Technical Analysis not working in crisis and in shocks. ATH soonThe 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! :)
Optimisim
SHIB Giving Powerful Alert on Macro ! Like many other asset prices in crypto Shib has been forming a baseline for a while
This is a powerful structure that can create fierce movement either way. Look to bitcoin in 2018. Bitcoin did fall there then by roughly 50%. Value cut in half. This is potentially in play for many assets forming a baseline.
If the trend stays green then the move out of this can be up with strength
A move out of the base structure can be very volatile.We are looking in terms of this recent alert for price to stay above trendline less we need to exit position from fear of trend turning against us.. quickly.
When moves fail they can fail fast
Becareful in holding positions that are going against you when in such a base. These base breakouts or breakdowns can be very rapid. For certain strategies we want to ride the trend.
There are other strategies
We try build tools that suit for different strategies in different situations check out the links provided
See you soon
GeorgeOnTV