TRB
Tellor (TRB) formed BAT pattern | A good long opportunityHi dear friends, hope you are well and welcome to the new update on Tellor ( TRB ) token with BTC pair.
On a small time period 2-hour chart, the price action of the TRB token has completed the final leg of bullish BAT and entered the potential reversal zone.
Possible profit and loss ratio:
This trade has a profit possibility of 14.5 % and the loss possibility is 2.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Tellor TRB: slow mover, when MOON?To be honest, I hate this token. It moves sooooo little as if we were in a bear market.
The most strange part is, TRB is an ORACLE!!! Its counterpart, Chainlink, has done a 400x increase in one year!
But I still have some TRB in my moon bag, bc the chart is bullish.
TRB has formed a double- or triple-bottom, like many other coins that listed in fall 2020. It was under accumulating between 13-39 usdt for several months. A cup-and-handle formation after it revisits 67. We have higher lows in the recent BTC dump. Its BTC pair has a long-term bullish divergence.
Oracle is one of the essential infrastructure of the DeFi and DAO world.
And TRB has a small market cap of just 60 mil. In the same category, we have LINK of 12 bil, and BAND with 300 mil. TRB has potential to do another 10x or more as the ALTs season continues. Not a financial advice, but I will support my prediction with my own money.
Thank you!
TRBUSDT A descending triangle is formed and Moving Average has supported the price perfectly within 4 days or 5.
Ichimoku cloud remains ascending and green which can lead us to rise, AND last but not least, MACD indicator provides us enough supporting idea to buy, IF we could stay above the Trend Line within the next couple of hours.
Trade safe
🆓Tellor/USDT Analysis (3/3) #TRB $TRBThe buying force is coming and 35$ is really a good zone to buy TRB. It will head up to 48$ zone, this zone is very strong and I think a selling force exists there so we should pay attention to that zone.
If TRB can surpass that 48$ zone, it will move up to 80$ zone at early April
📅NEWS
No News
📈BUY
-Buy: 34-36$. SL if B
📉SELL
-Sell: 47-49$. SL if A
-Sell: 76-80$. SL if A
♻️BACK-UP
-Sell: 34-36$ if B. SL if A
-Buy: 27-29$. SL if B
-Buy: 20-22$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
TRBUSDT (TELLOR) - UPTREND CONTINUATION ANALYSIS 🔎
- TRBUSDT brokeout above the double bottom neckline resistance as expected from my previous analysis.
- The market hit a swing high and retraced.
- Price is retesting the double bottom neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this retest zone (High buying pressure).
- The retracement is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Conservative entry : breakout above the descending trendline resistance.
- Aggressive entry (risky) : market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- ATH resistance.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
TRBUSD - 29% Short Opportunity or 20% Long OpportunityMy opinions are not financial advice!
Potential short opportunity on TRB/USD 1H timeframe. BTCUSD is currently in a breakout -- altcoin short opportunities will likely rely on a Bitcoin retracement or correction back to mid-40k levels.
If Bitcoin does not retrace, the top yellow trend line for TRB will likely become a support line instead for a 23% long opportunity.
If Bitcoin does retrace, TRB will bounce off of the top yellow trend line for a 29% short opportunity. A short opportunity is more likely as RSI(14) is oversold.
Short target set based on (relatively) linear regression channel and weekly Camarilla L3 pivot. Short stop set near 41.5 resistance/support level and accounts for 1:3 risk/reward ratio.
Long target set based on (relatively) linear regression channel and weekly Camarilla H4 pivot. Long stop set just below a consolidation channel and accounts for 1:3 risk/reward ratio.
You can hedge your position to include both long and short.
TRBUSDT (TRB) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎
- TRBUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3, R4).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
TRB - following CRV's path to ValhallaTRB - following CRV's path to Valhalla
yup, just a bit more squished compared to CRV's Giraffe pumps. But she should follow suit. Similar with DIA. they should do the same thing. defi was getting pumped as a whole before, they should cool off here, and these smaller minnows will go hard soon after the bigger caps run here (see what ADA just did).
Buckle up. Lets get it.