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GRT/USD Bulls In, Bears Out

The Graph Price Analysis for 25th of September: GRT/USD Bulls In, Bears Out

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Chart Price Analysis for September 25: GRT/USD Bulls In, Bears Out

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https://insidebitcoins.com/buy-cryptocurrency/buy-the-graph

Graph started to decline on September 13th due to very strong selling pressure. And this trend continued until September 20, when a rising engulfing candlestick formed on the chart. A rising takeover pattern indicates in advance that a falling market is moving up. Today’s bull market also confirms the uptrend that started on September 20th. Today and yesterday’s candlesticks are also engulfing candlestick patterns.

Graphic market price statistics:

  • GRT/USD price now: $0.1067
  • GRT/USD market cap: $ 736 497 106
  • GRT / USD: 10,057,044,431
  • GRT/USD total supply: 10,000,000,000
  • GRT/USD Coin Market Rank: #58

Key levels

  • Resistance: $0.11004, $0.12000, $0.13000
  • Support: $0.10000, $0.09000, $0.08500

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Chart market price analysis: indicators perspective

Looking at The Graph’s RSI and MACD, the market is recovering from a bearish position and is now moving into an uptrend. As a confirmation of this bullish candlestick pattern that appeared twice on the chart. The MACD negative histogram has lost its strength and is giving way to an uptrend. Moreover, in the negative zone of the MACD indicator, the MACD line almost crosses the signal line. When the line crosses each other in the negative zone, the market passes the first test of a bull market. We are sure that the trend will continue if the fast line crosses each other in the negative area of ​​the indicator and they continue up. The RSI line is at the center of the indicator; this also means that The Graph is just stepping out of a weak market area

https://insidebitcoins.com/buy-cryptocurrency/buy-the-graph

Chart: GRT/USD 4-hour chart view

The market started today with a four-price doji candlestick. This type of candlestick is flat in nature with no upper or lower shadow. The meaning of this candle is that the market opened and closed in that session at the same price. Also, the high and low value are just the same. This is high indecision in the market. However, the market starts to move up in the second and third sessions. At this high, traders are starting to take profits and the GRT/USD market has bounced back to lower levels. So far, we found that the decline in prices has slowed down. The market can go back up.

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