The Graph (GRT)

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.

Kommentera:

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.

Kommentera:

GRT approaching the major downtrend line. The analysis is still valid. Let's see what happens.

Kommentera:

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.

Kommentera:

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.