The Graph is an indexing protocol for organizing blockchain data and making it easily accessible with GraphQL. It consists of
Indexers
Curators
Delegators
Benefits of Graph -
60-98% lower monthly costs
$0 infrastructure setup costs
Superior uptime
GRTUSD performed well in the past four days.
Any daily close above $0.225 confirms further bullishness.
GRTUSD gained more than 40% in the past six weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.1950 and is currently trading around $0.1934.
The bullish invalidation can happen if the pair closes below $0.140. On the lower side, the near-term support is $0.180. Any break below targets $0.15/$0.14.
The immediate resistance stands at around $0.2250. Any breach above confirms bullish continuation. A jump to $0.25/$0.30 is possible. A surge past $0.35 will take it to $0.50.
It is good to buy on dips around $0.150 with SL around $0.100 for TP of $0.30.
