It'll shoot up again. My target is 5.0A new pattern emerge when it broke the falling wedge pattern. New target 5.0 in a couple of hours
GRTUSD trade ideas
GRT/USD Projection to $1 GRT play to $1! I'm currently buying the dips. I think the next one will be around 0.65!
Lets make sense of what has been going on in GRTSo, as we can see and as I had tried to analyze in my previous ideas, it did break out of the channel, but we did NOT get as good a boost as one would hope.
In this idea, what I want to do is go over the possible scenario that might make sense for what has been going on with GRT in the past 2-3 days!
What I have come to realize is that I might have been trying to mash all the data into a single channel, rather than making sense of the bigger picture. After zooming out a bit, I realized that we might have two channels rather than one channel. With that, I was able to make sense of the move that we just saw and the resistance that we are facing right now!
Please like the post if you think it makes sense, and feel free to drop a comment to share your thoughts.
-Tushar
GRT Set up Looks like GRT loves to move in wedges. Each wedge breakout is powerful and looks like we might see another wedge formation before another MAGA breakout. Not much data to analyze so just speculation. It also seems like a lot of Ripplers are jumping into this one and ditching XRP positions
Update on GRT ,ROAD TO .90 (BUYZONE)grt has left the buyzone , its on the road to .90 NEXT STOP around .48
if you follow me you know ive been doing alot of forecasts for GRT , give me a like if i should keep going with GRT ,
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Hopium .... Big Play ?I think we will go down a bit more before rising. I'm hoping for .26 (bags will be filled to the max if we do), but hard to see us getting past .28. If we break out, I can see the hype taking us to around .45. Goodluck y'all!
Wyckoff Accumulation: Phases in 30min time frameIn 30min time frame, phases become clear. I assume we're currently in phase C
GRT currently trading in Wyckoff accumulation zoneGRT currently trading in Wyckoff accumulation zone. Fibonacci suggests short term upside move to .48-.52 cents
Downward channel still holdingIt did not break the channel at $.40 support I was hoping, but the downward channel is still holding. if we do not cross the channel in the near term, we might have to wait for $.30, $.25 support to help push the price
The Graph ( GRT ) is ON THE CLIMBGRT has fell and stayed around my strong support area , looks like its building its momentum to make its move to around .50 area
this is def a strong buy zone
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Graph again,okay, if the parabola holds then it's buy for me !
*the parabolas were drawn on the line graph.
comment what do you think,
and Merry Christmas !
Looks like a bigger downward channel Since no one had posted in GRTUSD for a while, I just wanted to make a post as more of an update to what is going on! There isn't anything exciting right now, so it has been pretty quiet.
As we can see there is a bigger channel that formed after we fell from the .42 to .60 run. We recently tried to break the channel again, but without much buying pressure we fell back again! I see a little more down side before we might see any signs of reversal. Hang in tight people :)
We also see a couple of resistances right above the channel, so it might be a rough path for bulls to clear through.
GRT Cup & Handle ReversalLooks like GRT has almost completed a cup & handle reversal pattern. Only thing it has left (fingers crossed) is the reversal part. To do this it would have to break and stay above the 0.45 level.
GRT Bottom?IMO this likely the bottom. However, the descending wedge shown is only on the hourly so it is not as significant as if it was on a longer time frame. The next major resistance is the other green line above the wedge forming resistance in the downtrend. If we break that, I will be confident this is the real bottom and we will break to new highs within a few weeks. Fundamental analysis is that there are currently 723 million coins staked so really there is only about 500 million for trading. I am long for now from about 0.39 and likely into next year.
DONT WORRY , GRT is down but STILL on the road to .90 (ADD-ON)UPDATE ON GRT , SEEMS TO HAVE MADE A NEW SUPPORT ON ITS MOVE UP .
any questions drop a comment , leave a like if you agree
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DONT WORRY , GRT is down but STILL on the road to .90GRT still hasn't broken out of the strong support from previous charts , its still consolidating this is deffff a big buy zone , i would expect a move around xmas and new years.
in my opinion this is a MAJOR buy zone and get ready for the ROAD TO .90
for more precise entries , give me a like and follow , comment any thoughts or questions , thanks guys
GRT Falling WedgeLooks like GRT has entered into what appears to be a falling wedge. Any breakout would have to overcome 0.42 - 0.45 level.
GRT - The Graph possible bullish casehi
Wow, congrats GRT, what a start !
Now, there are bearish cases as well of course, here I will just discuss the possible bullish case.
All the fibs on this chart is just from the first little 12345 wave up. As we see, they have played a major role.
As for Elliot wave, i can find 12345, with a possible 12345 extended wave in the wave 5. Then we can find an ABC that takes us down to the 0.50 fib of the entire big 12345 up. That has held, this is the clue for it to continue holding if we can have a short term bullish look on this one. It wasnt a deep correction, wspecially for an extended 5th wave. However it bounced on this trend line, that goes back to the first little 12345 "genesys wave" , or "its bornt wave" as Rick would have said.
There is a possible chance for it to hold this line, and somewhat stabilize before we see new moves.
There is a chance we can see the higher fibs , that can take us to around 90 cents-1.5 dollars
This is definately on my watch list, this can get huge.
*it might go lower first, to put in a lower C wave. A clean break of the trend line is my indicator of this scenario. it needs to slowly put in higher lows now next days ( or minutes, am I right GRT ? you sick beast )
As for fundamentals, I just read a little bit, it seems like a smart new project. Perhaps it can be fueled by some defi craze
Crossed support and out of the triangle formationNot only did we break triangle formation, we also broke another support line. Last hope at $.42.
