TELUSDT Update
Updated
-First of All, Congrats for breaking the descending channel I mentioned in my last idea, we broke it successfully and close a 4h candle above it and waiting for 1 more 4h candle above it !
UPDATE:
After breaking the descending channel,
TEL Should tend to retest the upper border of the channel BUT TEL although broke the WEEKLY resistance and now it turned into support that I suggest that TEL will stand on it and will not retest the upper border of the descending channel I mentioned before
One more thing, In a related Idea before, their was a supporting trend line thatTEL was above it, TEL is now back above it and surprisingly it align very good with the weekly support line.
What should we look for ?
A daily close at the same level will be good, But am looking for a break to my triangle ..
For me as I told you before, We are in a symm. triangle too. TEL tried to break it but we got resisted and went back..
For the upper line of the symmetrical triangle, In my opinion the upper line of the symm. triangle is the complete straight one but I drawed for you to the other line people suggest.
Breaking it mean a Higher-High for TEL since a long time and maybe a new ATH too
Push the like button for more <3
UPDATE:
After breaking the descending channel,
TEL Should tend to retest the upper border of the channel BUT TEL although broke the WEEKLY resistance and now it turned into support that I suggest that TEL will stand on it and will not retest the upper border of the descending channel I mentioned before One more thing, In a related Idea before, their was a supporting trend line that
TEL was above it, TEL is now back above it and surprisingly it align very good with the weekly support line.What should we look for ?
A daily close at the same level will be good, But am looking for a break to my triangle ..
For me as I told you before, We are in a symm. triangle too. TEL tried to break it but we got resisted and went back..
For the upper line of the symmetrical triangle, In my opinion the upper line of the symm. triangle is the complete straight one but I drawed for you to the other line people suggest.
Breaking it mean a Higher-High for TEL since a long time and maybe a new ATH too
Push the like button for more <3
Note
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.