TLM
Rounded Bottom pattern on $TLMThis is a personal short -term swing trade I'm taking for Alien Worlds awesome $TLM coin.
PATTERN_____
Rounded Bottom (RB), or possibly Cup and Handle (C&H). Parabolic Curve Theory (PCT) applies.
TECH ANALYSIS_____
4-hour timeframe chart.
I'm approaching this Rounded Bottom with PCT. Have already recognised a sub-base (follow up on my research for PCT) which I name .b1.1 and bases 1 and 2 (.b1 and .b2) already reached byr Price Action (PA).
Ichimoku is bullish on the Kumo Cloud which is broad and beneath PA. Tenkan and Kijun are bullish and with plenty space between them. T over K is bullish. Impulses will grow longer and higher as it moves from base to base.
Chikou lagging span (purple line on my setup) is far and above PA which is bullish as well.
EXPECTATIONS_____
PCT has it that from .b3 up price could double in the shortest period which is consistent to base 3 being at a 0.56 price level and close of RB at 0.93 which is roughly double.
I expect RB to develop into C&H pattern or keep moving up for a measured move equivalent to the cup's depth (360+%) over a longer period of time. We will probably see $TLM passing the dollar within a week.
THREATS_____
BTC volatility and dominance kicking in.
I'm doing...
Entry Price (EP): range between 0.416 and 0.435
SL: Manual
TP1: 0.47
TP2: 0.56
TP3: 0.65
TP4: 0.77
TP5: 0.93
DYOR and TIT
TLM upward potential 5x / 10xTLM , 'Alien Worlds Chart' has been listed on binance after a very nasty drop from 6 usd to 0.5 usd .
One of the few which declined before a Binance listing.
Technically we have broken out of a descending wedge, though this is the 15 mins chart.
I just show the possibility of an upward potential of at least 5x on the short term and a 30x or a price level of 9 usd on a midterm, if we revisit the 6 usd.
Nevertheless we have to take in account the market cap which has risen while the price has been steady, which means some tokens have been added in the pool.
Still we have at least a 3x upward potential to ATH market cap and beyond.
I would say, a strong undervalued coin.
Elliott wave analysis is in comparison with an opportunistic FIB level, but not excluded.
Hoodle your TLMJust like the SUSHI last year, it started 16$ and then dumped to 0,5 $. Most social media fenomens said it is a shitcoin and people including me sold at very funny prices. I remember I sold şt around $2? This is not more than 7-8 months ago.
The same thing is happening in this coin.But this time I will not sell early.If you agree with me please click like botton.Thank you.