TOMO/USDT Technical Analysis: Bearish Channel Breakout PotentialTOMO/USDT Technical Analysis: Bearish Channel Breakout Potential
In this technical analysis, we will analyze the TOMO/USDT chart and explore its potential bearish movement. It is essential to note that this analysis is not financial advice, and readers should conduct their research before investing in any cryptocurrency.
Current Price:
At the time of writing, TOMO is trading at $0.913.
Ascending Channel Breakout:
The TOMO/USDT chart is currently trading in an ascending channel, which is a parallel channel that indicates a bearish trend if broken downwards. The channel was last broken on March 2, 2023, and resulted in a 23% downside target.
Bearish Potential:
If the support line breaks, we can expect a 44% down move from the current level and a 36% down move from the breakout area. Thus, the bearish potential is significant, and investors should be cautious.
Weekly Resistance Level:
The weekly strong resistance level for TOMO is between $1.20-$1.30, and we anticipate a big rejection at this level.
Key Levels:
Support: $0.82/$0.51
Resistance: $1.10/$1.30
Conclusion:
In conclusion, the TOMO/USDT chart is currently looking bearish, with the potential for a significant down move if the support line breaks. Therefore, investors should conduct thorough research and consider risk management strategies before making any investment decisions.
Follow us for more chart analysis.
Thank you.
TOMOUSDT
Tomousdt 12h time-frame Tomousdt
Facing doubke resistance on 12h time-frame
Breaking down first trendline support I am expecting a retest again incase of again rejection tomo price will drop 20-30% most probably
Don't Miss TOMO Breakdown#TOMO Breakdown and Retest Done! Good SHORT opportunity with proper risk management
Targeting 0.8000
TOMOUSDT(TomoChain) Daily tf Range Updated till 10-05-23TOMOUSDT(TomoChain) Daily timeframe range. price action is not very stable on this one, pushing continuously non the less. closing above #1.0045 will oven a path till #1.4395. pushing on days like this where many alts bleeding is a good prop.
TOMO: Defying GravityStarting off with the basics, TOMO/USDT has seen a hefty 22% uptick in the past 24 hours and is currently trading at 1.0327. However, the Relative Strength Index (RSI) is at 74, which is a bit high, indicating that the asset might be overbought. This means that there could be a potential pullback in price due to traders selling to take profits.
Next up, let's look at our Fibonacci retracement levels. The 0 levels at 0.9800 is acting as a potential resistance since it's just below the current price. Meanwhile, the 0.5 and 1 Fibonacci levels at 0.8994 and 0.8187, respectively, could act as support if the price starts to retrace.
Let's now consider the Bollinger Bands. These levels give us a sense of the volatility in the market and potential support and resistance levels. The price is currently between the middle and the upper band, suggesting it's in a bullish phase. The upper band at 1.0547 is the next immediate resistance, while the middle band at 0.9408 can act as a support. If the price breaks below the middle band, the lower band at 0.8272 comes into play as a stronger support.
The Moving Average Convergence Divergence (MACD) at 0.0360 and the stochastic oscillators at 67 both support the bullish sentiment, indicating a strong buying momentum in the market. This could potentially push the price to test the resistance levels.
Moreover, the positive volume oscillator at 25% and the high On-Balance-Volume (OBV) at 131M indicate that there's significant buying pressure. This is a good sign for the bulls and could possibly drive the price up further.
The Exponential Moving Average (EMA) at 0.9244 is an important level to keep in mind. If the price falls, this could act as a support level.
Finally, the 24-hour high and low levels at 1.1 and 0.8273, respectively serve as the extreme resistance and support levels for the day.
To sum up, the immediate resistance levels are the 0 Fibonacci level (0.9800) and the upper Bollinger Band (1.0547), while the immediate support levels are the middle Bollinger Band (0.9408), the 0.5 Fibonacci level (0.8994), and the EMA (0.9244). If the bullish momentum continues, the 24-hour high (1.1) could be tested. If a pullback occurs, the 24-hour low (0.8273) could be the stronger support to watch for. Always keep an eye on these levels and adjust your trading strategy accordingly.
TOMO ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TOMO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TOMO USDT NEXT EXPECTED MOVE.#TOMO /USDT Updates!!
• On daily & 4h tf macd & rsi indicators still look bearish.
• Fundamentaly too week project.
• Small bounce expected from 0.70$.
• Don't invest upto 3% under this project if you are going now to trade on it.
• Just Do micro trades.
⚠️ Do trades at your own risk⚠️
Follow for more updates.
TOMOIf above 0.8284
T1: 0.9092
T2: 0.9495
T3: 0.9858
If under 0.6927
T1: 0.6497
T2: 0.6014
T3: 0.5676
TOMOUSDTTomo has a specific path and goal. I will wait in this price range.
⚠️ Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
TOMOUSDT - continue to follow the trendHello everyone. Today the market decided to arrange a red day for us. Many coins that pressed resistance levels, all of them could not break through them and went down by a decent correction of 5-7%. The exception to the rule was TOMOUSDT, which in principle has been holding up better than other coins for a long time. The market sentiment remains as positive as ever. The only thing is not clear how many more coins will be blunt at their resistance levels. Well, I think TOMOUSDT will also go further up from the trend line. Therefore, it is a good option to enter the position at 0.742. I hope the price will allow you to do it again. The goal is to reach the previous peak at 0.85. And the stop for the support line is 0.722
TOMOUSDT locally still have to growHello everyone. I think everyone has noticed for a long time what a rally the TOMOUSDT coin has staged. There are no special reasons for its stopping yet, but now, on the general small correction of the market, there is a good chance to go long, and even with a small stop. The nearest target is 0.7258. And so in the future, of course, we must wait for the exit beyond this level of 0.7258. We will put a stop at 0.6418 (2%)
TOMOUSDT 2H HR MTTOMO has a pump on the way to the beginning of the fourth wave, with the correction of 0.618 Fibo and hitting the bottom of the uptrend.
TOMO formed Head and Shoulder PatternTOMO formed Head and Shoulder Pattern!
Wait for proper retest after breakdown
TOMO SHORT SETUPHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TOMO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#TOMO, 2D Bull Confirmed yesterday by the UCTS indicator#TOMO
2D Bull Confirmed yesterday by the UCTS indicator
All it needs is a break above local highs and this may fly
🤞🧘♂️
tomo short positiontomo over bought on all time frames .
risk to reward is mantion
and target is at POC level . lets see
Tomo is still bearishHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TOMO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Tomo | If You are following my signals Already 30% Profit Tomousdt
Our Signal is already in 200%+ Profit 20x Leverage
Expecting Mid Term Target 1$
Buy buy buy
TOMOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for TOMOUSDT
In the current chart, R2 and R1 on the top are the resistance areas which contain the unsuccessful attempts of price to rise. And S1 used to be a long-term resistance line. At the present, the price was able to have a noticeable rise and could break S1 upward and now it is fluctuating above this line. We will predict it to continue its fall and there by providing us some rising signs, an increase for the price to touch higher amounts is expected surely. Or even by receiving some confirmation candles for the purpose of a decline, more fall would take place for the price downward. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
TOMO (short bias)No need fo further explanation. I trade in simple ways please do read my explanation it is on the chart. Any feedback is much appreciated
TOMO - Critical areaHello, dear TradingView members.
This is a TOMO idea.
TOMO's price is in a critical area.
If the middle support line (in red) holds the price up, we can consider this a bullish breakout.
If the price falls from this level, it will continue its bearish trend in the regression.
RSI is overbought, and the price has more room to go up.
If you guys have any other perspectives, let me know. I'm really interested.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
