Watching BINANCE:GRTUSDT closely on Daily TF.
Inverse Head & Shoulder pattern formed, a minor pullback below neckline and then breakout is expected.
Entry @.0820
Exit @.1000
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GRTUSDT is a multibagger alt on spot or also for margin traders!
GRTUSDT was trading inside this parallel channel since months. But now, it broke outside this channel and formed a bull flag like pattern in LTF. I am going Long on...
Trade 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...
#Grt break its descending triangle and fail on its retest too its the perfect time to enter in trade after breakout & retest.
Now #grt getting rejection from its resis. $0.4379
The scalp zone for those who have not taken trade yet get entry near $0.4379.
1 Target $0.4212
2 Targer $0.3839
TRADE AT YOUR OWN RISK
GRT break the downtrend channel and now testing the support of the $0.38 area. The local resistance is $0.45 level and the major resistance is $0.50 area. You can build a long position near a $0.38 support area.
I have just tried to use the fib charts on all the coins to learn more about the behaviour of, how the markets takes these lines, how can some coins blindly follow these lines and while others just directly butcher it.
Trade idea- Grt Usdt 💡
A good swing setup.
Price about to enter demand zone
Use low Leverage in swing trades.
Tp (gradually)
Sl (0.394)
Quries are welcome.
Stay tuned.
The Architect.
Trading 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...
Possible Cup and Handle formation here.
Could take to the upper channel line.
Will we see a break out as posted in my previous idea?
NOT FINANCIAL ADVICE
GRT price is consolidating in a symmetrical triangle.
What's next?
BREAKOUT or BREAK DOWN?
Would likely fall to the below trend line if BTC falls and would then continue its break out.
NOT FINANCIAL ADVICE.
The Graph in 1H time frame forms a double top pattern with a neckline near 0.7000 ( support ) every time it break it's support it drops only till the trend line. If it breaks it's neckline we see a drop till the below trend-line and for the further continuation of the bearish it needs to break the trend-line.
BINANCE
