GRTUSD
Will GRT continue the rally?GRT is the token of an indexing protocol, Graph. The token has gained over 132.9% in the month of February.
According to Dune Analytics, the total number of users of the protocol has increased by approximately 34% in the past year. The token saw 66% QoQ increase in revenue from query fees, as per Messari report. The increase in on-chain metrics strengthen the
Technical Analysis
Price moved above 0.1493 resistance with high volume, the level of 0.2067 is acting as resistance for the current price. If price moves above this level with high volume, we can further see the gain in price. 20-EMA can be used as a stop loss or entry point.
The Teak Finance screener had selected the coin and has seen a gain of approximately 50%. Have a look at the screener. The screener gets updated on a daily basis and provides a pool of tokens to trade in.
Screener: in.tradingview.com
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#GRTUSDT #GRTCOINTrade Setup with Technical Analysis
#GRTUSDT (BINANCE)1 day chart.
🟢Long position
🚫STOP Loss $ - 0.0891 ( SL - 7% )
✅Entry Price Around $- 0.0963 - 0.094
🎯 Target Price $ - 0.108 ( TG - 12% )
Risky Target 🎯 : - 0.1174
Technical analysis - Market is currently struggling between 0.093 - 0.10$ which indicates that the market is currently neutral
If the market breaks the neck line of $ 0.10 then there is a possibility of a good bullish rally in the coming few days.
#GRTUSDT Market Latest updates & Fundamental Analysis
The Graph’s latest announcement on Twitter revealed that there are now more than 500 subgraphs on the network. The increase was necessary to make indexing easier for the network to provide indexing services within the WEB3 landscape.
💡Don't miss the great buy opportunity in GRTUSD @graphprotocolTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3655).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GRTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.4237
TP2= @ 0.4702
TP3= @ 0.5128
TP4= @ 0.5612
TP5= @ 0.6260
SL= Break below S2
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💡Don't miss the great buy opportunity in GRTUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.7387).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GRTUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 0.8684
TP2= @ 0.9215
TP3= @ 0.9881
TP4= @ 1.0653
TP5= @ 1.1627
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️