TOMI wait for entry point long setup hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Tomiusdsignals
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!
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
A rising triangle on TOMI +1100% on the spot?Hi all, it's been a while since I posted any ideas, but now I suggest you take a closer look at TOMI cryptocurrency. The project appeared on the market at the beginning of the year and during this time managed to grow by 5562%! It has managed to be placed on a sufficient number of centralized exchanges and it feels like it is only gaining momentum.
Let's look at the chart, judging by it, we expect a breakthrough of the ascending triangle, the next target will be $66. The Fibonacci levels and the line from the base of the triangle to the resistance line point to this quote.
We can expect a pullback to the uptrend line if the asset fails to break through the resistance zone around ~$5.5 in the near future.
This is not a financial recommendation, everything you do is at your own risk.
Good luck everyone!
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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