I have a love-hate relationship with the Graph.
It’s been in a downwards channel since reaching its ATH in February! It looked like it would break out just when the last BTC dump happened on April 18 and has been recovering since.
Is this finally it? Is the Graph finally going to start moving upwards again?
It appears to have caught a trend line that’s moving the price action upwards and could finally push it over the long line of resistance.
I see it hitting 3.70 but if it makes a similar move as before then 11.73 is in play.
GRT has shown to dump very hard when BTC drops in price and does not recover nearly as quickly as other coins do so be warned.
You can wait for a strong confirmation and possibly a retest of the resistance line as support before entering a long position.
The potential upside is huge so missing a few percentage points is not the end of the world.
The BTC pair looks promising as well.
TRXUSDT
It’s been in a downwards channel since reaching its ATH in February! It looked like it would break out just when the last BTC dump happened on April 18 and has been recovering since.
Is this finally it? Is the Graph finally going to start moving upwards again?
It appears to have caught a trend line that’s moving the price action upwards and could finally push it over the long line of resistance.
I see it hitting 3.70 but if it makes a similar move as before then 11.73 is in play.
GRT has shown to dump very hard when BTC drops in price and does not recover nearly as quickly as other coins do so be warned.
You can wait for a strong confirmation and possibly a retest of the resistance line as support before entering a long position.
The potential upside is huge so missing a few percentage points is not the end of the world.
The BTC pair looks promising as well.
TRXUSDT