GRT Triangle bigger than originally thought.After several candle close outside of the original yellow triangle, it is clear that the more valid triangle is now this bigger tan triangle. We can see the top trendline of the tan triangles trajectory angle also matches the angle of the purple descending channels as well for added confluence. While that means we haven’t yet actually broken up out of the triangle just yet, the good news is when we do the breakout target will be higher than original expected. I arbitrarily placed the breakout measured move target line here for a rough estimate. opefully it breaks out of the triangle somewhere close to this region. *not financial advice*
Thegraph
GRTUSD Bull Flag completed. Huge rally ahead.GRTUSD just broke above its Bull Flag pattern as well as the MA50 (1d).
With the MA200 (1d) supporting on Fibonacci 0.618, we see this as a solid long-term buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.5000 (right under Resistance 1).
Tips:
1. The RSI (1d) has also broken above its own Bull Flag.
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#GRTUSD - 25-50% Drop Incoming#THEGRAPH is showing signs of turning relatively bearish sometime very soon. We've had a big pump up and now support is spread thin.
If price was to drop under the nearest level of support we can see losses of at least 25% initially, with potential for twice that.
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GRT The Graph LONG 20230214Signal:
Red -> Green
Context: Green * N
GRT, The Graph, GRTUSD , GRTUSDT, GRTUSDTPERP , CRYPTOS, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
GRT (the graph) Is confirming breakout from descending channelWe can see here on the weekly chart that GRT (aka The Graph) has broken up from its descending channel and price action is currently very close to the descending channel’s breakout target. Much like many other crypto assets at the moment, we can also see that that descending channel has a large flag pole attached to it as well forming a bear flag. While the descending channel has validated its breakout, it is as of now still uncertain whether or not the bearflag will confirm a bullish breakout as well and pull an inverted Bart pattern. However, CoinMarketCap’s rankings of the “most valuable AI and big data crypto projects and tokens” currently has The Graph as the leading platform in market capitalization. According to Pablo Jodar, a crypto analyst at GenTwo, “I think it is linked to the rally on AI stocks, due to the ChatGPT effect.” Consider all the hype behind AI focused cryptos at the moment this greatly increases the probability that GRT will also confirm the bullish breakout up from the bearflag and reach the higher bearflag target as well. I have posted both targets here on the chart and will update this post once each target is hit. GRT is an indexing protocol that is setting itself up to be the decentralized google for searching blockchains.
GRTUSDT, new opportunity to growth, THE GRAPH. Update2Hello guys. This is an update of previous analysis (blow link), As you can see on the chart the first and second targets with 216% reached, and then the price corrected to fib 61 and needs some rest here and has a good support base on TP1, for now I expect the price fill the weekly candle shadow and new ascending is on If the whole market follows. So I expect growth to the other targets. The targets will be 13 - 23 - 30 - 50.
Good luck.
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Write your comment and opinion below for me
✴️ The Graph | Warning! ... Can Do More (Name Your Altcoin #33)Even though The Graph (GRTUSDT) has grown massively it can do more...
Let me make my usual disclaimer... I/We do not recommend buying here nor trading already moving pairs.
We have a trade idea for GRT way before it started to grow and we like to catch the bottom/low/support and get the full move to the upside. This way we get low risk with high potential for reward.
With that said, even though this one already has strong growth it can do more.
A correction can happen anytime.
Shakeouts can happen anytime...
If you jump-in now it becomes very complex on how to trade.
If it drops... Will it recover?
Or will it continue lower?
If it continues higher... How far up will it go?
Should I sell? How much?
Anxiety, stress....
See my chart for GRTBTC for example, before it grows.
5-Feb |
This is just one example but you get the idea.
Back to GRTUSDT.
Based on the hundreds of charts that I read on a weekly basis, this one has more to give.
We have the highest volume ever by far.
The strongest RSI ever by far... So even if you see a retrace it should be temporary before additional growth.
The next target/more details on the chart.
Remember to boost, follow, like, share, tweet, video, call, print, promote, drink, party, relax, meditate... Oops!
Remember to show your support.
Namaste.
The Graph ($GRT) - demand zone and range $GRT The Graph
-> Continuation on a break above .1680
-> holding range eq atm
-> ideal long zone below in green (.618)
Either current level holds or green for a long setup. I prefer green but if this pushes we may have already got our chance to buy there with the local low.
Below green I think the major move is over on a macro level.
Vatsik
GRT (Y23.P1.Video2) continuing the TA storyHI Traders,
An update that gives the context of price action up til now... Finding a lot of things lining up well with MA and Fibonacci.
Lets hope it continues this predicable path.
We also look at the possible short term scenarios.
Please give me a like and share,
Regards,
S.SAri
GRT The Graph LONG OPPORTUNITY 20230210Signal: Red -> Green
Context: Green * N
GRT , The Graph, GRTUSD , GRTUSDT, GRTUSDTPERP , CRYPTOS, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Why GRT price growing and what do GRT and ChatGPT have in commonToday we will talk about the GRTUSDT trading pair.
The downward trend in the GRT price began in February 2021, almost a year earlier than most altcoins. Because in 2021, interest in DEFi projects began to wane. The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem.
Now, interest in the DEFI sector is returning a little bit, and the volume of locked assets (TLM) is increasing, but it is hard to believe that these events provoked such a rapid growth in the GRTUSD price. Moreover, price growth on falling volumes is not okay.
No matter how ridiculous it may sound, we assume that many crypto users buy GRT because of the similarity in sound and spelling to the hype ChatGPT
And if our assumption is correct, we can congratulate all of us - the alt-season is near . In our memory, the last time it happened was in 2017, when users did not really delve into the essence of the project but bought it because it would be more expensive tomorrow.
And if we are wrong, please correct us in the comments below the idea.
As for the possible movement of the GRTUSDT price, we are more inclined to the white scenario, where the price will not be able to gain a consolidated above $0.18-0.20 and will begin a correction to the $0.11 area.
On the other hand, if the hype around GRT continues, which we don't understand, and the price is able to gain a foothold above $0.20 . We don't see any strong obstacles to continuing the rapid growth to $0.39-0.40 on the chart.
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