Telcoin / TetherLong
TELUSDT 2 Hour Chart
On high time frame (daily chart), TELUSDT formed a descending triangle.
Inside the descending triangle, there are a few pattern identify at the low time frame
The pink dashed line is the resistance level that TEL has to reclaim.
The inverse head & shoulder had played out lead to the breakout of the descending parallel channel. Currently the PA is retest the descending parallel channel.
NFA
Inside the descending triangle, there are a few pattern identify at the low time frame
- Descending parallel channel
- An invalidated ascending triangle
- Inside a descending parallel channel, there is a inverse head & shoulder
- PA dipped into the white rectangle level which I identified as a strong support level.
The pink dashed line is the resistance level that TEL has to reclaim.
The inverse head & shoulder had played out lead to the breakout of the descending parallel channel. Currently the PA is retest the descending parallel channel.
NFA
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