TWT – distribution phase!Hello, everyone!
Last time we considered the Bitcoin price analysis and assumed that we will see the price growth soon. According to this I found very interesting pattern for TWT.
TWT price now is forming the classical distribution phase. We saw all Wyckoff events on the chart. Now it is important to decide, if the price is going to form UTAD phase – the massive growth above the ATH before the downward movement, or not? I have 2 evidences that it is going to happen. The first one is our Bitcoin price analysis, if we assume the last altseason in this bull run, TWT price can easily reach the $1.80 before the correction.
The second one evidence is the divergence between the Money Flow Index modified for the blockchain assets, which shows the whales purchases. We can see that despite the price is falling, MFI demonstrates higher lows.
I don’t want to tell you that you should buy TWT right now, I just think that we should take profit from this coin with the further price increase to earn more money. This is actual for you if you bought TWT in the green zone on the MFI, when the institutional investors did it. You can also try the short term trade but you need to define the proper stop loss level according to price target $1.6 – $1.8. Investing in this crypto now is too risky because of bad risk to reward, it is obvious that whales are selling to you TWT on this distribution.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Trustwallet
TWT USDT LONGLooks like we are in a triangle that will take time to breakout and reach the first target area
if volumes are high on TWT, we will see a very good first target above $1.3 to $2.1.
Stop loss in red
buy zone : the lower line of the triangle
3 scenarios that may happen :
1. breakout with high volume and close 1D above the triangle (positive) , Good entry for scalping
OR
2. Break down the triangle and close 1D below (Negative)
OR
3. remains in the triangle for a while, until breakout comes (likely to happen) .. requires more time..
Good Project & Good Team.. think for future .. it will be good.
( NOT a financial Advice)
Good Luck
TWT / USDT Daily chartHad to come back and do another analysis on TWT / USDT, this time on the daily time frame.
Big Symmetrical triangle pattern.
I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.25$
TG2 - 1.30$
TG3 - $1.36$
TG4 - 1.42$
TG5 - 1.51$
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Trust Wallet Token:
"Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum , Binance and TRON blockchains.
Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app."
Source: Coinmarketcap
TWT / USDT 1H - Descending TriangleHere is how I would trade TWT / USDT 1H Chart. Descending Triangle formation with potential gains of approx 10%.
I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.206$
TG2 - 1.228$
TG3 - 1.249$
TG4 - 1.27$
TG5 - 1.297$
-----------
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
-----------
About Trust Wallet Token:
"Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.
Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app."
Source: Coinmarketcap
TWT (Trust Wallet Token) is about to explodeTWTUSDT is forming a huge triangle with exit target around 2.35 usdt. TWT is a fundamental project that fully owned by Binance with 10m users on board, top in AppStore and 1m twitter followers.
Its competitor MetaMask was estimated at 6.5 billion. Now TWT is 0.4 billion cap. If TWT going to cost a half of MetaMask the price would be around 10 usdt per 1 TWT.
🔽TWT-Symmetrical triangle on key levelAfter setting new ATH on September 5th the price has been moving in a symmetrical triangle formation that sits beautifully on the key level (1.14) which is also a node of high volume.
All entries inside of the formation are valid, or even below the formation at local levels (green)
Targets:
1.13
1.39
1.55
1.65
-- then use upper trendline(green dashed) for last target -- then open --
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About TWT:
Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.
Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app.
Trust Wallet Token was initially launched as a BEP-2 asset on Binance Chain, but was relaunched as a BEP-20 token on Binance Smart Chain in October 2020.
Source: coinmarketcap
Trust Wallet TWTUSDT - Secret GEM +1200% + Symmetrical triangle!-Trust Wallet Token - TWT - Rank #245 - Token.
- The chart is printing a huge symmetrical triangle. which is currently breaking out!
- First Impulse Elliott Wave finished succesfully.
- RSI is ready for a breakout to the upside.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
- Profit target is 1.618 FIB - around 17.5 USD!
#TRUSTWALLETTOKEN #TWT DAILY CHART TECHNICAL ANALYSISGiven the uptrend channel and the triangular pattern that forms after a strong uptrend and can be very similar to the flag pattern, it is likely that we will soon see the exit of the triangle from the ceiling.
If this happens, the targets are:
target1: 1.9$
target2: 2.4$
target3: 2.9$
stop loss: 0.88$
entry: 1.19-1.05
time: 2-8W
TWT - where is the best place to buy 🤔❓The TWT chart shows a rather interesting picture. The price is squeezed into a symmetrical triangle. According to the rules, a symmetrical triangle is broken both up and down. But since we are now in a bull market, the priority is more for an upward move. A good buying opportunity could be after a squeeze and breakout of the triangle's upper boundary.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
TWT - where is the best place to buy 🤔❓TWT is a very good project from a fundamental point of view and has a real product, which is why it is such an interesting project for investors. What can be said on the technical analysis side?
Right now the price is in a triangle. There is a lot of volume on the high, which is a bad signal. There is a liquidity area at the bottom.
If the price corrects into this area, it could be a good place to buy. Or if the price comes to the upper boundary of the triangle and starts to squeeze, that could be a signal for a breakout and continuation of growth.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
TWTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
random analysis on TWT daily time framepersonally i imagine 3 scenarios for TWT that are described below . two green arrows are very optimistic and the red arrow seems very Pessimistic . there isn't enough enthusiasm in the market in case to break the ascending channel upward and form a new ascending channel above the recent one . in other hand there isn't any specific volume in the market which may lead us to red arrow scenario . but that's a nice ascending channel and it seems that TWT is adhere to it .
i always search very deeply for any sign of bull trend starting and this time i found a very little nice HIDDEN divergence on RSI . let's see if it is enough for starting a new bull trend or not . only time can tell
$TWT/BTC 1D (Binance Spot) Ascending channel on supportTrust Wallet Token is up-trending inside that parallel channel and is trying to break bullish out of that wedge.
Current Price= 0.00001383
Buy Entry= 0.00001388 - 0.00001280
Take Profit= 0.00001654 | 0.00001988 | 0.00002578
Stop Loss= 0.00001078
Risk/Reward= 1:1.25 | 1:2.55 | 1:4.86
Expected Profit= +23.99% | +49.03% | +93.25%
Possible Loss= -19.19%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2.5 months