This analysis revisits the weekly GRT/USD chart, highlighting a technical pattern suggesting a possible strengthening of the GRT token against the US Dollar (USD).
Inverse Head and Shoulders Pattern:
The GRT/USD chart appears to be forming an inverse head and shoulders pattern, which is a bullish pattern in technical analysis. This pattern suggests a potential...
The Graph is a great project that not only survived the bear but also has continued to build during the bear as well as create more real-world partnerships and use cases.
Just 2 months ago in the start of March it hit $0.50 (50cents) and has since then suffered from a dramatic 60% correction that IMO was somewhat over done but i was grateful for another shot at...
GRT 2-day chart analysis
Price is above the possible bottom POC at 0.10 and trying to get above the next higher POC at 0.16
bullish scenario🐂
break this resistance and use lack of volume for quick move to FIB 50% at 0.40
bearish scenario🐻
see a fakeout and lose important support at 0.10
How is your day so far dear Crypto Nation?😎
Comments💭, Likes♥️ &...
This is the trading plan I made when the price was still below the green arrow. the price has moved significantly according to the target I made. the main target for the long term is at the highest percentage increase.
Very close to hitting the teal channels breakout target, after that we head for the pink channels breakout target…also likely to go to the beginning of the red bearflag pole around 51 cents as is common with inverse Bart patterns. *not financial advice*
Hello traders as you can see the graph has had a rally as of recent but as you can see we have hit the 1.618 on the fib extension we are also at the extreme level on the volume profiles where big players take profits. I am expecting a retracement and some may consider taking profits of the table
Fibonacci Level Breakout: GRT breaks above the 23.60% Fibonacci level at $0.30, signaling bullish momentum.
Price Jump Potential: The uptrend continuation could lead to a significant price jump to $0.50.
Trend Reversal and Long-Term Outlook: A trend reversal points towards a sustained uptrend in 2024, with potential to reach $1.
Bullish Market Support: Supported...
Hey all,
Full disclosure, I am invested in GRT.
I expect GRT to do well in the bull market but it currently seems to be stuck at .30 resistance.
Im not an expert at bull pennants but it does seem to be forming that pattern. The pattern seems to have a target of around .48, which lines up close to the next resistance lines.
Is anyone else more familiar with...
The monthly candle is about to close and it look like GRT is gonna close high above the 50% Level, but it might do a short term Retracement. I am looking at buying at these levels if it holds and looks like some re-accumulation. The Graph is currently in a uptrend.
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS. GRT has a high growth potential and should keep an eye on it. It seems the downtrend phase is ended; after an upward impulse wave started price entered a corrective wave in a triangle-shaped pattern. Let's see if price can break this triangle.
Rising from 50-week EMA: GRT's price is challenging the $0.30 mark, signaling strong bullish momentum as it moves away from the 50-week EMA.
23.60% Fibonacci Level Breakout: The breakout at this Fibonacci level in the weekly chart suggests an uptrend continuation, potentially enhancing the bullish momentum.
Potential to Reach $0.50: The current breakout rally...
GRTs constant lower low making days are at least temporarily over. Last year Oct GRT put in a first higher low since 2021 and this month price has created a fresh higher high. Elliott wave perspective, price has made a 5 wave up wave 1 and 3 waves correction wave 2, followed by a very strong 5 waves lower degree wave 1 (might still have some energy left to it). We...
