TRUMP / TetherUS
Long
Updated

Technical Analysis not working in crisis and in shocks. ATH soon

1 364
The topic today is TRUMPUSDT .

There were several technical analysis in this page in the recent days, some of the bearish ones were more or less accurate, but definetly not to rely on.

My current thoughts about this token is that, people may say that this is a worthless token, no utility and stuff. At this point, ask yourself and check the market, how many cryptos out there with plenty of utilities and no market actions, and how are they out in the forest with only meme aim reaching the moon? It is not about this.

The sentiment among TRUMPUSDT gone wrong after this massive dump, the only way out if the president would start to promote and talk about this token, and maybe announce some sort of burning actions as well.

The coins like this is not only going downward. Currently we are in the trenches, i am pretty sure that soon we will reach again the ATH or more. We are here to make money, everyone does for that.

I just wanted to give you an optimistic impression in these red days that don't sell, don't panic, enjoy life, and wait a bit, the patience will be rewarded.
Not an advice as always, just a memory for the future myself! :)

Yes, please share your thoughts and discuss! :)
Trade active
Okay folks, since this platform is for technical analysis, let me share my toughts on that as well.

4h chart looks boolish, we are in a downtrend channel, which symbolises some sort of trend in terms of weak purchase power, increasing discomfort, mass selloff and all these ..
Bullish signals are the RSI, showing pretty great sign.
No candlestick formed yet with bullish signal, what we had earlier did not come out as true. We are waiting for a doji, hammer, harami, or a reversal pattern to make sure technically possible to increase.
What else? Elliot waves can be observed, price increased, decreased and this is continuously happening.
As i said earlier, technically analysing a volatile asset like that is pretty foolish, even if all signs are booolish..
snapshot

Still waiting for a huge green candle in daily timeframe.

Share your thoughts, please.
Thank you very much for all the great likes, boosts and followings.
Peace and wish you all the best!
Note
Okay, so literally 30 minutes ago at 01/02/2025 18:30, $TRUMP have posted a tweet on X about having killed plenty of terrorists (ISIS) with an airstrike. After this, TRUMPUSDT dropped 4-5 %...... This is what i am talking about when saying that Technical Analysis is not applying to this things.
Note
10+%, sorry. It looks like things getting out of hand..
Note
15+% ..... Actually, what?
Note
You can see my other idea on the Pythia token. Pretty bullish with that one

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.