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Trustwallet

#TRU/USDT#TRU The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside. We have a bounce from a major support area in green at 0.0900 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 0.1250 The first target is 0.1800 The second target is 0.2100 The third goal is 0.2472
Long
by CryptoAnalystSignal
Trust Wallet (TWT)TWT has one of the easiest pattern for future traders and like to repeat its pattern over and over again Trust Wallet price today is $1.08 with a 24-hour trading volume of $11 million and the price is up 4.9% in the last 24 hours. It has a circulating supply of 420 million tokens and a total supply of 1 billion Trust Wallet token is a utility token that can only be used within the trust wallet app.What are the Incentives of (TWT)? Governance token that will be used by anyone who wants to take part in making decisions for adding new blockchain support, tokens and product features. Discounts on DEX services and purchasing crypto within the app. Collectible Marketplace, anyone interested in trading, selling or buying digital collectibles can utilize the token in a user-friendly environment. 1.2 is a good time to take some profit as well
Long
by moonypto
17
TWT Premium SignalYou bet! Alright, let's dive in! The TWT vibes are looking seriously strong! We've been in a long-term accumulation phase, and those weak hands have already sold off. Our first target is gonna be testing that trend line. And then, watch out for the second target at $3, where we'll be cashing out. But hey, remember to always do your own research. Trust but verify, right? Let's keep riding this wave, but keep those eyes peeled and your instincts sharp. It's gonna be a wild ride! 🚀🌊
Long
by HedonistTrade
TWT/USDT Success reclaimed! Potential continue the upward move.💎 TWT has undoubtedly garnered considerable attention within the market. It successfully reclaimed and broke out from a previously challenging resistance zone. 💎 This development increases the likelihood of witnessing significant upward momentum, potentially leading to a move toward our targeted strong resistance area. 💎 However, should TWT retreat for a retest and subsequently fail to maintain the support level, there's a risk of reverting to a scenario reminiscent of a false breakout. This would result in a retracement back to the demand area around 1.24. 💎 If TWT finds itself at the demand zone but fails to elicit a robust response, indicating a lack of bounce, there's a possibility of a breakdown below the demand zone. Such a scenario could trigger further downward movement, potentially reaching the significant support area.
by MyCryptoParadise_Nathan
1
TWT/USDT Indicating upward move and is attempting to break out.💎 TWT has notably made its mark in the cryptocurrency market. Currently, TWT ispoised for an upward move and is attempting to break out of the supply area. 💎 If TWT successfully breaks above the resistance area, it could probability reach our target area in the bearish OB zone. 💎 However, if TWT fails to break out above the resistance area, there is a possibility of a retracement back to the support area around $1.4 - $1.3 to establish new momentum. 💎 In the support area, TWT needs to bounce and resume its upward movement to attempt another breakout above the supply. Failure to hold the support and a breakdown below could signal a shift to a bearish trend, potentially leading to a return to the demand area.
by MyCryptoParadise
2
TWT/USDT Rejected and back to retesting. Could Breakout ??💎 TWT has recently encountered notable market dynamics. After a strong rejection upon testing the supply area, there's potential for the price to retreat to the demand area to gather new momentum. 💎 If the breakout from the demand area is valid, the price can reach the probability of our target area. However, if the breakout fails, the price may retreat to the Bullish Order Block (OB) area. 💎 The Bullish OB area has historically shown strength in supporting TWT's price, making it crucial for a bounce when the price reaches this level. 💎 Failure to bounce, leading to a breakdown of this area, could signify bearish sentiment and prompt further downward movement in the price. Traders should monitor price action carefully around these key levels to gauge potential market direction.
by MyCryptoParadise_Nathan
TWT → Will the Price Climb to $1.50 or Drop to $1? Let's Answer.TWT (Trust Wallet Token) has been in an expanding and ascending channel since late November and has given us a higher high and higher low. Should we long here? How do we trade this? 🤔 We don't trade an unclear chart, this one is no exception! We have a higher high and higher low, but the high of the higher high has a large wick on it. This is *not* a signal of strength and neither is the fact that we're just above the Daily 30EMA without a strong bounce. Our bias should remain long because the crypto market is currently in a bull trend, however, it's also at a pivotal moment where there is a real possibility of a reversal. Unless we get a strong signal here at the 30EMA, I wouldn't trade this in either direction. Even if the price action falls below the 30EMA, we have too many levels of support before a short is reasonable. 💡 Trade Idea 💡 Long Entry: $1.25 🟥 Stop Loss: $1.09 ✅ Take Profit: $1.41 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Higher High and Higher Low after Bear Capitulation Bar. Bias to Long. 2. Weak bull candle on December 26th, Reduces Bull Probability. 3. Crypto Market at Pivotal Moment, Consider Reversal Possibility. 4. Above 30EMA, need close below to justify Short, Support to Long. 5. RSI at 55.00 and above Moving Average. Supports Long Bias. 💰 Trading Tip 💰 If your analysis renders conflicting signals, trade small or don't trade at all. Wait for the market to give you a signal and data toward a premise, then size your position and manage your trade accordingly. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
TWT/USDT Possibility Bounce and Continue the upward Movement ??💎 TWT has undeniably attracted significant attention in the market. Currently, TWT is in the process of retesting the demand area at $1.15 - $1.05, which precedes the supply area. The previous breakout from the supply area was noteworthy, marked by substantial volume and a robust green candle. 💎 In the event of a successful retesting phase in the demand area, there is a likelihood that TWT's price will bounce, probability of resuming its upward trajectory and reaching our target in the supply area. 💎 The unfavorable scenario materializes if, during the retesting phase at the demand zone of $1.15 - $1.05, TWT struggles to maintain its position and experiences a breakdown. In such a case, TWT may revert to a bearish movement, potentially retracing to the strong support area.
by MyCryptoParadise
1
TWTUSD: Hit our 1.6500 target but now correction is expected.The Trust Wallet Token hit our 1.65000 target (chart at the bottom) much quicker than we anticipated and naturally turned extremely overbought on the 1D timeframe (RSI = 92.623, MACD = 0.152, ADX = 53.524). This 1D RSI is the heighest in TWT's history. If that alone isn't a sell signal, the 1D Golden Cross that was completed on Saturday is one. Even though that is generally a bullish signal, all of TWT's Golden Crosses on the 1D timeframe, started corrections that approached at least the 0.382 Fibonacci level (normally broken much lower). Consequently we believe that the short term peak has been formed and expect a technical pullback. We target the minimum fractal decline of just over the 0.382 Fibonacci (TP = 1.35000). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:TWTUSDShort
by InvestingScope
🔥Trust Wallet Token Breaks An Important TrendlineTrust Wallet Trust fell by -74% from it's highs at $2.74. Most of retailers are wiped out. Now it breaks the trendline and going to the closest resistance at $1.06-1.11. The next 2 possible targets at $1.37 and 2.34. These targets can be reached but we need the growth Bitcoin above $29,400 and continuation of the growth. The altcoins will show the huge growth only in this case, so manage your risks! Trust Wallet Trust announced Trust Wallet v2.0 at the time when I am writing this idea. So the pullback is possible but not required. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3
🔥 TWT Huge Bullish Hedge Opportunity: Oversold SignalA couple of weeks ago I made an analysis on TWT where I discussed that TWT had likely more selling to come, but that there was a major support which could keep TWT from falling further. At the moment, TWT is currently slightly bouncing from the diagonal support, as well as being severely oversold on the 3D timeframe. Seeing that the overall direction is relatively bearish, this can be considered as a counter trend hedge trade. The trade has a massive risk-reward ratio of 41.4, which can lead to some amazing gains if the target is hit. You could take earlier profits at 1.00 and 1.85 if you're more risk averse.
Long
by FieryTrading
12
TWT Token: NASDAQ's Bullish SurgeTrust Wallet Token (TWT) has exhibited a remarkable history of bullish behavior on NASDAQ. Since its inception, TWT has been on a consistent upward trajectory. This bullish trend can be attributed to several key factors. Firstly, Trust Wallet Token gained significant attention due to its association with Binance, one of the world's largest cryptocurrency exchanges. This affiliation brought credibility and exposure to the token, attracting both retail and institutional investors. Secondly, TWT's utility within the Trust Wallet ecosystem fueled its demand. Users can stake, trade, and earn rewards with TWT, enhancing its value proposition. Additionally, the broader adoption of cryptocurrencies and decentralized finance (DeFi) contributed to TWT's rise. As interest in DeFi projects grew, TWT found itself in the spotlight as an integral part of this ecosystem. Moreover, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Averages (SMA) consistently signaled a bullish sentiment, reinforcing investor confidence. In summary, Trust Wallet Token's bullish behavior on NASDAQ stems from its strong fundamentals, association with a reputable exchange, and its role in the DeFi sector. This history of positive performance suggests that TWT may continue to attract attention and investment in the cryptocurrency market.
Long
by DEXWireNews
TWT GLOBAL VISION ELLIOTT WAVEHi traders, Want to present you my global vision of TWTUSDT (Trust Wallet Token) TWT made a FULL IMPULSE (1-2-3-4-5) Cycle. It was complete in very clear way, even can say that its looks like a book example: -Wave 4 was a clear triangle "abcde" with its own subwaves - each abc -Wave 5 was a clear 5w impulse NOW SOME TYPE OF GLOBAL CORRECTION IS HAPPENING ( ABC zigzag with its own subwaves IMHO) -My point is that wave A was set in a shape of leading diagonal with its own 5 subwaves -Now we are observing Wave B development -Because Wave A was a 5w structure we can assume that whole ABC will be 5-3-5 structure So I expect wave B will be structured in 3 waves and will end on one of the Fibo levels (50-61,8-78,6). It can become a complex Wave so it can be devided in its own abc structures. Lets go step by step with market structure and always remember to control our risks first!
by PauloRicci
1
TWT/USDT Crucial Level. Break the resistance or Down is coming!💎 TWT has certainly caught our attention. Currently, it's grappling with a pivotal resistance zone, having faced multiple rejections in previous attempts. However, TWT is making another ambitious push, following a significant bullish rally after breaking out of a descending channel pattern. 💎 The recent upward trajectory post-pattern breakout is evident, and the daily closing candle showcases a promising bullish stance. Yet, it's essential to note that a confirmed bullish trend can't be established unless TWT successfully breaches this formidable resistance. 💎 Should TWT face another rejection, we might witness a retracement towards the nearby support zone. This support is vital for TWT; a strong bounce is needed upon contact. Failing to hold this support could see TWT descending further towards the demand zone.
by MyCryptoParadise
TWTUSD: The 1D MA100 may be what's needed for a 1.6500 rally.TWTUSD has crossed today over both the 1D MA50 and MA100 with force turning overbought technically on the 1D timeframe (RSI = 72.444, MACD = 0.001, ADX = 22.204). It hasn't closed a candle over the 1D MA100 since January 29th 2023, so today's closing may be vital for the long term. Even though the 1D MA200 looms just under the R1 level (0.9885), we believe that closing above the 1D MA100, will be the most crucial step towards a four month uptrend targeting the 0.618 Fibonacci level (TP = 1.65000). If it fails to close above the R1 level, we will take a short term sell, aiming at the 1D MA50 (TP = 0.8350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:TWTUSD
by InvestingScope
2