Seems like my theory is playing out correctly. Been following chart since release at 15c. I have noticed a drop in momentum when it was trying to get past 80 but it double topped with a lot less volume that it had the first time it reached 80c.
IMO, this is the first short term bearish trend in the GRT-USD. We saw some pennants and flags in the graph earlier, but all of them signaling continuation of bullish pattern. Watch for break of this channel.
It's a brand new token and currently running upward and here are some interesting resistance levels I saw.
Possibly heading towards a head and shoulders pattern after the double top today?
I bought at 0.4, and I feel well, haha. I think we have another buy opportunity, you can buy at 0.64 in breakout as confirmation, or buy here in harmonic-pattern. SL: 0.374 TPS: 0.7, $1, $2, $10
Watch for breakout in the symmetric triangle formation at key resistance/support levels for GRT.
I will certainly take profit at $0.845, and up to $0.98 for a swift moment before the trace back. Watch out increase in volume and confirmed bull. Will happen within 3 hours Time interval may be different
Trade with caution, but Graph is now listed in Coinbase and will soon pop out of this resistance. $1 isn't unrealistic.
MACD suggests a healthy short-term reversal to retest the global trendline. ChrisMoody's custom indicator also flashed a red signal on the 15 min indicating sell volume may be about to pick up. I see a possible entry between $0.64 - $0.68 within the next few hours. Should the global trendline hold, the next resistance cluster will be found at around $0.85. The...
Retraced in blue circles. It's more easily seen in the 1 minute chart.
Liking the upward momentum for the rest of today at least. Crucial resistance zone at .74
Same setup as yesterday when it went past 70. Dont let these red candles fool you
Possibly a good entry at $0.697 USD and below as MACD suggests an upcoming trend reversal. Will wait to see if the trend retraces at 0.697 or breaks through.
Entry - 0.67800 Stop loss - 0.53000 Target - 0.96650
BSI Bullish signal just tapped, we are well on our way to the next top
This is not so much of a Technical Analysis. This is an introduction to a project I have been waiting a long time for. Open Graph provides a valuable service to the crypto industry in general, and because of this - the token will become well adopted. I believe this will continue to go up and outpace Bitcoin for a little while longer. Buy the dips! Just like...