TELCOIN (TEL) Looks like it's going to drop another 28%. The TELCOIN charts seem to indicate that a drop to the 0.001101 level could be in the cards after just being rejected off a 4H FVG (Fair Value Gap) on the daily chart.
I believe this coin could have a bright future, and being able to buy it at or below the previous low would be a great buying opportunity for those looking to invest for the long term.
Good luck!
Telcoinidea
Telcoin (TEL) Targets $0.005 to $0.008 by End of July
Fundamental Overview:
Telcoin is poised for a potential breakout driven by its solid fundamentals. With a fully functional app, regulatory wins, and a robust community, Telcoin has laid a strong foundation for growth. Recent insights from the CEO Paul Neuner suggest a major update is weeks away.
Technical Analysis:
Pattern Recognition: Currently forming a falling wedge pattern, a bullish indicator.
Fibonacci Levels: Price is at the 0.236 Fibonacci retracement level suggesting the retracement is over.
Historical Patterns: Following a similar price action seen during the 2021 bull market.
EMA Support: Price currently finding support below the 200-day Exponential Moving Average.
Chart Patterns: Showing a promising Three Drives pattern.
Long-Term Perspective: It's been 1145 days since its all-time high, down 96.19% with a gain of +2527.17% required to reach ATH.
Sentiment Analysis:
Community Metrics: Significant community growth with 97k followers on X, 18.6k Reddit subscribers, and 14.15k Telegram members.
Social Signals: Increasing Twitter and YouTube interactions and content creator activity.
Market Sentiment: Positive sentiment trend with growing social dominance.
TEL Community Posts
NightDefender2 “The later presence of incoming institutional involvement, would hugely eclipse the current price action estimates. That’s how massive the incoming institutions would affect Tel’s future and yours. Others would label this as hyping, rather I call this plainly, potential.”
CryptoCribz “ NYSE:TEL chart looks way healthier than 90% of the other tokens out there. Hodling up very strong as well.”
SilverBulletBTC “This is a real OG gem. Look at this beautiful setup retesting the 50 weeks moving average”
Additional Insights:
Telcoin app has garnered strong user ratings with 4.7 stars on Apple App Store and 4.6 stars on Google Play, reflecting over 100k downloads.
Recent updates and community growth underline increasing adoption and engagement.
Telcoin's resilience compared to Bitcoin's recent market performance highlights its potential strength.
Conclusion:
Telcoin shows compelling technical patterns and strong fundamental support heading into the bullish market phase. With increasing sentiment and robust community backing, Telcoin is positioned for a potential 100% increase by the end of July.
Disclaimer: This is not financial advice. Always do your own research before making any investment decisions.
$TEL UpdateNYSE:TEL Back to March '24 levels following #BTC drop, currently testing $0.002335 resistance, $0.002256 Key support in effect, next support areas $0.002208, $0.002157, $0.002096 (Key Support), 4H and 1D RSI in oversold region, current 1D following bearish engulfing from previous daily close, $0.002496 support needed to try and regain $0.002620.
$TEL UpdateNYSE:TEL pretty similar to CRYPTOCAP:BTC , closely following #Bitcoin, $0.003915 testing, current support at $0.003642. Bullish engulfing on last 1D close but looks completely dependent on CRYPTOCAP:BTC as of now to expect a follow up. $0.004580 support needed to reattempt at $0.005607, expect good resistance from $0.004580 unless CRYPTOCAP:BTC went nuts. $0.003472 key support here.
$TEL Update (Bullish Pennant)NYSE:TEL key support at $0.002496 in effect, very poor 4H close following CRYPTOCAP:BTC here, Bearish daily close, bullish pennant forming here range narrowing down, but this will become ineffective if CRYPTOCAP:BTC slips, let's see if plays out, $0.002951 test will be likely if played out.
TELUSDT Daily TimeframeSNIPER STRATEGY (new version)
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ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
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HADIMOZAYAN