TRB Decending tyriangleTRB UPDATE: TRB tested the daily and weekly TF resistance and we saw a big rejection from there….. So, what is next to be expected on TRB is the controversial question from most traders now but is easy to say because right now TRB is creating descending triangle on 30mins TF there is two scenarios I will be looking at from here….
First scenario is for TRB to retest the 30mins bearish OB above as indicated in the chart before further downside movements
OR
Second scenario is for TRB to break the support on the descending triangle….
In short, any break of the descending triangle will trigger sellers to come in and pull the price down to 4hrs support…. Watch out for the breakdown and take good short from retest of the resistance…..
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TRB
TRB at Risk of Dropping Out of Its Positive Price ChannelTRB's recent price increase in the last 24 hours continued the upward trend it has experienced in the past few weeks. Since August 22, the cryptocurrency has consistently achieved higher highs and higher lows, forming an ascending price channel on its daily chart.
This positive trend allowed TRB's price to surpass both the resistance levels of $50 and $79.35. As of the current moment, the altcoin is still trading above these significant price levels and is making an effort to break through the next barrier at $109.50. Earlier today, it tested this threshold, but encountered resistance from bears, causing TRB's price to retreat to its current level.
Nevertheless, there is still an opportunity for TRB to conclude today's daily trading session above $109.50. If it manages to do so, it may continue to follow the positive price channel depicted on its chart, potentially leading to a further increase in its price, possibly reaching as high as $164.85 in the coming days.
Anticipating a Correction
Traders and investors should be mindful of technical indicators on TRB's daily chart, suggesting the possibility of a short-term price pullback. At the moment, both the Bollinger Bands (BBANDS) and the Relative Strength Index (RSI) indicators indicate the likelihood of a slight decline in TRB's price.
Firstly, TRB is currently trading above the upper level of the BBANDS indicator, which is typically viewed as a sell signal by traders. A look at the altcoin's daily chart reveals that whenever TRB's price previously breached the upper level of the BBANDS indicator in recent weeks, traders took profits, resulting in a drop in the cryptocurrency's price to the 20-day Simple Moving Average (SMA) line before it resumed its upward movement.
What distinguishes this recent breach above the BBANDS indicator from previous instances is that, at the present moment, the 20-day SMA coincides with the lower level of the ascending price channel. Consequently, a correction in the next couple of days could potentially push TRB out of the positive price channel.
Should TRB break below this channel, it may target the $50 support level in the short term. Confirmation of this bearish scenario might occur if TRB falls below $79.35. Adding weight to this bearish outlook is the fact that the daily RSI indicator is also in an extremely overbought condition, typically interpreted as a sell signal by traders and investors.
TRB new ath or dump?TRB pumped over 1000% in a few months. What next? BINANCE:TRBUSDT.P
Possible Targets and explanation idea
➡️Weekly chart. Fib relevant. We bounce after long accumulation around 0.27 zone
➡️Now tested and got reaction at 0.5 lvl. Red block marked sellers zone
➡️Why exactly red block because its around 0.78 + 124.56 and its a 0.5 lvl of wick fib
➡️Interesting we still not see any signals to sell like it was in 2021.
➡️It means whales can push price higher to new ath and only after that dump to main block
➡️Main block for correction will be Monthly FVG what we will forming in October
➡️Based on Money Power indicator in June 2023 we got touch of bottom on money inflow
➡️Green circle - MACD div on weekly timeframe
➡️Now we are in distribution zone where whales can start take profit (look on previous times how this zones playing out)
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Perl the next trend startsToday I want to consider the position of perl, which, along with uft ooki pros cvp, has so far the highest goals for growth in the mid-range up to 3-5X and has repeatedly pleased with profits last year. The project is only developing and will still show itself. Today, perl was listed on CoinDCX, which will provide an increase in the volatility of the coin. Under the overall negative dynamics of the market, we rebounded from the profit-taking zone, which has already brought up to 90% profit, but there was a breakdown, which will ensure a return to the zone in the future. Since September, there has been a trend reversal, sales have been fully repaid and a new wave of growth begins to swing. The key level for the coin is 0.025, the breakdown of which opens the possibility of a hike to 0.050-75 and an increase in volatility. By the end of the month, we can expect an attempt to break a new bullish trend line and a stable consolidation above 0.025 with a further trend. Opening a month above the level will give stable support to purchases. I would like to note that the December impulse broke through the level of 0.050, which technically makes it possible to test 0.075 this year.
TRB/USDT Crucial Moment for TRB, What's the Next Move TRB ???💎 TRB is currently situated within a weekly resistance area, marking a pivotal moment for its trajectory.
💎 Examining past movements, TRB, just a week ago, experienced a substantial rejection at this level, plummeting 40% to reach a robust demand zone. Presently, TRB is retesting this weekly resistance area, following a notable rebound from the strong demand zone.
💎 A single confirmation is needed: a breakout of TRB through the weekly resistance and a daily candle closing above this resistance. If achieved, this area, once a formidable resistance, will transition into a support zone.
💎 Additionally, a prominent double bottom is visible on the chart, with the weekly resistance serving as the neckline for this pattern. A breakout in this area could effortlessly lead TRB to Target Profit 2.
Entry Strategies:
Spot Buy: Purchase post-TRB breakout and once the daily candle concludes above the weekly resistance area. This strategy is designed to circumvent false breakouts, necessitating a confirmation candle close.
Short Position: Await a bearish candle rejection within the 4h-12h timeframe and establish a short position. This position should be closed if TRB breaks out of the weekly resistance and the daily candle closes above it.
TELLOR $TRB going to pop?TELLOR has been quiet for a couple of weeks after the massive pump it experienced. It has retraced down to $41 and been in a redistribution phase since and has levelled out somewhat. The structure still has bullish momentum being above the aug '22 high around $46, which was resistance. If it continues to hold this level and flips it into support, a further push can be expected. The heavy sell liquidity zone is between $64 and $80 (nov '21 high), therefore the market will likely push TRB up to either make a double top or a new high, potentially followed by a massive crash towards the lower sup zone around $30. If price manages to reach $80 and break above it'll be either wicked up and sold off hard, although that will likely happen before overcoming $80, so say it does get above the main resistance zone, then a parabolic move towards ATH at $165 is not far fetched, which would likely result in an aggressive 60-70% dump back to the new found support around $46. It may sound improbable but TRB only has a $125M marketcap making it prone to insane, almost irrational, value increases. The bearish outlook would be confirmed by break of bullish structure and price breaking below $41, this would send TRB into heavy demand zone around $24-$33. Potentially making a bottom there and/or moving sideways. I do not think a visit of $12-$13 is likely, at least in the short term. Marketcap would sink back to FWB:25M -30M, which is less than average daily volume traded in past 60 days. Considering all in all, TRB is going to provide ample opportunities in the short and medium term! Let's get it ;)
Most important level to break for bulls: $56
Most important level to break for bears: $41 - $43
TP bulls: $64 -> $80 -> $164 ((extended(ATH)
TP bears: $33 -> $24 -> 12.9
BINANCE:TRBUSDT BYBIT:TRBUSDT.P MEXC:TRBUSDT.P BINANCE:TRBUSDT.P OKX:TRBUSDT
TRB#TRB
I will be short about this coin.
High probability that the coin will continue pumping. Last month it closed very bullish.
But, let me write you 2 possible scenarios.
If the coin continues it consolidation above 43$ - 46$ in this case, the retest of 64$ is possible (n.2)
If the coin closes with 1 H candle at around 43$ or below, in this case the coin will continue its downtrend towards to Green lines that I highlighted on the chart. On every level I would recommend to book your profits.
TRBUSD Sell the Channel Up peak. 1week RSI extremely overbought.Tellor / TRBUSD is on 6 straight green 1week candles. The long term pattern is a Channel Up which has grown more than +600% since it touched its bottom.
The 1week RSI is already much higher than the previous Higher High, in fact it is just under the 90.00 Resistance A, formed by the August 2020 highs.
We have entered a heavy take profit zone. The previous Higher High rejection pulled back to the 0.618 Fibonacci level.
Sell and target 20.00 (Fib 0.618).
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TRB is still falling!As we go further, we can see different scenarios for TRB on the chart.
After hitting TP 1 of the previous analysis, we saw the TRB pump.
By re-examining the TRB, it seems that the bearish triangle is being completed.
This falling triangle whose D wave is time-consuming and has become a diametric is also one of the valid TRB scenarios.
Do not enter the position without capital management and stop loss setting.
TRB's bull run is overTRB has been climbing for a long time and is up around 600%. It has reached an important resistance range that, in my opinion, cannot climb any further.
The red box is a suitable place for SELL/SHORT positions.
I also specified the invalidation level, closing a daily candle above this level will cause an analytical violation.
For risk management, please don't forget stop loss and capital management
I specified two tps .When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#TRB/USDT 5D (Binance Futures) Big descending wedge breakoutTellor Tributes printed a shooting star which probably marked the local top on that supply zone.
RSI is quite overbought, a retracement down to 200MA at least would make sense.
⚡️⚡️ #TRB/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 4.7%
Current Price:
38.512
Entry Zone:
38.997 - 44.129
Take-Profit Targets:
1) 30.911
1) 22.890
1) 14.868
Stop Targets:
1) 50.476
Published By: @Zblaba
LSE:TRB BINANCE:TRBUSDT.P #Tellor #Tributes #Oracle #Web3 tellor.io
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +51.3% | +89.9% | +128.5%
Possible Loss= -42.9%
Estimated Gaintime= 3-9 months
TRB COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVE !!LSE:TRB Coin Update & Possible Moves Near Me !!
• Almost on All Charts Look Overbought instead 1D Chart ( 1D Chart not Clear )
• You are able To Build position For Short with Tight Stoploss untill its price below 48$.
• RISK Level is High. Don't use High Fund.
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Is TRB in Bull Run?As we can see, TRB has made many climbs and broken many resistances.
By checking the chart, I realized that the serious TRB resistance is where I marked with the red box and there is a possibility of rejection there.
Until the price reaches this price box, sell/short positions are dangerous.
To reduce the risk, we can wait for confirmation after hitting the red box.
The green box is also an important and relatively strong support that can be used for the target.
I specified the invalidation level. Closing a 1-day candle above this level violates the analysis.
TRB will follow UNFIHello Traders,
IF Bitcoin remains stable, TRB can follow UNFI.
Reasons:
Very low circ supply (Only ~2.5m coins)
Low mc
Similar weekly charts already broke out dynamic resistance.
Keep an eye on it. It will be above ~$20 soon.
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Short Entry upon Wedge Breakdown for TRBGreetings, Snipers!
TRB has risen over 200% in less than a month during a bear market
The pump and dump forms a rising wedge
In the shorter timeframe, there is a clear diagonal support
We can short once there is a breakdown of this support.
TP1 at $24.4
TP2 at $16.6
Please ensure risk management and stop-loss (trailing $31, $34, $36 for futures) as this coin has a pump-and-dump nature. There is a price discrepancy with TRB futures, so beware of the funding rate.
Happy Sniping!
A new growth opportunity on last month's retest highTo date, a new opportunity has formed for the growth of violas and it is possible to make refills for the next couple of weeks. At the end of the month, the bulls made an attempt to reverse the monthly candle, but the weak euro did not break through 1750 to consolidate growth, which gave a signal for a retest of 1500. However, due to the opening of a new month above 1600, so far this movement is false for collecting positions of sellers of the previous month. The further goal is to work out the volume of buyers at the end of the month in order to open the second half of the month above 1750 and stop the seasonal drawdown of the market that has begun. With a negative scenario and a new drawdown of the euro, a repeated rebound from 1750 is possible with a possible hike below 1500 as part of a seasonal market decline. With a positive scenario and the consolidation of the euro above 1.075, there is an opportunity to gain a foothold above 1750 on the ether and the further goal will be a hike to 1900-2250 by November. This week, the foreign exchange market has opened positively, which gives every chance to take 1750 until the middle of the month.
Among the coins, only isolated developments are positive so far, but many altos can show dynamics similar to OAX in the next two weeks. Binance has added pros to margin trading, which can lead to strong growth. UFT vib perl cvp, which have similar oax and pros up to 5-7X from the current levels, also remain in priority. Growth up to 150-300% from current levels can show wtc for dock ooki loka voxel vite fis front burger fida chess fio drep hard wing df epx which are well suited for scalping.