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TRBUSDT

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
Brief Analysis——TRBTRB’s performance over the past month has been remarkable, with the price rising from an initial price of 10 to nearly 50. But yesterday the price fell by almost 50%. Let’s take a look at how TRB’s whale is moving and whether TRB still has a chance to get closer to the highs. We have used our WTA indicator many times in brief analysis. The definitions of blue, red, green and gray are as follows: · Blue column: represents the trading volume of entities, described as a large whale. · Red column: represents the trading volume of whales, described as a whale. · Green column: represents the trading volume of large investors, described as fish. · Gray column: represents the trading volume of retail investors, described by shrimp. We use three rectangles to distinguish the three phases on the TRB candle chart. In the first two phases we use green rectangles. Both phases correspond to price continuing to rise, but the large whales disappearing. While the red and green columns are still there, the loss of the large whales has a greater impact. At this time, large whales are taking profits and closing positions. Long candles often appear at the end of this phases, and then the trend will decay. As for whether to reverse, it needs to be determined based on the shape of the candle, such as the appearance of a long pin-bar, or the appearance of a long candle in the opposite side. So after the first green rectangle, the bulls decay, but remain fluctuating. After the second green rectangle, the price reached the August 2022 high, and a long upper pin-bar candle appeared accompanied by increased trading volume. A reversal occurred. In addition, there is a special point on TRB. In the case of other token reversals, the departure of the large whale has been invisible. But in the red rectangle we can see that the blue columns corresponding to the large whale appears. This illustrates the urgency of Whale’s departure. After losing the support of the large whale, TRB may be in a bearish trend for a long time. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
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.
by behdark
4
WHY TRB COIN PRICE PUMP HARD ?? TRB COIN PRICE ANALYSIS !!If You are Confused about LSE:TRB Coin Then Read it and Understand chart Clearly.... • Price is already in overbought zone on 4h, 1D & 1W Chart & Currently testing Now its weekly & monthly strong resistance. • Sell Your Spot bag or Close Long position if you are holding. • If we talk about opening short position then try to find only quick scalp with proper trade setup... If unfortunatly you get stucked in trade then... • Funding fee will kill your portfolio & 2nd whales manipulation liquidate your portfolio. Like this and follow if you want more free charts .
by CRYPTOPLAYERS-01
15
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!
Short
by KryptoSnipers
Tellor TRBUSDT Price Analysis (1d)Hello fellow crypto traders! Tellor price action currently appears to be in a state of consolidation, characterized by a mix of bullish and bearish signals. The price seems to be encountering a significant challenge at a long-term resistance level. For a bullish scenario to unfold and further price increases, it's crucial for BINANCE:TRBUSDT to breach the key resistance level at $18.60. Breaking through this barrier could fuel additional upward momentum. Conversely, if COINBASE:TRBUSD fails to overcome the $18.60 resistance, we might anticipate the price to remain below this level and potentially retreat towards the critical support level at $10.0. Monitoring price movements closely in this range will be essential to assess the next major direction in Tellor market trajectory.
by Vestinda
3
$TRB Performing Falling wedge in 15m Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
Long
by Crypto-Adda_Official
TRB/USDT Upward Movement Just make New lower high ?? Hello Paradisers, A Token to Watch 💎 TRB has repeatedly touched a significant demand zone, each time resulting in a price increase. It's now on track to test an hourly supply level. 💎 In its current trajectory, TRB seems to be forming a new upward leg with the aim of establishing a lower high in the supply zone, likely followed by a move to create a new lower low. 💎 However, if TRB successfully breaks through this supply level, it could potentially reach previous higher highs and maintain an upward trend. 💎 For those considering a short position, keep an eye on the supply area for signs of bearish activity or rejection. If you're looking to buy for spot trading, either wait for a confirmed break above the supply level or consider entering at a key support area if the breakout fails.
by MyCryptoParadise_Nathan
1