Get most of The Graph ‘GRT’ USD price analysis with interactive analytical tools to study chart patterns and technical indicators. The chart references the GRT USD price live from the Coinbase exchange.
About The Graph ‘GRT’:
The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible. Subgraphs can be composed into a global graph of all the world’s public information. This data can be transformed, organized, and shared across applications for anyone to query with just a few keystrokes.
To date, over 3,000 subgraphs have been deployed by thousands of developers for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland, and others.
Helpful technical indicators to study The Graph ‘GRT’ USD price movement:
Technical Analysis through the use of charts or volume helps to forecast future GRT USD price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.
The following are some of the technical indicators which could be useful for anticipating the most likely The Graph ‘GRT’ USD price movement.
Moving average convergence divergence (MACD)
MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line” is then plotted in addition to the MACD line which together functions as a trigger for The Graph ‘GRT’ token buy and sell.
Traders may buy the GRT token when the MACD crosses above its signal line (orange line) and sell, or short, the GRT token when the MACD (blue line) crosses below the signal line.
Another MACD strategy is to look at which side of zero the MACD lines are. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero – Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down.
Relative Strength Index (RSI)
RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:
- RSI values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience correction in the asset – The Graph ‘GRT’ USD price.
- An RSI reading of 30 or below indicates an oversold or undervalued condition.
Simple Moving average (SMA)
SMA is the average of the closing USD price of an asset – GRT over a given number of periods. The 50, 100, or 200-day simple moving average (SMA) is one of the most-watched activities in the price charts by mostly all experienced traders. There are two basic signals in relation to the moving average:
- If the price is above the X day SMA, this signals a bullish movement.
- If the price is below the X day SMA, this signals a bearish movement.
A simple moving average (SMA) can act as support or resistance. In an uptrend, a 50-day, 100-day, or 200-day moving average may act as a support level. In a downtrend, a moving average may act as resistance.
MA(50,200) Crossover
Another important signal is a crossover between the 50-day and the 200-day moving averages.
– Essentially, a bullish crossover (the 50-day MA moving above the 200-day MA) is called a golden cross and it signals that a new bullish USD price trend for GRT token is starting.
– A bearish crossover (where the 50-day MA crosses below the 200-day MA) is known as the death cross. This is a sign that a bear market may be starting.
On-balance volume (OBV)
OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.
- If OBV is rising and the price isn’t, then the price is likely to follow the OBV.
- In case The Graph ‘GRT’ token price against USD is rising and OBV is flat-lining or falling, the price may be near a top.
- If the GRT token price against USD is falling and OBV is flat-lining or rising, the price could be nearing a bottom.
Chart Patterns
- Head and Shoulders
- Cup and Handle (bullish)
- Triangles (Symmetrical, Ascending and Descending)
- Double top and bottom [M (bearish) and W (bullish)]
- Triple Tops (bearish) & Bottoms (bullish)