#TROY/USDT#TROY
The price is moving in a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower limit of the channel at 0.000804.
Entry price: 0.000848
First target: 0.000882
Second target: 0.000925
Third target: 0.000973
Troyusdsignals
TROYUSDT 1WTROY ~ 1W Analysis
#TROY Buy gradually from here with a short -term target of at least 20%+. This is the lowest support for now.
TROYUSDT 1WTROY ~ 1W Analysis
#TROY This is the lowest support block for now. buy gradually from here with a minimum target of 20%++
TROYUSD turned Parabolic. Buy on the next pull-back.Troy (TROYUSD) broke last week above the Lower Highs trend-line of the Accumulation Phase of the Bull Cycle and even though it failed to close the 1W candle above it, the current week started with extremely strong buying pressure that topped last week's High.
Even though we will need the closing above the Lower Highs at the end of the week, the current buying pressure confirmed that the trend has turned parabolic. It is technically similar to the January - February 2021 rally that turned parabolic and reached as high as the 1.786 Fibonacci extension.
Having formed at the same time a Bullish Cross on the 1W MACD, we expect a minor pull-back as on February 15 - 22 2021 that will allow for a better entry. Our Target is naturally the 1.786 Fib at 0.012000.
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