18% drop coming for THRESHOLD!Threshold | T | has been on a tear up until the past few days. Even though it has dropped dramatically, it looks like an additional 18% drop is on the horizon.
Thresholdsignals
Tusdt long tradeFollow the diagram buy when the price comes at entry shown in diagram. Trade can take some days to complete .
Entry = 0.4464
Sl = 0.2375
Tp = 0.8952
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TUSD hit the Cycle's Golden Ratio. Expecting correction.Threshold (TUSD) just hit the 0.618 Fibonacci retracement level of the Bear Cycle just one day after breaking above its 1D MA200 (orange trend-line) for the first time in history. Needless to say this is a major bull target hit, the new Bull Cycle is already underway and as the 1D RSI almost reached 95.000, the overbought condition technically couldn't be higher.
Being the Golden Ratio, we expect a pull-back now on the 0.618, which can extend as low as the 0.382 Fib. Technically this is a major demand level as the zone within the 0.382 and 0.03200 was a strong Support level From May until August. An RSI around 50.000 with a price near the 1D MA50 (blue trend-line) would tick all the boxes for the next long-term buy. Our target is 0.1000 on a quarterly horizon.
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