TORN/USDT { TORNADO CASH } - BULLISH SETUPANALYSIS 🔎
- TORN/USDT hit a swing high and retraced.
- Price retested the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at the retest zone.
- The retracement was bounded in the falling wedge pattern.
- The falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance as expected.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the horizontal resistance level (@54.04).
- Limit entry: possible retest of the swing low horizontal support level (@49.01).
TARGETS 🎯
- Horizontal resistance level (@57.29)
- Horizontal resistance level (@83.71).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below the swing low horizontal support level (@49.01)
- Final invalidation : breakdown below the 0.786 fibonacci retracement level.
Torn
Tornado CashFast one,
Only 10 000 000 Supplies (less than BTC). Bottomed at 100$. This project is a crypto Mixer application to keep anonymity while u send BTC or ETH (Same as Wasabi Wallet).
Tornado cash could make a really decent x7 profits.
i suggest to buy it on Uniswap or Poloniex.
What Is Tornado Cash (TORN)?
Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses. Tornado Cash uses a smart contract that accepts ETH and ERC-20 deposits. These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.
Tornado Cash uses zero knowledge proofs (zk-SNARKs) to achieve privacy. When a user decides to make a withdrawal, the user must provide proof that he or she possesses a secret corresponding to one of the smart contract’s list of deposits. zk-SNARK technology allows this proof to be verified without the user needing to reveal which exact deposit corresponds to their secret. The smart contract then checks the proof, and transfers deposited funds to the address specified by the withdrawal transaction. Any external observer is unable to determine which deposit this withdrawal is linked to. TORN is Tornado Cash’s native governance token. It’s a fixed-supply ERC-20 token that is used for voting on protocol upgrades and fixes.
Buy Zone is now around 100$
TP : 690$
Happy Tr4Ding !
DXY to test 99.19 (last dance) 40/60% on this make up.
40% of me thinks we test 99,19 with a last dance type of rally
60% of me thinks we are f*cked in the US and the recession is OTW by July 4, 2020.
we can win on both sides however with a 99.19 test THEN the plummet.
DXY has been bought by all 4 session today as the last 2 4HR candles end bullish .
NFP is tomorrow as well to make matters sticky.
Tomorrow is first day EU banks will be open in since Friday of May 29.
Safe trading!
TRON Short Part IV #TRX #TRXBTC #TRONcareful a triangle just formed so my count is off or this is a really really shallow pullback. Either way it is going down shortly in my option. Not financial advice DYOR.
Marc
