The Graph (GRTUSD): Graphing a beautiful picture to the sky
Diupdate
The graph(GRT) is an interesting project with good partnerships and adoptions by other crypto projects in the space.
You can always find a good Youtuber to explain this better than me. Please do look this up it is an interesting project.
Alright, let me get into the technicals now.
We had the initial resistance band around 0.4 USD since the start of the year. We successfully broke this and retested this twice now.
In the process, we also bounced back from the current resistance which is around 65 cents to 68 cents.
Currently, we are at our third attempt to break this resistance. We could possibly reach around 77 to 80 cents. At least one is required to maintain the sustainable bull run. What I mean by sustainable bull run is(Not expecting any super sharp drops).
Wait who am I kidding this is crypto expect the unexpected, expect parabola run, and a huge dump back to retest, if it doesn't retest the current resistance at least once now.
Also, looking at the pattern from the launch of GRT it is forming a huge cup and handle.
Considering how the market is moving now, the alt season seems to be completely here, and expect GRT to enter price discovery by next week.
I expect the price to move to as high as 1.15 to 1-25 USD before any form of correction or retest of previous resistance levels as support.
The volume isn't great now, but I expect good volume once it breaks beyond 70 cents.
Also, if the current resistance pushes the value down expect 50-54 cents.
_____________________________________________________________
As always, not financial advice, just my opinion after understanding the chart technically.
Thanks for your time.
Stay safe, sleep well.
Good day.
You can always find a good Youtuber to explain this better than me. Please do look this up it is an interesting project.
Alright, let me get into the technicals now.
We had the initial resistance band around 0.4 USD since the start of the year. We successfully broke this and retested this twice now.
In the process, we also bounced back from the current resistance which is around 65 cents to 68 cents.
Currently, we are at our third attempt to break this resistance. We could possibly reach around 77 to 80 cents. At least one is required to maintain the sustainable bull run. What I mean by sustainable bull run is(Not expecting any super sharp drops).
Wait who am I kidding this is crypto expect the unexpected, expect parabola run, and a huge dump back to retest, if it doesn't retest the current resistance at least once now.
Also, looking at the pattern from the launch of GRT it is forming a huge cup and handle.
Considering how the market is moving now, the alt season seems to be completely here, and expect GRT to enter price discovery by next week.
I expect the price to move to as high as 1.15 to 1-25 USD before any form of correction or retest of previous resistance levels as support.
The volume isn't great now, but I expect good volume once it breaks beyond 70 cents.
Also, if the current resistance pushes the value down expect 50-54 cents.
_____________________________________________________________
As always, not financial advice, just my opinion after understanding the chart technically.
Thanks for your time.
Stay safe, sleep well.
Good day.
Catatan
That appears like we are dipping the toe into the resistance.Catatan
Flipping previous ATH to support.Catatan
Still holding the support strong.Catatan
Out of the resistance band. God knows where we are headed now.Catatan
$1.04 appears to be a good strong resistance at this time.Catatan
Target price reached. Am I selling now?
No!!
I have gotta feeling that this is probably the beginning of a massive parabolic move.
Let's go.
Catatan
Mission accomplished. I am 95% out of GRT for now.
The price can move further.
But, taking profits is also important.
Catatan
Flipping the previous target price to support. $1.2 is a FUD today.
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