The Graph [GRT] Potential inverted H-S formation
Hi everyone,
Looking at the 4H timeframe, GRT seems to found support after a strong bearish move
As GRT was slowly recovering a possible inverted H-S formation caught my eye. When the inverted Head-and-sholder structural development rightly completes other important levels can be tested as highlighted in the chart.
In case we manage to break and close above the "Neckline" with the right price action and volume an important reversal can take place.
Be aware that this structure still needs proper confirmation!
Fundamentals:
> Succesfull mainnet migration of first 10 subgraphs (e.g. Audius project, UMA protocol,...)
> Integration with Fuse Network
> Scalable microtransaction system (Scalar)
> Integration with Celo blockchain
> Integration with MoonBeams
🌜 If you enjoy this idea, please like and leave a comment 🌜
Looking at the 4H timeframe, GRT seems to found support after a strong bearish move
As GRT was slowly recovering a possible inverted H-S formation caught my eye. When the inverted Head-and-sholder structural development rightly completes other important levels can be tested as highlighted in the chart.
In case we manage to break and close above the "Neckline" with the right price action and volume an important reversal can take place.
Be aware that this structure still needs proper confirmation!
Fundamentals:
> Succesfull mainnet migration of first 10 subgraphs (e.g. Audius project, UMA protocol,...)
> Integration with Fuse Network
> Scalable microtransaction system (Scalar)
> Integration with Celo blockchain
> Integration with MoonBeams
🌜 If you enjoy this idea, please like and leave a comment 🌜