#TRUUSDT's Potential Uptrend with Fibonacci Play💎Today's spotlight is on #TRUUSDT. The token has recently anchored its support at the $0.030 mark, aligning nearly perfectly with the 78.6% Fibonacci retracement level. Before this stabilization, #TRU sketched out a double bottom pattern. This pattern, followed by a surge past the local resistance, hints at a possible trend reversal.
💎 What does this mean for traders? The scales now seem to tip towards an upward correction. As long as the price stays comfortably above the double bottom region, specifically above the $0.026 trough, we can anticipate a robust upward pullback.
💎 On the resistance front, our eyes are set on another 78.6% Fibonacci retracement level at $0.037. This level intriguingly mirrors the downtrend trendline, making it a key point of interest.
💎 However, a word of caution: The MCP team remains vigilant about today's low, marked by the Fibonacci bounce. A descent below this point might cast shadows on the prospective upward correction.
TRU
TRU Breakout Re-test and BUY MOVETRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside.
Reason :
Stock has been consolidating for more than a year.
It has formed a triple Bottom.
Taking Support at Trendline.
Right now, at support Zone.
Verdict :
Bullishness Expected
Plan of action :
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100
$Tru is still Looks beautiful All the Low cap Coin bounce NYSE:TRU is still Looks beautiful All the Low cap Coin bounce TRU has not pumped strongly.
NYSE:TRU gains good following from this region with a lot of potential than I gave 0.0280 0.0307 contradicts support. It will be like that until we break the resistance .0.0363 with high volatility.
Trufi trend breakout looking for a continuationTrufi has experienced a breakout in both the H1 and H4 timeframes, indicating a potential continuation in the retracement towards the highlighted key level. This level is in close proximity to the 61% Fibonacci retracement, which further strengthens its significance. The breakout has been confirmed by a subsequent pullback, adding to the validity of the retracement expectation.
TrueFi get ready for Lift off ?!!👀 TRU Today Analysis💎TrueFi is crafting a falling wedge pattern, hinting at a potential bullish reversal on the horizon.
💎 It's trading within a high demand zone, and the strong demand in this area further bolsters the potential for an upward move.
💎 analyze the falling wedge pattern and the high demand zone collectively, it suggests a bullish outlook for TRUUSDT.
💎 A successful breakout, accompanied by increasing volume, would validate the bullish scenario and potentially lead to further upward price movement.
💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Truworths settings itself for great upside to R69.45Inverse Head and Shoulders has formed with Truworths.
This is definitely not ripe for the picking if we're waiting for this formation to form.
It might even form into something completely different.
But here is my take on it.
The signs are slowly becoming bullish and things are looking good.
7>21
Price<200
RSI>50
Target R69.45
The rand though however needs to find stability and South Africa really needs to clean their act up especially the government. I do have hope. I have faith and I am optimistic. Because SA remains the most beautiful country, with strong possibilities, opportunities and the friendliest people imaginable.
Ok rant over... Luckily we have time for this one to flourish and bloom.
ABOUT THE COMPANY
Truworths International Limited, was founded in 1917 in Cape Town, South Africa.
Truworths operates a portfolio of fashion brands, including Truworths, Identity, Uzzi, LTD, and Earthaddict, catering to different market segments and consumer preferences.
The company primarily focuses on offering clothing, shoes, and accessories for men, women, and children. It covers a wide range of styles, from casual wear to formal attire.
Truworths has a significant presence in South Africa and operates over 700 retail stores across the country. It has also expanded its footprint to other African countries, including Namibia, Botswana, Eswatini, and Zimbabwe.
The company is listed on the Johannesburg Stock Exchange (JSE) and forms part of the JSE Top 40 Index, which comprises the largest publicly traded companies in South Africa.
ABOUT THE NAME
The company was established in 1917 by a partnership between Jack Lewin and his son, Isaac Lewin. Initially, the business was known as "The Alliance Trading Company." However, in 1934, the name was changed to "Trueworths" to better reflect its commitment to providing quality merchandise at affordable prices.
The name "Trueworths" was chosen to convey the idea that customers would find true value and worth in the products offered by the company. The change in name also coincided with a strategic shift in the business, focusing more on clothing and fashion retail rather than general merchandise.
Over time, as the company grew and expanded, the name "Trueworths" evolved to "Truworths," which is the current name of the company. The name change to "Truworths" is believed to have occurred in the 1970s to modernize the brand and align with changing consumer preferences.
TRUI've made the decision to buy some TRUwith a target of 0.6, 0.8, 1.2 and a stop at 0.035. I've split the order into three parts: the first at the current prices, the second at 0.043.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
$TRU/USDT 3h (#Bybit) Descending channel breakoutTrueFi just regained 50MA support and seems about to push higher and recover, short-term.
⚡️⚡️ #TRU/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.7%
Current Price:
0.08935
Entry Zone:
0.08805 - 0.08295
Take-Profit Targets:
1) 0.09990
2) 0.11075
3) 0.12160
Stop Targets:
1) 0.07345
Published By: @Zblaba
$TRU #TRUUSDT #TrueFi #DeFi #TrustToken
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +50.5% | +88.6% | +126.7%
Possible Loss= -42.3%
Estimated Gaintime= 1-2 weeks
TRU CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TRU symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Nibbled into Altcoins, AVAX, MLN, ADA, SPEEL & more1st few days of March we made it CLEAR something was amiss. We pointed out that $BTC had broken it's uptrend & intraday there were irregularities.
We couldn't pinpoint what it was. Only that something was not right.
We raised a ton of cash & have been nibbling here & there but nothing major. Unloaded more few days later.
Here's small list of #crypto #altcoins with good buy volume vs sell, TODAY, & have REVERSALS.
$AVAX
$MLN
$MANA
$TRU
$SPELL
$SHIB
$INJ
$JASMY
$BCH
To name a few
TRU's most significant bullish spikeTrueFi (TRU) is trading at 0.1195 with an RSI of 60.76, indicating it is now neutral. TRU's 4-hour timeframe shows a Fibonacci level of 0.0780 at the lower and 0.1158 at the higher end. The upper Bollinger band for the same timeframe is 0.1319, and the lower Bollinger band is 0.0682, with a middle band of 0.1001. The volume oscillator is currently at 11.55%, while the MACD is 0.0107, and the stochastic oscillators show D% at 84 and K% at 65.
During its downward trend, TRU experienced a strong price increase in the last 24 hours, finding strong support in the range of 0.0230 to 0.0270 dollars. This increase in demand has pushed the price towards an important resistance level in the range of $0.1385 to $0.1580, which has previously caused a 50% negative reaction but has also been the starting point for TRU's most significant bullish spike.
TRU is in a neutral state and has experienced a strong price increase in the last 24 hours. The support from buyers indicates positive sentiment towards the asset, but the resistance level it is approaching is significant and has previously caused negative reactions. As such, it will be important to monitor how TRU reacts to this resistance level in the coming days and whether it can break through it to reach higher prices.
$ASM & other Altcoins that've held well, good IF $BTC reversesLook @ strength in #crypto #altcoins
HUGE BUYS &/or are in UP trends while $BTC dozes = best, Indicators lining up is huge +
What is holding well will likely PUMP IF $BTC reverses
May do it on it's own!
Saw $ASM dip & bit, risky but I like that
Don't need to put full $ into these
1/2 - 1/4 amount of usual is ok
$DODO did VERY well BUT needs REST
Ditto for $CGG & $TRU
-------------------------
Like $ILV bad tokenomics
Fits criteria ok
No idea what $EOS or $NGL are but fit criteria ok
$GGG fits ok
$TRU looks nice
Feb 25
Documented bought trailer position of #TRUEFI @ 516 BUT largest buy of $TRU was @ 405
Sold around 1200
Buying half of sell here, like the 4hr
(sell portion @ 73, if pulls back, keep trading portion)
Daily see Bull Flag? TEXTBOOK
#defi #yield #crypto #altcoin
----
TODAY
$TRU pulls back to the red Moving Avg will rebuy small portion sold @ 73
Buy volume pretty decent here
Other limits still out there
#DEFI #yield #crypto #altcoins #TrueFi
✳️ TrueFi | This Is How It All Starts... A New Bull MarketThis is how it all starts... This is how Cryptocurrency tells you that the bottom is in and the entire market is preparing for years of growth... YEARS!
This is the weekly timeframe for TrueFi (TRUBTC)... Great growth, amazing growth!
Yesterday alone, this pair grew by more than 222.22% in a single day.
The total growth since 21-January totals 290%.
This is not bear-market action.
This is not a "fake" anything that will lead to a lower low in weeks or months.
This is a massive bullish breakout that only happens after a strong bear market.
After years of red.
Soon it will be 7 years since I joined TradingView but I've been dealing with cryptocurrencies much longer, for 10 years.
Each bear market only last less than 2 years, the same for bull markets.
The full cycle is 4 years.
2 Years bearish, 2 years bullish but both the bottom and top are hit before the full 2-years period is complete.
I will cut a long-story short.
What you are seeing now is the beginning of a long period of growth.
Just as markets, cryptos, assets, trading pairs on the way down can hit new All-Time Lows, they can also hit new All-Time Highs on the way up.
The majority of the Altcoins will hit their new ATHs BEFORE Bitcoin, in less than 2 years.
Bitcoin should be one of the last ones to hit a new All-Time High.
Maybe it is not fair to talk already about new ATH when so many people are still dealing with denial but we use the charts to predict the future... To extract information and prepare before-hand for what to expect.
If you are a beginner, you will make more money holding than jumping from pair to pair.
If you are an experienced trader... This is your chance, leave behind all doubts and focus on your own personal growth, focus on maximizing profits, focus on success.
Thank you for reading.
This is only the beginning.
I love you!
Namaste.