TRB is going to DROP HEAVILY... pls be careful!!!!Attention: please dont FOMO. TRB is extremly overvalued and overbought.
There are 2 scenarios, either it goes down from current level which is around 122/110. Or it continue until 135/155 dollar. Either way, it will DROP HEAVILY and very strong.
Expect a drop of MININUM 50%. This uptrend can NEVER SUSTAIN without heavy CORRECTION. according IntoTheBlock data, 95% of HOLDERS are making money now because of TRB, 0% are in loss.
when you see this data, you know TRB is about to DROP MASSIVELY and shake up everyone.
BINANCE:TRBUSDT COINBASE:TRBUSD BINANCE:TRBUSDT.P KUCOIN:TRBUSDT
Tellor
TRBUSDT Elliott wave DailyTellor nice move to the upside!
Further, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave (v) of (3) upper is underway.
Below 55.40 we are looking to the downside for a correction wave (4) Possible pullback into 45.71 - 49.40 zone and than we are expecting to go upside to finish wave (5) of the wave (5) of wave (3) with possible target 72.30 zone.
Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
TRB analysis🛑 Note: This coin is a risky coin, and both long and short positions on this coin are risky.
Following the advertisements of Huobi and Kucoin exchange in social networks, we saw the pump of this currency and it has made many non-technical moves to liquidate small traders and stop hunting them.
It can have a pullback to the red zone and then witness the main drop. If it reaches this area, it can enter a sell/short position with a stop.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
TRB at Risk of Dropping Out of Its Positive Price ChannelTRB's recent price increase in the last 24 hours continued the upward trend it has experienced in the past few weeks. Since August 22, the cryptocurrency has consistently achieved higher highs and higher lows, forming an ascending price channel on its daily chart.
This positive trend allowed TRB's price to surpass both the resistance levels of $50 and $79.35. As of the current moment, the altcoin is still trading above these significant price levels and is making an effort to break through the next barrier at $109.50. Earlier today, it tested this threshold, but encountered resistance from bears, causing TRB's price to retreat to its current level.
Nevertheless, there is still an opportunity for TRB to conclude today's daily trading session above $109.50. If it manages to do so, it may continue to follow the positive price channel depicted on its chart, potentially leading to a further increase in its price, possibly reaching as high as $164.85 in the coming days.
Anticipating a Correction
Traders and investors should be mindful of technical indicators on TRB's daily chart, suggesting the possibility of a short-term price pullback. At the moment, both the Bollinger Bands (BBANDS) and the Relative Strength Index (RSI) indicators indicate the likelihood of a slight decline in TRB's price.
Firstly, TRB is currently trading above the upper level of the BBANDS indicator, which is typically viewed as a sell signal by traders. A look at the altcoin's daily chart reveals that whenever TRB's price previously breached the upper level of the BBANDS indicator in recent weeks, traders took profits, resulting in a drop in the cryptocurrency's price to the 20-day Simple Moving Average (SMA) line before it resumed its upward movement.
What distinguishes this recent breach above the BBANDS indicator from previous instances is that, at the present moment, the 20-day SMA coincides with the lower level of the ascending price channel. Consequently, a correction in the next couple of days could potentially push TRB out of the positive price channel.
Should TRB break below this channel, it may target the $50 support level in the short term. Confirmation of this bearish scenario might occur if TRB falls below $79.35. Adding weight to this bearish outlook is the fact that the daily RSI indicator is also in an extremely overbought condition, typically interpreted as a sell signal by traders and investors.
TELLOR $TRB going to pop?TELLOR has been quiet for a couple of weeks after the massive pump it experienced. It has retraced down to $41 and been in a redistribution phase since and has levelled out somewhat. The structure still has bullish momentum being above the aug '22 high around $46, which was resistance. If it continues to hold this level and flips it into support, a further push can be expected. The heavy sell liquidity zone is between $64 and $80 (nov '21 high), therefore the market will likely push TRB up to either make a double top or a new high, potentially followed by a massive crash towards the lower sup zone around $30. If price manages to reach $80 and break above it'll be either wicked up and sold off hard, although that will likely happen before overcoming $80, so say it does get above the main resistance zone, then a parabolic move towards ATH at $165 is not far fetched, which would likely result in an aggressive 60-70% dump back to the new found support around $46. It may sound improbable but TRB only has a $125M marketcap making it prone to insane, almost irrational, value increases. The bearish outlook would be confirmed by break of bullish structure and price breaking below $41, this would send TRB into heavy demand zone around $24-$33. Potentially making a bottom there and/or moving sideways. I do not think a visit of $12-$13 is likely, at least in the short term. Marketcap would sink back to FWB:25M -30M, which is less than average daily volume traded in past 60 days. Considering all in all, TRB is going to provide ample opportunities in the short and medium term! Let's get it ;)
Most important level to break for bulls: $56
Most important level to break for bears: $41 - $43
TP bulls: $64 -> $80 -> $164 ((extended(ATH)
TP bears: $33 -> $24 -> 12.9
BINANCE:TRBUSDT BYBIT:TRBUSDT.P MEXC:TRBUSDT.P BINANCE:TRBUSDT.P OKX:TRBUSDT
TRBUSD Sell the Channel Up peak. 1week RSI extremely overbought.Tellor / TRBUSD is on 6 straight green 1week candles. The long term pattern is a Channel Up which has grown more than +600% since it touched its bottom.
The 1week RSI is already much higher than the previous Higher High, in fact it is just under the 90.00 Resistance A, formed by the August 2020 highs.
We have entered a heavy take profit zone. The previous Higher High rejection pulled back to the 0.618 Fibonacci level.
Sell and target 20.00 (Fib 0.618).
Follow us, like the idea and leave a comment below!!
#TRB/USDT 5D (Binance Futures) Big descending wedge breakoutTellor Tributes printed a shooting star which probably marked the local top on that supply zone.
RSI is quite overbought, a retracement down to 200MA at least would make sense.
⚡️⚡️ #TRB/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 4.7%
Current Price:
38.512
Entry Zone:
38.997 - 44.129
Take-Profit Targets:
1) 30.911
1) 22.890
1) 14.868
Stop Targets:
1) 50.476
Published By: @Zblaba
LSE:TRB BINANCE:TRBUSDT.P #Tellor #Tributes #Oracle #Web3 tellor.io
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +51.3% | +89.9% | +128.5%
Possible Loss= -42.9%
Estimated Gaintime= 3-9 months
TRB will follow UNFIHello Traders,
IF Bitcoin remains stable, TRB can follow UNFI.
Reasons:
Very low circ supply (Only ~2.5m coins)
Low mc
Similar weekly charts already broke out dynamic resistance.
Keep an eye on it. It will be above ~$20 soon.
Please hit the boost button and follow me for more ideas.
Thanks
Tellor TRBUSDT Price Analysis (1d)Hello fellow crypto traders!
Tellor price action currently appears to be in a state of consolidation, characterized by a mix of bullish and bearish signals. The price seems to be encountering a significant challenge at a long-term resistance level.
For a bullish scenario to unfold and further price increases, it's crucial for BINANCE:TRBUSDT to breach the key resistance level at $18.60. Breaking through this barrier could fuel additional upward momentum.
Conversely, if COINBASE:TRBUSD fails to overcome the $18.60 resistance, we might anticipate the price to remain below this level and potentially retreat towards the critical support level at $10.0. Monitoring price movements closely in this range will be essential to assess the next major direction in Tellor market trajectory.
TRBUSDT Smashes Bearish Chains 💥💎#TRBUSDT has finally shattered the confines of the declining channel on the daily timeframe. For 108 long days, it remained bound by this descending trajectory, but now, a glimmer of hope emerges, hinting at a potential trend reversal.
💎While #TRB steadily ascended, the uptrend trendline proved its significance, consistently guiding the price higher, even up to this very moment. Todays' bounce off the trendline occurred precisely at the $11.68 low, aligning perfectly with the long-term demand area. This exceptionally positive development for #Tellor foreshadows rapid growth in the days ahead.
💎Yet, it's essential to acknowledge that the upper trendline of the descending channel could still act as a magnet, potentially leading to a retest before #TRB embarks on a ballistic journey. However, equipped with the knowledge of the higher probability outcome, we will seize the most lucrative opportunities.
💎Now, let us consider the key to maximizing profits. In the case of #Tellor, the price should aim for at least the double Fibonacci resistance, as clearly marked on the chart. Proper exit strategies are critical for traders, and Paradisers must remain attentive to the previous lower low, for a breach below could be an ominous sign for buyers.
Step by step go up to 12 - 12.7Tellor BINANCE:TRBUSDT has completed fourth-wave and it's creating a fifth-wave go up to $12.7
Chart 4H TF,
Tellor has a Resistance Zone around $12, if can get over that level, further target around $12.7
Chart Daily TF,
Easily spot that resistance ($12) on daily chart.
I expect Tellor (TRB/USDT) will pullback when hit those level (12 - 12.7)
$TRB - Double Bullish DivergenceHello my Fellow TraderZ,
$TRB is ranging inside a FALLING WEDGE Pattern on 4 HTF.
I've mentioned here that the Double BULLISH DIVERGENCE is in formation on 4H RSI.
Price is just getting hit by EMA 55 if clears and breaks out of the Wedge Pattern, we can see the mentioned targets.
Also if we lose $14.7 , look for SHORT,
Trade well FAM. CHEERS!!!
TRB trend lines and fib levels#TRB/USDT
$TRB touched 0.5 fib level of weekly swing down and dropped to support zone which is the same with support zone around $20.
🐮 holding above this support zone, and after several days of sideways move between $30 and $20, it can head up to descending trend line which is the same with 0.5 fib level again.
break out from this level will increase price to resistance zone around $60.
🐻 breaking down from support zone will drop price to descending support around $3!!
Tellor (TRB) formed bullish Shark for upto 26% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tellor ( TRB ) token with US Dollar pair.
Now on a 4-hr time frame chart, TRB has formed a bullish Shark .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
#Tellor #TRB on the way to $53 ??!!If price closes above $38 the next target would $53 (FIB golden pocket)
Both price levels are made by volume profile
Remember we are already above the trendline channel with touch points May 2021 and November 2021 dear Crypto Nation
Drop me a nice comment
*not financial advice
do your own research before investing