Long
$TORN / USD ( #TornadoCash) ... Getting close to a bottom.
Hello Traders,
Tornado cash has seen some recent spikes in volume.
Seeing similar price action to previous bottoms before reversing to the upside.
Patient traders will wait for a confirmation break above the 50 ema.
Another layer of confirmation can be had by following the MACD and waiting for the momentum bars to flip green above the line.
In the later stages of this bull run, extra precautions must be taken, which is why we wait for confirmations.
Good luck!
Tornado cash has seen some recent spikes in volume.
Seeing similar price action to previous bottoms before reversing to the upside.
Patient traders will wait for a confirmation break above the 50 ema.
Another layer of confirmation can be had by following the MACD and waiting for the momentum bars to flip green above the line.
In the later stages of this bull run, extra precautions must be taken, which is why we wait for confirmations.
Good luck!
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.