GRTUSD
GRT - Looks weak (As you asked)GRT actually looks weak. The sell volume is super high right now... so it's risky.
I don't think there can be any safe long positions in this market right now, but if the price managed to cross the resistance area, you can open long positions and aim for the TP as shown on chart.
Current Market Price: $0.6565
Good Luck
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GRTUSD correction finished....moving into wave 3After a meteoric rise, and devastating correction - it appears that GRT is bottoming and in the infancy of reversal.
Requires some strength in Bitcoin to continue this bounce, otherwise back to retest the lows and form a rounded bottom.
highlighted horizontal lines indicate potential areas of support/resistance
GRT: Defi PulseI am watching for Defi to make big moves this year... GRT is a project that I have been watching since the beginning and seems to be a promising project. With that said, here is an update on my trade set-up for this coin. So far on the daily I have had three entries- stop lose and take profit have not changed! Not Financial Advice... CHEERS!
GRT is it exiting the consolidation period?Analysis recap:
RSi - 50.0 very neural
MACD - Golden cross on 4H (not very significant for GRT in this period)
On the chart we can see a Descending Wedge almost completed, if it wont breakdown to the downside it will be the signal for GRT to finally get back the momentum it has in FEB.
Suggested price range for long entryes 1.35 $ - 1.48 $ on short term we might not see any major move.
If GRT complete this pattern holding the support the target is going to be an ATH.
I am going to update this idea.
Graphing the GraphI have a love-hate relationship with the Graph.
It’s been in a downwards channel since reaching its ATH in February! It looked like it would break out just when the last BTC dump happened on April 18 and has been recovering since.
Is this finally it? Is the Graph finally going to start moving upwards again?
It appears to have caught a trend line that’s moving the price action upwards and could finally push it over the long line of resistance.
I see it hitting 3.70 but if it makes a similar move as before then 11.73 is in play.
GRT has shown to dump very hard when BTC drops in price and does not recover nearly as quickly as other coins do so be warned.
You can wait for a strong confirmation and possibly a retest of the resistance line as support before entering a long position.
The potential upside is huge so missing a few percentage points is not the end of the world.
The BTC pair looks promising as well.
BINANCE:TRXUSDT