Is ~8,500% truly possible for such a big project in 2025?
Good afternoon my friend, are you ready?
Let's review another chart, another altcoin project while at the same time considering how to best approach the cryptocurrency market and which actions we can take in order to improve our trading results.
Technical Analysis
The Graph has been in correction mode since March, its price remains relatively strong. GRTUSDT currently trades at the same price level as it traded back in January 2024.
The most relevant levels for this and other altcoin projects, as support, stand around October 2023 and November 2022 (this one), or June/July 2022 (most others).
A 50% drop would put The Graph at September/October 2023 prices, so we can safely assume that no new ATLs will be hit on this pair. This tells us also that the main bullish structure that was established thanks to the bullish wave that developed after the November 2022 low will remain valid; higher lows lead to higher highs.
This is all leading to our projection for a new All-Time High in 2025. Using the most simple method, which I learned through the books on Elliott Wave Theory by Robert R. Prechter Jr., an ATH of $7.56 becomes possible for this pair/chart. Using the accumulation zone price range as entry price, this would give us a total growth potential beyond 8,500%. Yes! I checked twice just to make sure I am not making a big blunder with these numbers. But, with that said, it wouldn't be that surprising knowing that many cryptos already produced such growth in late 2023 through early 2024; it would be only normal to expect this much and sometimes even more in the year 2025, when crypto will be more valuable and sought after than water in the dry deserts of the Sahara.
Trading Tips & Strategy
One of the biggest hurdle to overcome when holding patiently, is not knowing what to expect. When we buy an altcoin with the intention to hold long, when the unavoidable corrections and strong market shakeouts develop, we don't know what to expect and thus doubt can enter and make us wonder; should I continue holding or should I sell?
This is why a map is highly valuable and a great entry, priceless.
The map helps you develop a vision of the far distant future. With this vision in mind, you know that the cycle is not over the first time the market turns. Just as a correction is not over on the first low, in reverse, the bull-market will not be over on its first correction, it will go and go and go and it will seen to be going forever, as usual, surprising the majority of the players.
It doesn't matter if the ATH ends at $3, $5, $8 or $10. What matters is the early entry and a strategy to take profits along the way.
The great entry will also give you the confidence to hold each time a correction develops. There will be many corrections along the way. If you buy late, again, doubt quickly creeps in and you won't feel confident in holding, you will wonder; should I continue holding or should I sell?
If you think now what to do and how to approach the market when prices are going up, you won't have to decide in the moment and thus no uncertainty will cloud your mind. If you plan now for the year ahead, you are more likely to achieve trading success.
The strategy: Start planning. Write it down! Truly, think about it; What will you do? Really, and stick to it... Buy and hold.
Just prepare mentally because I will be here, screaming basically, "we've reach the top!"
And you will know when to sell.
Just don't fall victim to the mistake of reading and trusting this articles today, and once you are at the top with massive paper profits, saying things like, "No way, this guy must be crazy." It will be hard to sell, truly, but the only way to win is to buy at the bottom of the wave and selling at the top. Holding once the wave is over will only remove all those gains.
This is a mistake that we all have made. And that's not a problem, if a mistake is made we can own it and correct it for the next time, the next opportunity, the next pair.
I am writing for your entertainment.
Namaste.