#GRT, Can #TheGraph push higher?

16. Apr. 2021

A quick look at #TheGraph (#GRTUSDT, #Binance, 4HR):

• Price broke the upper resistance of the wedge pattern on March 28.
  
• Since then, we managed to reach TP1, and now price is in this tight range between $2.15 and $1.90 (S1).
  
• If S1 holds as support, GRT can attempt once again to break R1 and resume its walk towards TP2.
  
• If S2 does not hold, price could find support at the well established S2 level.
  

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!

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Needless to say, this is not financial advice!

18. Apr. 2021

Trade ist aktiv

Well, we avoided the stop loss but saw some levels switching from support to resistance. If the $1.70 holds, we can look at higher prices. Interestingly, we are halfway within a channel with a $2.15 top and $1.50 bottom. RSI value is increasing.

23. Apr. 2021

Trade geschlossen: Stop wurde erreicht

The drop hit our Stop Loss but price rebounded from the wedge. It also in a range between our Stop Loss and TP1.