The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS. GRT has a high growth potential and should keep an eye on it. It seems the downtrend phase is ended; after an upward impulse wave started price entered a corrective wave in a triangle-shaped pattern. Let's see if price can break this triangle.
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GRT has made a big inverted wedge pattern. A strong upward impulse wave started from the bottom of this pattern, went up, made a minor correction in the shape of a triangle pattern, and then broke this pattern too; and is going toward the upper line of the major inverted wedge pattern. If GRT breaks this major pattern upward, and I think it will, a huge rise is anticipated from a long-term perspective. Let's see what happens.
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GRT approaching the major downtrend line. The analysis is still valid. Let's see what happens.
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So, GRT broke the major downtrend line and going up. There are several resistance areas and targets on its way. Let's see what happens.
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So, GRT went up and reached the major horizontal resistance area. Couldn't break the area, then went into correction. Have to wait first for GRT to break the minor downtrend line. Let's see what happens.
@BCBackerBacker, Tanx mate. Sure. Since no significant changes occurred, I will post the update hear. So, GRT approaching the 1 line of Fib Extension. Have to wait and see how GRT reacts to this line; the wave iii could be the extended one or the wave v. Only time can tell. I will post any important changes in the same idea post here.
BCBackerBacker
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@SaeedSalehinia Thanks brother. Appreciate all your strong work. All the NVDA AI buzz should help 😁
bacurrie45
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looks like it broke that downtrend my friend be interesting to see where we go from here :)
bacurrie45
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Been waiting on a breakout for so long for the graph but it does have the potential to do so just a matter of patience
BallaJi
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nice work mate
quick question
how do you post updates on your original idea with a screenshot of the chart??
SaeedSalehinia
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@BallaJi, thanks mate. It is easy. In the upper right corner of your screen, click the camera icon (take a snapshot), then select the third option "Copy link". Then you can past the copied link of the screenshot where evere you want. Good luck.
BallaJi
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@SaeedSalehinia, Brilliant thank you ... haha I asked a few people you're the only that helped <3
mara_mph
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Whats that blue horizontal line at the top?
SaeedSalehinia
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@mara_mph, It is the 0.786 Fib extension line, a possible target for the current upward move if GRT breaks the major inverted wedge.