$GRT forming symmetrical triangle$GRT is forming a bullish pennant. If it breaks upwards to the 100 for 5% gain then it should dip a bit to retest and then shoot up to the 1618 again for a 23% gain.
GRTUSD trade ideas
GRT/USD Strong Support / Resistance in $2.25 - $2.45 RangeAfter a painful night, we're back at the $2.25 to $2.45 support / resistance range from yesterday. I think we'll continue trending up to new ATH early this week as BTC continues its push to $50k. Welcome thoughts and feedback.
Potential for The Graph GRT to climb 150%Breakout from the high and tight flag pattern appeared to happen, but then the price has dropped - but not lower than the start of the flag pole, so the potential is still there for the graph to climb higher. One worth watching.
Grt putting a show on barely any volumea better analysis tha my last one, finally broke out of the triangle as it has tried to before but let's see what happens
GRT BULLISH FLAGHi everyone
I know this dip made everyone's hearth jumped and those of us who has been in crypto for a long time got excited for this opportunity to buy more. We tested the bottom 2 time and both dips bought up very quickly.
We have a bullish flag pattern being formed as I am writing this.
The main thing to look for in this pattern is volume. Volume confirms major moves and the likely hood that a breakout will be successful. The second thing you have to look for is a defined descending trend line that you can watch as the point of breakout. This will be the top part of the flag
Bull flag patterns do have a statistical edge if traded correctly but in the event the set up fails you need to know where to get out. There are a couple of different ways to manage this trade. The most common is to place a stop below the consolidation area. The other way is to use the 20-day moving average as a stop. So if prices close below that moving average then you would close out your position.
Happy Trading
Burak
The Graph Reaching Possible 38% GainHere is an opportunity to go long with GRT/USD and fetch a potential 38% profit! Remember to wait for the support re-test after break-out and trade with a stop loss and keep your eyes on the target. And as always: patience, patience, patience. Follow me for more lucrative targets which I try to post regularly. In each trade, I count the Elliott Wave tops and bottoms and measure the profit extensions according to the chart patterns' highs and lows. When navigating the cryptospace, I personally like to use a solid 13/48 EMA crossover in conjunction with the MACD for double-confirmation. Safe trading to all!
GRT: Is the Correction Over?After GRT's massive pump, it went into a correction phase which has formed a descending triangle that touched twice around $2.15, which is usually more of a bearish signal. Support holds around $2.12. If support breaks in the next day or two, then we could fall to $1.80 or lower. If the bulls are strong enough, then we could pop back up to our next high.
GRT/USD BTC/USD Delayed Correlation I noticed that if you place the BTC/USD trend on top of GRT/USD there is a correlation with a delay. Just an observation.
GRT/USD Chart Update - Bullish Trend PredictionLooking at the 2H chart, we can see the potential for an end to the retracement phase after finding support around the $1.89 price range. The dotted lines indicate an updated prediction for the next bull run. Breaking resistance at $2.33 range and $2.90 range will be critical to continue the bullish trend longer term. If the trend continues, looking at $3.90 - $4.00 for next price target. I have no idea what I’m doing, follow my advice at your own peril.
Be careful chasing The Graph It's been a great week for The Graph. While I do think it will continue upward to complete the cup pattern, I suggest caution. Volume has started to pick up, however it's trending towards daily exhaustion. Current levels aren't huge accumulation zones so I would recommend either a short term play with an exit around the previous resistance zone of .80. Or if you are long this Ethereum token I would wait for this current upswing to play out and then wait for it to pull back and consolidate into a cup with handle. You could then consider jumping into the mid to high .30 zone which have generally held support and are significant accumulation zones.
The Graph Triangle Pattern (GRTUSD)The price can break out of the triangle upwards or downwards.
I will only open the long position after breakout, confirmation and an increase in volume.
Not financial advice, cheers ✌️💫🚀 .
GRT/USD Next Bull Run?Welcome thoughts and feedback. I think the next bull run will get us at least to $4.00 before the next retracement. Not an expert, do your own due diligence.
Is GRT gonna go into price discovery mode again?From the looks if it, GRT has formed a nice support on the old resistance line and looks pretty comfy. I’m just speculating, but seems this baby will break out to the upside sooner than later. Then-another PRICE DISCoVErY!! Hold on to your britches! *I don’t know anything, this is all just speculation. Do ur DD and take everything with a grain of salt!!
Bullish Pennant?Looks like a Bullish pennant forming on the 1,2 & 4 hour and the breakout looks like it'll take us the next fib level @ $3.96usd
along with the hidden bullish divergence showing on the rsi, I'm pretty confident we're going up.
I'm new to charting, Thoughts or advice are welcome.
The GraphMy analysis says this will keep on ranging on the specified levels shown. This will take days fueling itself before another leg up.
GRT.USDT (Y21.P1.E2).Looking promisingHi All,
A continuation of the previous post, link supplied below
I'm not that confident with the BTC gray cloud hanging over us but I'm there is a possibility BTC will hold and hence open the door for the ALTs for a little longer.
I"m waiting for some more clues before jumping in more... I bought the dip.
I will update this post as things develop.
All the best,
S.SAri
PREVIOUS POST
GRT: Is anything left in the tank?After an unbelievable run last week, GRT is taking a breather. On the hourly chart, a descending triangle is forming. Looking at ADX/DI, the trend seems to have lost steam at the moment and taking some time off to decide which way to go. Now, two things need to be watched for the next few days.
1. If the triangle is starting to break downwards, it needs to do so with volume. Otherwise it can be a bear trap. If the break happens on low volume, need to wait for a confirmation, which means waiting for a bounce and a failure with continuation downward.
2. DI plus and minus both are sitting on 20 mark. One of the two needs to perk up and beat the other one down. As ADX gains its upward slope the trend will strengthen towards whichever of the four scenarios play out next.
a. DI plus moving up with price moving down could mean a bear trap. If the triangle breaks to the downside, but a bounce brings price back into the triangle could mean price is not done going up
b. DI minus moving up with price breaking up could mean a bull trap. If the opposite happens and price breaks up and falls back into the triangle and breaks the triangle to the downside, then slide time
c. DI plus moving up with price moving up could mean gearing up for space run 3.0
d. DI minus moving up with price breaking down could mean party is over for now
If price breaks upwards then look for the FIB extension areas for the next bump on the road. If price breaks below look for FIB retrace areas for bounce play and ultimately a support to the boxed area. Let's see what happens.
GRT SECOND PULL BACK THEN NEW ALL TIME HIGH?Hi everyone,
Hope everyone is doing great. Sorry I been busy with work so I wasn't able to do TA and post it for a while. What a run it was!! GRT did good. We now need that healthy correction. I am thinking Grt will pull back to $2.09 price levels before it takes off again.
Happy Trading
Burak
