Grtusdt
GRT looks great for more upside... YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
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GRT on the way back to the top GRT price broke out from falling wedge pattern, made a retest at $0.62 and continued to grind higher to first major resistance at $1. Daily chart is bullish and I’m looking forward to next major resistance at $1.45 followed by $2.4 as my final target for now. Supports are at $0.755 and $0.627.
As always, for such a bullish movement ETH and BTC should stay bullish or at least trade in range for GRT to outperform.
GRTUSDT🌟this alt break its sideway area which was recently formed and just pullback to its previous channel to regain its power to go for its current value which is why we believe its undervalue at the moment
🌟a pullback is one of the most safe and clean spot to enter a position in a chart
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AGGRESSIVE TRADERS ALERT!!!Folks,
YES, YES. We are here with the GRT/USDT chart..
We have seen multiple 50 day MA test before and the price withstood these tests.. Even with a bear trap on the line to..
This seems like strength in the test of the 50 day MA.
Lately this has come in combination with what we call the TWEEZER BOTTOM formation in JAPANESE CANDLESTICKS.
This implies of a POSSIBLE trend reversal pattern..
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!