🔥 Hi friends! HUGE UPDATE ON TWT. Trust Wallet added cross-chain swaps. Now coins from different blockchains can be exchanged within the wallet directly.
📊 WHAT IS A TRUST WALLET AND ITS LONG-TERM OPPORTUNITIES?
Trust wallet is a non-custodial wallet which is 4-year partner of Binance. As you already understood, all altcoins related to this crypto exchange are "guaranteed" to grow.
🔻TWT started to grow after the FTX collapse. A lot of traders start to transfer money to non-custodial wallets such as Trust Wallet, MetaMask, SafePal.
✅ CEO of Binance said that TrustWallet is the most downloadable wallet in the world. We can easily monetize it by adding a small fee for transactions within the wallet.
It is a good fundamental precondition to grow because Binance continues to invest in TWT. Maybe, it become the MAIN product of the Binance team in 2-3 years.
📊 TECHNICAL ANALYSIS
Now the price break the huge triangle and make +150%. Now I expect the pullback. The main precondition to pullback are the huge volumes at highs. There are always a pullback after such growth.
✅ THE BEST PLACE TO LONG TWT:
🔥 $1.23 - important key level and order flow
🔥 $1.65 - local high and the key level
🚩 You will be lucky to buy TWT at such levels. These 2 key levels is HUGE support, because we use the higher timeframe (1W) to analyse the chart.
If the price doesn't return to the key level, I will make the updates with local scenario and the best place to open a trade on lower timeframes.
🔥MY TARGETS FOR TWT:
1. $2.7 - the local high and resistance
2. $8-9 - the mid-term(!) target according to global triangle height
Traders, is this idea useful for you? Write your thought about TWT in the comment! Does it have a chance to reach $10 in a 1 year?
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊 WHAT IS A TRUST WALLET AND ITS LONG-TERM OPPORTUNITIES?
Trust wallet is a non-custodial wallet which is 4-year partner of Binance. As you already understood, all altcoins related to this crypto exchange are "guaranteed" to grow.
🔻TWT started to grow after the FTX collapse. A lot of traders start to transfer money to non-custodial wallets such as Trust Wallet, MetaMask, SafePal.
✅ CEO of Binance said that TrustWallet is the most downloadable wallet in the world. We can easily monetize it by adding a small fee for transactions within the wallet.
It is a good fundamental precondition to grow because Binance continues to invest in TWT. Maybe, it become the MAIN product of the Binance team in 2-3 years.
📊 TECHNICAL ANALYSIS
Now the price break the huge triangle and make +150%. Now I expect the pullback. The main precondition to pullback are the huge volumes at highs. There are always a pullback after such growth.
✅ THE BEST PLACE TO LONG TWT:
🔥 $1.23 - important key level and order flow
🔥 $1.65 - local high and the key level
🚩 You will be lucky to buy TWT at such levels. These 2 key levels is HUGE support, because we use the higher timeframe (1W) to analyse the chart.
If the price doesn't return to the key level, I will make the updates with local scenario and the best place to open a trade on lower timeframes.
🔥MY TARGETS FOR TWT:
1. $2.7 - the local high and resistance
2. $8-9 - the mid-term(!) target according to global triangle height
Traders, is this idea useful for you? Write your thought about TWT in the comment! Does it have a chance to reach $10 in a 1 year?
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Trade active
🔥Hi friends! We got the reaction from the lower key level. TWT at 1.23-1.24 is like a gift. Already made +26% profit from the key level. Hope you open a trade and make money with us!I recommend you pull up your stop loss in this case and book at least 20-30% of the profit.
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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.
Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
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.