GRT has been within a descending correction since March and we've finally seen a breakout.
The area to watch is the 0.64 level where we can have a possible retest. Alternatively, we can also look for bull flags to take this higher!
GRT is currently in a downtrend but we may be seeing a reversal soon. Watch for a breakout of the descending trendline. We could possibly go down further to the 0.23 level where we have previous structure.
Please be aware that BTC must hold $45k support however, GRT has found support during this fear at the levels shown.
Some great longer term holding potential too.
What do you guys think?
Stay patient, watch BTC.
The Graph (GRT)
Max supply 10 Bn
Circulating 1.25 Bn ( 12.5% of 100%)
Goal 1 : 80% profit (return to resistance zone) - June-July 2021
Goal 2: 140% profit (exit from resistance zone and made a new ATH) - July-August 2021
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Profits to everyone!
GRT/USDT just broke out of inverse head and shoulders pattern, looking to break upwards towards it's ATH and beyond $3.
The Graph (GRT) hosted service surpassed 20 billion queries in April as Web3 usage reached new highs, representing an explosive rise in dapps and Web3 adoption.
After a couple of impulses and corrections, we find ourself on the verge of another impulse. We're in what looks to be a bullish pennant which typically impulses up.
Will watch closely to see how price reacts to the support of the pennant!
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Go long on GRT. Thank me later. Has been consolidating for the last 20 days. just broke out of the falling wedge and has retested the wedge. Time for some parabolic action. target is 0.618 fib at $3.683.
- GRTUSDT was bounded in the descending triangle (DT) pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
- The market hit a swing high and retraced.
- Price is retesting the descending triangle's inclined resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
-There's a relatively...
Another bullish pattern work in progress for $GRT (The Graph Protocol). Fundamentally, it's the Google in the blockchain space. Let's see
P.S. - If you look back, the same bullish pattern successfully reached making all-time-high price. Good luck
If GRT/USDT can close the hourly above the moon barrier i can see massive gains of upto 60% as long as bitcoin plays nice...
it is trying to break out as i upload this so fingers crossed.
if it cannot break out i can see consolidation for a day or 2 around the upper support level, potentialy another retest of the legacy trend line, this would be a great buy opportuinity.