GRPH: A Brief Technical/Fundamental Analysis

As you know, GRPH is a project that I’m watching closely and am very bullish on in the masternode space. Whenever I really like a project and I am considering scaling in, I always check look at the chart and the order book. With GraphCoin, I really like what I see. The ask side of the order book is really thin and we seem to have found a really good price foundation.

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We look to be forming a little bit of a double bottom on the daily chart. On the right side of the chart you can see the volume spikes, indicating that people are liking this price and the buys are coming in. It’s clear that smart money has arrived with this project. Let’s take a look at the order book:

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You can see there that only $400 of buys would double the price of this coin. And that’s what I love about this project. It has so much upside and people know it. It’s clear by the volume as well as the order book. My recommendation is to place some buy orders and let them fill before this project takes off for real.

Even though right now, GRPH is a masternode coin, they have lots of developments coming up and they have a clear use case for their token. I’ve been able to see a sneak peak of the platform they are developing and having seen that, I’m really confident in my investment into this coin. This masternode has a great ROI and a great future.