GRTUSDT First TARGET $2.10BINANCE:GRTUSDT
GRT Broke Descending Trendline with a very Good Volume and Fundamentals are Good
So I'm Entering Here
Targets: $2.10 / $2.40 / $2.80
Stoploss: if You taking a leverage Position Closing Below Support Box ($1.57) on 4h or Daily Candle, if Not Let it be and I will Update For Exit Points
Graph
GRT looking at a big breakout hereFlag here, easy trade with a tight stop, this has a very nice risk return setup.
Using flagpole for fib extension.
Long (market) - 1.76
Stop - 1.64
Target #1 - 2.17 (before breakout on pennant resistance)
Target #2 - 2.93 (1.0 extension)
Target #3 - 5.58 (1.618 extension)
GRT/BTC - Consolidating, approaching trend one. ENGraph is coming up to a point that I would consider to be an area of great value. This spot hits 2 areas, a long term trendline established when GRT hit its all time low, and the Fibonacci Retracement level of 50%.
The retrace, having previously bounced off the 61.8% line, sets up GRT for a percect bull run up to the next level. However, as selling pressure mounted, we are experiencing a longer consolidation, which GRT has shown a pattern of doing. This works in favor of GRT, as long as the trendlines hold. It builds a stronger support base, as GRT has seen some huge gains. Without support, we could easily see the price fall fast.
In my eyes, the first trendline may become invalidated, as he head down towards the 61.8% zone again, expecting some consolidation there. However, keep in mind that we are very close to an Alt Season that we have not really seen yet, with coins like LTC, REP, ETH, etc waiting their turn while the newer cheaper coins have their Altseason first. Remember, this time difference is the whole reason we can aspire to make money off Altseason. Follow the flow of money, and don't forget to sell!
GRT - Updates on Price / Multiple TimeframeGRT shows signs of strength over last couple days, rising up to $2.00, before hitting a ceiling and dropping back down to $1.75.
1HR: we actually see the 50 day MA cross up and over the 100 day MA, which is very bullish (if it were to happen on a longer timeframe chart), but the fact it shows up on the 1hour, means we could see something similar on the 4 hour and 1 day charts soon. Price was rejected with not that much volume from the $1.75 price point, and this may be a sign that the price can drop lower.
2 HR: OVerall, we now have higher highs, as the price finally went above the 50MA, which had been rejecting it for a bit of time. We crossed over into bullish territory rising above the previous high, but met stiff resistance as the price was rejected from the 200 day MA, which is well above the price. The price drops down to meet the 100 day MA, and seems to want to bounce, but is not showing much volume. The next level down looks likely.
4HR: On the 4 hour the case for a new bullish movement is made. We can see the price supported by the 200MA at $1.44, with some strong volume, and the price rose above the previous high. Price continued up and past the 50MA, until the 100MA rejected it finally, and we are now settling back down by the 50MA retesting. If we break downwards, we will have another bounce off the 200MA and this will be very bullish.
1Day: On the 1 Day chart, things become the clearest, as we see a sideways pennant form, considered to be an extension pattern of the previous trend, this is a bullish indicator. GRT is consolidating and grabbing full support along the way, this looks like its shaping up to make another big run.
GRTUSD: Incoming BullHello Investors and Traders,
The last few GRT post have been winners. GRT do not look like it will wear out anytime soon. If you compare GRT to ETH and BTC, the ratio will suggest GRT will continue higher. We see a continual lower highs the last few days after the recent mega pump. There a few target area for GRT. We will eventually see $4, but we will see if we can make all new highs before we can aim for $4. We will see if GRT will fall back down again after touching ATH and proceed from there.
Let me know what you think.
GRTUSDT Price actionLast week, the value of grt had a large increase against the USDT. In 2 days the value increased by more than 200%. After that, the value corrections came to a value of 1.70. It is a 40% correction.
The value at which the correction was stopped is 0.618 level of Fibonacci retracement. The flow was followed by growth, and Higher Low was formed.
On 4 hours time frame a triangle has been formed, and the price is expected to break upwards.
The Relative strength index ( RSI ) is on the value of 50, after a large correction that came from a value of 96.
All of this written is not financial advice but my opinion regarding The Graph’s price movement.
The Graph (GRT) - Easy x2 and more.GRT is prepared for another leg up soon.
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Easy money: $3.5
Target 2: $5.0
Target 3: ($10?)
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The Graph is an indexing protocol for organizing blockchain data. Project has strong fundaments. It is already x25 since it appeared on Coinbase, but still has a room to grow. Buy the dip, still not late to catch a train. If bullmarket remains GRT will be one of the most promising project of 2021.
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CEX: Coinbase, Binance, Kraken and others
DEX: Uniswap, 1inch and others
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Always do your own research.
This is not financial advice.
Enjoy!