibble when price moved above 21 period EMA on 4 hr with tight stop loss. I will be adding more at each fib level and set trailing stop loss to protect the capital. Trade carefully out there.
Is GRT going to follow MATIC?GRT looks similar to what MATIC prior to big jump. Spike up, longish consolidation... what's next for GRT?
GRT/USD Might be ready for the bull run againThis one is reverting in the lower timeframes, I've added a small position and will add more if the reversal is confirmed
GRT/USD - potential lower targets before bull resumptionThe Inverse Head and shoulders was invalidated unfortunately. Some think this is a potential triple bottom.
From here, if Bitcoin does not decide to push upward - and instead at least goes to test the 20 week moving average - I could see another potential 35%-ish down from current price levels for GRT/USD based on Fib levels, as there is good confluence around 80 cents.
This is IF Bitcoin doesn't find support here, and continues to face a correction.
Otherwise, we should be very optimistic, as GRTUSD has already faced a nice cool off phase.
The FUTURE of The Graph (GRT)As you can see, no clear demand zone has been formed during the last BTC pull-backs on The Graph chart.
Although this token can be considered as a good long-term opportunity because of its use-case and low market capitalization, we could face a big sale in the medium term.
The Graph was promoted with pre-sales of the token at less than 5 cents. Early adopter's tokens were blocked to avoid massive sales during the bull run and to allow the possibility of integrating this technology into other interesting projects.
The massive gains it has made since that point, and the fact that it is estimated that most of these early investors will be able to sell their tokens around May, could trigger the medium-term sell-off that we warn.
Faced with this situation, we could have two scenarios, if BTC recovers its previous all-time high, it could boost the capitalization of the entire market, and after the fever of possible sales in the Graph, we could catch purchases at a good price. On the other hand, if BTC dominance continues to fall and the major Altcoins continue their bull run in the coming weeks, GRT would be left at its lows until the next season.
This is not a recommendation for you to sell, or to place short on futures, but an analysis to project purchases at the best possible price. We consider that this token could have a brilliant future in the long term.
If you want to receive daily insights like these, check our socials!
All the best, Alkaline.
GRT is at the launchpad! @SmileyTradesHello Traders!
Hopefully you are all well and have survived the recent selling pressure! Lots of setups are in action but this one on The Graph looks amazing! The Channels and Fib lining up is nice.
Key levels on the chart! Price shall do the talking here ;)
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
The pivotal moment for GRT Called out a nice day trade opportunity to recoup some losses on GRT dip,
Called out a full warning for this stock on the long term price drop that was imminent
Now is the time to really pay attention though, its used its fibonacci levels before to alert a sell point and was correct on that, now here we find ourselves in a similar spot; not yet crossing the lowest fibonacci level however testing it.
If we drop below I will be waiting for a new low to buy in at.
If we hold strong and use this level as support I will be calling this the bottom and buying in.
GRT: Possible Triple Bottom? Panic or Buy?No need for any TA right now since the entire crypto/stock market has taken dumps. You can thank Biden for his announcement of increased capital gains tax yesterday, which largely contributed to this. Not trying to get political here, but that announcement pissed off a lot of wealthy investors.
Any way, for all those who are worried, the bull run is not over in my opinion. Usually a bull run ends when volume has increased to the maximum. Right now, volume is at a decline, so we haven't even started the final stage yet. 30% dumps do not end a bull run, they just help it keep going even longer and stronger. Institutions and whales will gobble up this fire sale in the crypto market and we will sling shot back up once this is all over.
For those who still think it's 100% over, look at the charts for the 2017 bull run and count how many 30% corrections have occurred for Bitcoin before it skyrocketed to $20K.
GRT: and the bear wizard said "You Shall Not Pass"Well, folks, GRT's party got pooped on once again. Just when the breakout looked promising, it back in the rut again. But there are some silver linings to the massacre from yesterday.
1. Price held the primary support line $1.6 area.
2. The bounce brought the price back inside the previous consolidation area. The last consolidation area did not become a resistance.
3. There is still strong demand in the $1.4 to $1.6 region
Now, GRT will need to recover with the rest of the market. If the bear flag pans out, we need keep an eye on $1.33 mark. If the ascending triangle pans out then price needs to decisively make moves above $2, otherwise I will start to think this is turning into dead money. Patience and risk management is the key at the moment. Good luck out there.
GRTUSD-We Must hold this demand zone - Inv head and shoulders We are currently completing an inverse head and shoulder pattern for the graph.
This has been trying on the patience of anyone who'd hoped that the graph would make its next big move within this last intermediate market period.
We have so far successfully held our ground in the final shoulder, where the bears have not been able to move the price below the march low of 1.31. We had a wick down into the 1.40's, where the buyers stepped in. This looks great so far, as it is showing that this is in fact a demand zone.
We need to establish the supply zone above as support rather than resistance. We have been continually stalling around $2.20. This would be the top of the range for the Inverse pattern.
Based upon measurements, once we probably confirm the inverse patter after an initial breakout, we should see an initial 63% move to a 1.618 fib that has confluence with our inverse head and shoulders measurement. This would be around $3.50. There are of course higher targets, but to me this is looking likely in the coming market period, granted that this does not get invalidated.
Initial targets: $2.20, $3.50 once confirmed, $5.30 for intermediate moon shot - and then $7.00+ once the market mania hits later this year if everything goes as planned.
This is just what I am seeing. Personally I think that now is a great time to take a chance with the graph if you like to buy in an accumulation zone.
Thank you!
GRT Update! Its about to go parabolic VERY SOON!!GRT still has LOTS OF ROOM TO GROW! RSI is at the second lowest in its history! Buy the fear! Prepare for a major run.. During the current Bitcoin Consolidation, expect the Altcoins to start running hard!! Prepare for a 9-10x your gains from here!
Altcoin season is here and in order to follow the trend, we must first follow Ethereum's move since it is the king of altcoins.
Check out the Altcoin season chart below (Crypto Total Market Cap Excluding BTC ). We are on the verge of another altcoin super cycle
Altcoin Season is just getting started!! BULLISH CROSS on weeky!
Bitcoin dominance will die down and Altcoins will take over!! Whales/bots/institutions will be moving their Bitcoin ( BTC ) into the Altcoins, meaning Altcoin Season is just getting started.
Money flows like this:
FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.
I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, BTMX, LINK, FORTH, and NKN are the some of the altcoins I am moving BTC too).
Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!
Good Luck!
Be fearful when others are greedy, and greedy when others are fearful! - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
GRTUSD (Not Suggested)#GRTUSD #GRTUSDT
The moving average is above the candles, so the price might drop to 1.4 then to 1.02 otherwise if the candle breake the top trend the first target will be 2.1 then to 2.84
GRT ready?GRT had been in what i think may be a falling wedge or maybe bullish penant, what i see is GRT got rejected from the top of the pattern around the 3rd week of FEB then once again around the 2nd week of March. Around the beggining of April GRT tried once again to break out were it seemed determind to get above that resistance and it did around April 9th, thats where it had a nice pump to the $2.18 area before BTC came down so did GRT along with most ALT's but the top of the wedge/penant has held so far and GRT has not closed a day candle below it so far. Not sure if i did it right but GRT may of completed a A,B,C,D,E correction, the day candle chart stoch RSI indicator is reset and the 4hr chart put inn Bullish divergance on April 20th. I'm seeing good signs but I'm not an expect at TA so take my idea with a grain of salt, all comments welcome thanks for looking. Stay blessed
