The weekly technical chart of The Graph showcases a consolidated momentum. On coming to 4hr cart, GRT price is below 100 and 50 Moving average. The 100 MA(Red) line is at $1.16, making it temporary support for the coin. Resistance for the coin on going upside is at $1.8. While on the downside, the coin can see a bounceback from $1.There is a formation of bearish engulfing pattern on the chart If the price goes 10% below the support ,then a new low upto $0.7 can be formed.THETA/BTC pair is currently performing negatively and can break the previous support zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.