Tominet
TOMI/USDT Breaking Out of Descending Channel? 👀🚀 TOMI Analysis💎 Paradisers, direct your focus to #TOMIUSDT, as it's currently charting a fascinating course in the market. The asset is demonstrating a strong potential for a bullish movement from its existing demand zone.
💎 A deep dive into the recent market behavior of #TomiNet reveals a pattern of descent. After facing resistance at $2.02 and undergoing a retracement, TOMI now seems poised for a bullish climb from the demand zone around $1.060. Should TOMI successfully hold above this zone, its next significant targets could be the supply levels at $2.24 and $4.00.
💎 Nevertheless, considering the crypto market's inherent volatility, #TOMI traders should be prepared for various eventualities. If TOMI struggles to keep its momentum at this demand level, a prudent approach would be to gear up for a bullish recovery from a lower support level at $0.59.
💎 A move below this support level would call for a critical rethinking of strategies, potentially indicating difficulties in continuing a bullish trend in the market.
💎 Stay alert and flexible, Paradisers. Your ParadiseTeam is dedicated to equipping you with the latest market insights and strategies, ensuring you're well-prepared for these market changes.
Waiting for growth tomiNETTomiNet has been following this project for a long time and so far on the chart everything looks not quite bullish, but against the background of the growth of the whole market and the latest announcement from the developers that they are going to make an important statement at Binance Blockchain Week that will be held in early November in Istanbul, I expect a reversal on the chart.
At the moment the price is at the lower edge of the formed triangle, which serves as a trend line of support for the price.
The first target is the price rise to 0.236 by Fibo +20.4% from the current values.
The second target is 0.386 Fibo +36.3% from current values.
The third target is 0.618 Fibo +64.5% from current values.
In general, the area from 2.93 to 3.5$ is important due to the fact that there is a descending triangle trend line, if it is broken through and consolidated above it, I expect the continuation of the upward price movement.
Targets are marked on the chart.
This is not financial advice, everything you do you do at your own risk!
TOMIUSD This is the start of a rebound to 6.000TomiNet is having a strong rebound on today's (1d) candle, forming a Rising Support much like the March 14th Low.
If the pattern mimics that fractal, then this could be the start to a very aggressive rise.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 6.000 (Fibonacci 3.0 extension same as the March 24th High).
Tips:
1. When the MACD (1d) forms a Bullish Cross, the buy signal will be confirmed.
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tomiNET failed. What to do next?After breaking through the resistance area near $5.5 (on the background of listing on Kucoin) the asset failed to consolidate at this level. There was a logical correction to the uptrend line, but on the background of unstable market, the price broke it.
Now for two weeks, the asset is moving in a sideways channel.
What can we expect?
If the asset decreases below the support level near $4.10, you can expect a further decline in price to the nearest Fibo level of 0.618.
Decrease below the target important Fibo levels on the chart is also possible.
For the continuation of the upward movement the asset still needs to consolidate above $5.5
tomiNet | TOMI (37X in 5 months)The price of tomiNet is $6 today with a 24hour trading volume of 21 million dollar. This represents a 15% price increase in the last 24 hours and a 69% price increase in the past 7 days.
tomi is a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for the Web3. Governable, manageable, easy to use and unblockable.
the price jumped 100% in one month and its 3700% in five month which shows if you know how to find crypto gems you always got edge in any situations
TOMIUSD Pull-back or break-out depending on the candle closing.TomiNet (TOMIUSD) traded exactly as we planned on our analysis last month (see chart below):
The Channel Up since January is still holding, so does the 1D MA50 (blue trend-line) as Support and the price just broke above the 5.5000 Resistance today. In order to call for an upward extension, we need to see a 1D candle closing above it. If it does, we expect a Higher High. If not then a -32% correction (5% less each time) to the 1D MA50, and then long-term buy. In either case, our target will be 8.5000.
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TOMIUSD Buy the pull-back on full displayTomiNet (TOMIUSD) is trading within a Channel Up pattern since the start of February and right now has almost done a Double Top on the Higher Highs trend-line. On the previous two occasions this has resulted in a pull-back marginally below the Channel's middle (dotted trend-line).
As long as the 1D MA50 (blue trend-line) is holding, we will buy the pull-back and target the recent High (Resistance) at 5.50000.
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