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GRTUSD trade ideas

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.
COINBASE:GRTUSD
by DrDovetail
3
100% return shorting GRT!!!!!!!!!We are now showing signs of a short term bullish reversal which in turn will take us to our target for the remainder of the short at .20, @MP MoonBoys you can either watch or add to your positions here as the target is our original entry. WHY WE SHORT..... early analysis shown to me what looked like a MMSM but after we seen a blow through the orderblock i marked price then ran the monthly swing high, which now is a higher timeframe break in market structure. 1st Target for the short .12 If we get a candle close below .13 withing the next 2 days then we have a weekly bearish SFP and well then look to target the lows. Ill keep you UPDATED as price play out but this could potential be a 100% return... AND TO EVERYONE WHO JUMPED IN THE COMMENTS ON THE LAST GRT POST, GO BACK AND READ IT AGAIN AND NOTE DOWN WHAT I SAID WELL BE DOING. ALSO THANKYOU FOR BUYING .20 BECAUSE I KNOW YOU DID.
KRAKEN:GRTUSDShort
by Marketperceptions00
6
GRTUSD broke above major Resistance. Potential uptrend ahead.The Graph (GRTUSD) broke today above the Lower Highs trend-line that has been in effect since the August 08 2022 High. Supported by the 1D MA50 (blue trend-line), GRT is now aiming at the 0.07725 - 0.0750 Resistance Zone (made on the November 23 - December 10 Highs). With the 1D RSI on Higher Lows since October 20, it is highly likely that this will be a sustainable bullish break-out. However the RSI has has clear highs to sell, near the 80.000 overbought barrier, where price tops where formed. As a result, we are looking for levels to peak and the pull-back and as shown on this chart, the Fibonacci retracement levels align perfectly with previous Support and Resistance levels since the August downtrend started. As a result the next level to watch is the 1D MA200 (orange trend-line) on the 0.382 Fib, with a major Resistance cluster being on the 0.5 Fib. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:GRTUSDLong
by TradingShot
2