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!
------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
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TP1 at $0.9547 reached! Let's see what price will do now in this price area. If it breaks resistance, let's confirm it turns it into support. If rejected, price may retrace to any of the Fib levels.
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Price broke above the previous resistance (TP1). If successfully retested, we can potentially aim at TP2 for a +26% profit.
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With previous resistance turned support, and the price resting on the 200EMA, I think we are good to go higher to our next TP! At the time of writing, that would be a +17.42% profit.