Beginning wave 3 in GRT / GRTUSD / The GraphThe recent pullback in cryptos allowed GRTUSD to finish or possibly near finish its ABC correction. I say possibly because it's still possible for the recent upward movement to be A-B-C, but it looks more like a 3rd wave even having a parabolic look to it. A lot of cryptos start their ICO with an A-B-C downward correction that could last quite a while. Technically, GRT did have a tiny one the first day, but immediately started a very strong bullish impulse wave the first few days followed by a sharp zigzag correction. I'd like to see a full 5 waves up on the hourly to confirm the bull trend, but things are already starting to look really interesting.
GRTUSD
GRT Updated and price targetsGRT - token that can go up 40% in 1 day and dump 40% the second. Currently I am watching 2 possible scenarios unfold (I know, what a genius).
I am leaning towards #1 end point but will change my mind if we decisively bounce of the dashed yellow resistance line then go above the descending channel and retest by bouncing off it. If we go this route then I will expect a move to $.50. Breaking out with having a heavy lid like that seems less likely to me. Maybe 35% chance. Break out would most likely happen via a right shoulder (inverse) build up. It could take days and drag. If I start seeing a shoulder like pattern I will start getting a bit more bullish.
However, we are all very familiar with rising wedges and GRTs love with wedges. I am giving it a 65% probability we will break down towards $.2 level. We had a powerful move off recent lows but that move didn't carry us higher
PS: I am sour about GRT so take this with a grain of salt. I had very high hopes for this token and I think this was a classic pump and dump scenario that I got sucked into
GRT/USD - Descending wedge, expect breakoutGRT is forming a descending wedge with a nice bullish divergence on RSI (lower price, higher RSI, see yellow arrows) on the 4h chart.
We may still play inside the wedge, but this is looking positive mid-term, I would expect GRT to break-out at the next opportunity and push above the previous ATH in a second major leg up.
If however we fail to do so, GRT may correct further down. I find this unlikely as GRT fundamentals are quite strong. Nevertheless, new coins can correct up to 95%. So watch out!
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$GRT $BTC | LONG - The patience retestBINANCE:GRTBTC
This is another coin to watch to see how it responds to a test of previous resistance.
Strong rejection is what we'd ideally be looking for.
Exits targeting confluence of Fib retrace & highest volume nodes on the volume profile visible range.
Worth noting we've formed a lower high and a higher low so wouldn't be surprised if range were to tighten before we saw a significant break.
GRT - Following other Coinbase listings like CVC & Mana?Hello Traders,
GRT/USDT is looking very nice.
We have a confirmed bullish structure with HH's & HL's.
A couple of key items:
- 25/50 EMA Cross on the 1 hour.
- Price has flipped the 25,50,100,175, & 225 EMA.
- Bullish divergence on the RSI.
Targeting:
- Recent Highs of $.41.
- If this can be broken, I would expect a restest of the ATH's. (And why not, it seems just about anything in crypto right now, is doing its own thing and giving big surprises)
Hold on to your hats and keep your arms and legs in the coaster because this is going to be a ride!
Thanks!
GRT road to .90 (UPDATE)Hey guys i was doing some extra research , seems like GRT will be having a huge spike/increase in tokens within the first 6 months on '21
With the increase in GRT tokens this has pros & cons in the near future.
with this OUR ROAD TO .90 should look a little close to my chart hear .
after i would say we move back down , and after a upwards of about 1.50 until a huge decrease with the supply going up a steady decrease i would def buy anytime now until we hit our pitstop
thanks for all the love guys
ALL comments welcome
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GRTUSDT: Possible Long (10.01.2021)On h4, the price found support at $ 0.3 (61.8% Fibonacci). Besides, the downtrend line was broken upwards, which indicates a possible end of the downward correction.
On h1, the price forms wedge-shaped patterns, which indicate a possible start of a rapid upward price rise.
We recommend buying GRT to keep the position above $ 0.5
DONT WORRY , GRT is down but STILL on the road to .90 (ADD-ON)just a quick update on GRT , i love being part of this at the very beginning , because we get to see everything happen .
even though it seems to be down , on a bigger note with GRT market cap we can easily move to $1.00 .
on the daily chart look how this is the bottom of STOCH RSI , deff waiting on a movement up in my opinion i say around JAN 10 on the chart we should see a great move up
i hope everyone following me has entered by now
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thanks guys for all the great feedback i love it .
GRT end of consolidating buyzone
hey guys this seems to be the end of the buyzone , if you see on my 30min chart its already becoming green , on the 1hr chart its closing ,
this is indicating that the motion is moving from red to green , judging by the wicks and volume i would say this is the end of the buyzone
GRT/USD - Correction to end soon, long potentialGRT made a nice top at nearly $0.8 and now we are approaching the end of the corrective move (a nice -60%) if the falling wedge is confirmed (bullish signal).
The ABC corrective pattern seems to be completed as well and this means we should expect a pump and we can explore long opportunities.
Aim to long as soon as we break diagonal resistance with volume. Target is $0.5 cents.
Should a long opportunity not materialize or the broader market tanks for some reason, then GRT may fall lower at $0.20 cents. A break of support at $0.29 cents will also push us lower, so that support line must not fall if you are bullish and may provide a nice short opportunity, but be careful of fake outs.
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GRTUSDT - Potential buy entry 🔼GRTUSDT is printing a falling parabolic wedge pattern ( banana pattern ).
Potential breakout.
Buy entry ⬆️ - breakout above the falling parabolic wedge resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the falling parabolic wedge support.