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TOMO

#TOMO/USDT 12h (#Bybit) Ascending trendline breakdown and retestTomoChain seems likely to be rejected on TL resistance and head down towards 100MA support. ⚡️⚡️ #TOMO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (1.7X) Amount: 5.1% Current Price: 1.5155 Entry Targets: 1) 1.5995 Take-Profit Targets: 1) 1.0505 Stop Targets: 1) 1.9665 Published By: @Zblaba OMXSTO:TOMO #TOMOUSDT #TomoChain Risk/Reward= 1:1.5 Expected Profit= +58.3% Possible Loss= -39.0% tomochain.com
TShort
by TradingOn
$TOMO Performing ascending triangleOMXSTO:TOMO Performing ascending triangle pattern bullish What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since price will typically break out in the same direction as the trend that was in place just prior to the triangle forming. 1 CFA Institute. "Technical Analysis." An ascending triangle is tradable in that it provides a clear entry point, profit target, and stop-loss level. It may be contrasted with a descending triangle. KEY TAKEAWAYS The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
TLong
by UnknownUnicorn26572303
1
TOMOUSDTBINANCE:TOMOUSDT situation is as follows: A descending channel has formed, and we can confirm it with multiple price bounces off the channel. Ignore the shadows that extend beyond the channel; they are only stop hunts and liquidity grabs. There is a possibility that the price may decline to $1.25 and then bounce back up from there or complete the downtrend until it reaches the bottom of the channel. "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
TShort
by Madoir
TOMOUSDTIn my previous analysis, some individuals misunderstood this token. They thought my analysis was a prediction of the future and believed it must be accurate. However, they did not realize that I am an analyst, not a fortune-teller, and any analysis can be incorrect or correct. However, the current conditions for the Tomo token are as follows: We are witnessing a downward channel, confirmed by the descending pivots I identified on the chart. How far this downward trend can continue, I do not know. But in the past few days, we have seen heavy selling pressure, leading to a further decline of over 40% for this token. Someone claimed that the development team is selling, but I couldn't find any information to support this. The current price is positioned on the lower trendline of the downward channel, which could potentially cause a price rebound. Additionally, due to the selling pressure in the past few days, an unbalanced price zone, known as a fair value gap (FVG), has been created. This zone needs to be filled, and in most cases, the price will return to this zone. Based on this assumption, I see a possibility of price increase with an entry point at 1.055 and a movement towards 1.30, followed by another price decline. However, I must reiterate that this is solely my analysis and it could be entirely incorrect. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
TLong
by Madoir
11
TOMOUSDTTomo has started a downward movement by creating descending pivots. During approximately 100 days of strong upward movement, this cryptocurrency is seeing descending pivots for the first time. The price may either stay within this range or return to the nearest reliable support levels, which are around $0.85 and $0.80. However, in my opinion, a return to a lower support level is more believable. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
TShort
by Madoir
11
Signs of Potential Recovery Following Recent Sharp DownturnCryptocurrency TOMO has recently been the subject of much attention within trading circles due to its recent significant volatility. With a sharp drop of around 11 to 12% over the last 24 hours, the coin has understandably caused concern among its investors. However, an analysis of the 1-hour time frame chart offers potential signs of hope for a recovery. The current price stands at 1.2829, hovering slightly above the local support level at 1.2408, with the solid support further down at 1.0825. This downturn has indeed been severe, but it's crucial to understand that financial markets, including cryptocurrencies, are prone to such fluctuations. Analyzing key metrics, the Relative Strength Index (RSI) stands at 29, nearing oversold territory. This often indicates a potential for a price reversal, offering a glimmer of hope for those who have suffered losses. The MACD at a negative 0.0359 suggests sellers currently dominate the market, but the stochastic reading of 42 hints at returning buying pressure. Resistance levels are at 1.4065 (local) and 1.6590 (solid). Breaking through these levels could signify a bullish run. The 50 length EMA currently stands at 1.3802, suggesting a recent bearish trend. Despite the immediate downturn, the chart shows an ascending wave pattern when viewed from a wider perspective, like on the daily, weekly, or even 4-hour time frame. This suggests that the sharp decline could be part of a broader upward trend, touching the lower band of the ascending channel before potentially rebounding. Given the high OBV of 134 million, it appears that there is a sustained interest in TOMO, further bolstering the prospects of an upward price movement. For those who are currently invested in TOMO, the key is to manage your positions wisely. Consider using stop losses to limit potential downsides and protect your portfolio. Stay informed about market trends, adjust strategies accordingly, and maintain a disciplined approach to trading. Remember, while the current situation might seem worrying, the signs suggest potential for recovery. Markets are known to rebound after sharp declines, and TOMO might just be gearing up for one.
T
by ShawnMCR
10
TOMO: The Market BalanceIn the volatile world of cryptocurrency, TOMO stands out as a coin worth watching. Our analysis of the coin's performance on the 1-hour timeframe paints an intriguing picture. The Fibonacci retracement tool, a common technical analysis tool used by traders, identifies several key levels to watch out for. The zero level stands at 1.6581, while the half and first levels are at 1.5309 and 1.4038 respectively. Further scrutiny reveals intermediary levels at 1.5981 (0.236 level). A critical tool used to identify potential trend reversals, the 50-period Exponential Moving Average (EMA), currently sits at 1.5368. Traders keeping an eye on this figure may gain insight into the market's overall sentiment towards TOMO. The volume oscillator, a measure of volume change, displays a -13% reading. This could suggest a decrease in trading activity that could potentially impact the strength of the current trend. The Stochastic oscillator and the Relative Strength Index (RSI) – two indicators used to identify overbought or oversold conditions – stand at 65 and 63 respectively. These values point towards a neutral market, neither significantly overbought nor oversold. The On-Balance Volume (OBV), an indicator that uses volume flow to predict changes in price, is currently at 144 million. This metric, coupled with the modest 9% change in price over the past 24 hours (leaving TOMO at a current price of 1.6314), paints a picture of an active market. The Bollinger Bands, a statistical chart characterizing the prices and volatility of TOMO, show the upper band at 1.6843, the middle at 1.5911, and the lower at 1.4978. This information could be pivotal for traders in identifying short-term price volatility. Most notably, the market performance over the past week suggests that TOMO is near a critical resistance level. On Monday, June 12th, the price peaked around 1.7, and just a few days earlier, on Thursday, June 8th, another high was registered at around 1.6467. In conclusion, the current indicators and recent performance suggest TOMO is heading for a critical test at its resistance level. As always, trading decisions should be made based on a comprehensive analysis of market conditions and personal risk tolerance.
T
by ShawnMCR
3