TRB looks primed for some bullish moves. The token printed a bullish MACD Crossover on the daily chart just today. In addition, Tellor broke through its local resistance at $75 and confirmed it on the daily chart, too.Moreover, the bullish MACD crossover shows solid results in backtests. Based on 28 appearances, the signal led to gains of 10% and more, up to 71%.
From a trade setup point-of-view, a first take profit goal can be set at $89, leading to gains of ~14%. As 2nd take profit, the EMA200 seems logical, sitting at $92.50, resulting in 20% gains.
A stop loss can be added slightly below the previous resistance at $75 (e.g., 74.5), resulting in a risk/reward ratio above 5!
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
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.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
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.