TRBBTC
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 (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.
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 - gonna popThis chart looks very nice, looks to be ready to pop out this bottom range - a 5 month area of consolidation
The coin only released very late August 2020, with only a 1,7 million supply
It's another DeFi project that works in decentralised lending, where they work on providing solution for oracles and collarorations with ChainLink.
Technically a very nice chart, and fundamentally very sound too, fill the bags boys
TRBUSDT (TRB) - POTENTIAL BREAKOUT ANALYSIS 🔎
- TRBUSDT is consolidating in a symmetrical triangle pattern.
- Breakout is imminent.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
- Projected ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
TRBUSDT - DOUBLE BOTTOM ANALYSIS 🔎
- TRBUSDT is printing the double bottom trend reversal pattern on the daily timeframe.
- This is a bullish pattern.
BUY ENTRY ⬆️
- Breakout above the neckline resistance (R1).
TARGET 🎯
- Resistance 2 (R2)
SETUP INVALIDATION ❌
- Breakdown below the previous swing low.
TRBUSDT - Potential buy entry 🔼TRBUSDT is printing a falling wedge pattern.
Price brokeout above the wedge resistance.
Price action is printing a minor ascending triangle pattern.
Buy entry ⬆️ - breakout above the ascending triangle resistance.
Target 🎯 - resistance level.
Setup invalidation ❌ - breakdown below the ascending triangle inclined support.
Tellor (TRB) Inverse Head & Shoulder (IH&S)TRB is forming the inverse Head & Shoulder (IH&S) pattern. We will see a good rally in TRB after it breaks the neckline. The main resistant zone is 900 and after that TRB will skyrocket.
Buy Zone: 660-670
Target: 740-810-900-1050-1270-1500-1800
Stop Loss: 574
TRBBTC 12H long setup; Targeting top of the accumulation zoneTA Explained
TRB ranges in this horizontal zone for some time now. After the bounce on the support zone and the break of the descending trendline a upward move can be expected. After the break of the TL a pullback into the entry zone would be the best way to enter a position.
SL can be pretty tight because the setup will be invalidated if support is lost.
Trade setup
Best entries: 0.001254 -0.001322
TP1: 0.001642
TP2: 0.001893
TP3: 0.002299
SL: 0.001141
RR: 6.82
Max leverage: na
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)