Grtusdt
Grt considering exploding upwardsim not buying right now into resistance.
But im watching this closely, because this can explode to.. even 10 dollars
if we get a retrace to near the lower blue line im buying. if we break the line, and get a retrace bounce - im buying.
this all depends on how btc resolves the 46k area.
GRT/USDT { GRT } - BULLISH SETUPANALYSIS 🔎
- GRT/USDT hit an all time high and retraced.
- The downtrend was bounded in the descending channel.
- Price action printed a double bottom pattern.
- A double bottom is a bullish reversal pattern.
- Price brokeout above the double bottom's neckline resistance and the descending channel's resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- Limit entry: possible retest.
TARGETS 🎯
- Horizontal resistance level (@2.1980).
- Horizontal resistance level (@2.8807).
SETUP INVALIDATION ❌
- Breakdown below the previous swing low horizontal support level.
#GRT, Breaking Resistance with Potential Gains?A quick look at #TheGraph (#GRTUSDT, #Binance, D):
Price broke the 0.7592 resistance.
The 4HR timeframe shows a positive retest of that level as support.
Price may test the next resistance at 0.9547.
To read more about The Graph on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
Thank you and Happy trading!
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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
TheGraph Yes but Waiti was surprised by the weakness of one this big project while BTC was correcting.
No impulse, No rage, No Surprise. Stayed in perpetual weak downtrend for now.
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- So i will give a trading simple way :
- Should wait GRT break his Downtrend and pass 1$ to invest in.
- TP1 : 2$
- TP2 : 3.5$
- TP3 : 4.8$
- The new GRT Bottom should be around 0.45$ but have to be prudent in cryptos.
- In Any of this cases if BTC makes a fast Dip (BearTrap), i suggest you to keep some Cash to get GRT around 0.2$.
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Stay Safe
Happy Tr4Ding !
GRTUSD H16: Best Level to SHORT IT 40% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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GRTUSD H16: Best Level to SHORT IT 40% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses in this market.
🔸 Summary and potential trade setup
::: GRTUSD 16hour chart review/outlook
::: XABCD BEARS setup
::: expecting breakdown soon
::: heavy resistance overhead / rejection
::: BEARS get ready to SHORT IT
::: SHORT/HOLD and exit at +40% gains
::: chart is weak overall
::: recommended strategy: SHORT IT/HOLD
::: TP BEARS +40% gains
::: correction mode soon
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/REVERSAL
::: Sentiment outlook short-term: BEARS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GRTUSDT Swing Trade Setup!GRTUSDT Technical analysis Update
GRT/USDT currently trading at $0.670
Downtrend Line Breakout
Buy level: Above $0.650
Stop loss: $0.570
TP1: $0.75
TP2: $0.94
TP3: $1.11
Max Leverage 2x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
The Google of CryptoWanna be rich? Me too.
Not sure if this will do it, but it's better than the other chances I got.
All time low.
Great crypto. Amazing concept with over 3 years of Beta testing before launching just last December.
Downside risk is -50% but the upside reward will be at least +500%.
Let's GOOO!!!
(Not Financial Advice....but yah know...)
GRT MASSIVE BREAKDOWN<??!!@ClearOpenDoor
My friend... the 4 hour chart tells me a lot.. And I learned when you want to which direction the future may go the best place to look for is in the past.
As in Technical Analysis is a lot symmetrical you see it back in this chart..
This is my quick view for you on this chart..
prices may fall down back around 25% because earlier by breakdowns prices moved back 3 times earlier 25% or more..
For 2 double tops shown in short of time can mean a major reversal pattern. Because price has rejected resistance many times.. We have to see if price fall back a baseline support how it will act and if it breaks.. because this is the major support line that has hold many major reversal before...
Thanks for this tip will definitely keep this one on my watchlist because money can be made in the future..
For now let the market do it's work and remember even if the technicals show us we can have major decline there is only 1 big trader/whale in the world needed to push prices immense higher!
If you like please feel free to follow and spread the word..
Making money is fun but If I can help make other people than we have both fun...