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TRBUSDT

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….. Follow for more market update
Short
by MICHELXM
8
TRB – Break Support and Down You GoTRB broke below the support trendline of the Rising Broadening Wedge. The 21D EMA and the weekly S/R level at 46.7 is still holding Tellor’s price. As long as these support levels hold it could still try for higher. If TRB drops below these supports, it could retrace most or all of its gains. Wait for a retest of the 21D EMA as resistance before taking the trade (Assuming you are interested). Look for a break below the RSI support as confluence. A move down to the 200D EMA, at least, is likely, IMO. Trade Idea: • Entry: 45.5 (Retest of the 21D EMA as resistance) • SL: 51 (ATR) • Target: 13.5 • TP: TP1: 50D EMA, TP2: 200D EMA. • R: R: For TP1: 1:1.55. For TP2: 1:4.4. For TP3: 1:5.93
Short
by NewThoughtCrypto
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.
by MyCryptoParadise_Nathan
12
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 -> $24 -> 12.9 BINANCE:TRBUSDT BYBIT:TRBUSDT.P MEXC:TRBUSDT.P BINANCE:TRBUSDT.P OKX:TRBUSDT
by OpOsjaan
TRB#TRB I will be short about this coin. High probability that the coin will continue pumping. Last month it closed very bullish. But, let me write you 2 possible scenarios. If the coin continues it consolidation above 43$ - 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.
by vazitrades
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
Short
by behdark
8
Tellor TRB – Last impulse Before a CorrectionTRB Close to a Peak: TRB had an amazing run but, IMO, it is almost at its peak. These are the reasons why: 1. TRB’s impulsive wave up, beginning on August 25th, shaped into a Rising Broadening Wedge. According to Murphy (1999), the Broadening wedge is indicative of a market top. The wide price and volume expansion represents emotional traders. 2. There is a pronounced bearish divergence on the daily chart. The divergence signifies that the bulls are close to exhaustion. 3. The RSI value on the weekly chart is more than 87. IMO, this level is unsustainable, and TRB will have to correct for the indicator to cool off. Current Situation: Currently TRB cleared a weekly supply zone and, it is trying to break through the weekly resistance level of 47.8. Next Resistance Level: The next levels TRB has to face are: 1. weekly supply zone between 59 to 73. 2. weekly resistance at 79.2 Wave count: I do not consider myself an EW expert. However, this count is, IMO, correct. If anyone reading this has any suggestions or corrections, please share. According to my count, in this impulsive wave, we completed four waves and now we are at the beginning of wave five. The common target for wave five is the 0.618 extension of waves 1-3 which is at 69.85. This fits nicely with the supply zone and the weekly resistance. From a trading perspective the count doesn’t change much but it has nice confluence. Short Trade Idea: I do not have a specific entry, SL, and target, yet. I will be watching for a violation of the wedge’s support line or at the resistance lines to enter a short trade. I am curious to know if anyone else shares my opinion. Please share in the comments Best Wishes
Short
by NewThoughtCrypto
2
#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
Short
by TradingOn