The Graph (GRT)

Hello!

Possible Cup and Handle formation or falling wedge movement on The Graph.


Possible scenarios:

There is cup and handle (bull)
There is falling wedge (bull)
It's possible that we retrace to previous low where is also 200 EMA (red line) on 4hr and bounce from there.

To break the last high we need to see RSI break the resistance lines.

Price has tested the price resistance line 4 times. Usually the fifth or sixth time breaks it. If.. We will get a move upwards.

If BTC takes a big leap downward or uwards this analysis is in danger.
Right now Bitcoin is in a place where it will soon take a bigger moves atleast for my eye.. So be careful


What I have learned about The Graph Protocol it sounds pretty good for a long term holding and it really solves a problem blockchains have by organising open data and making it easily accessible for applications.



If you take trades (not holding long term) use stop loss.
Otherwise you will get your ass burned!


-Jebu