Trustwallet
TWTUSDT (TRUST WALLET TOKEN) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- TWTUSDT hit an ATH
- The market then retraced, rejecting the ascending channel (AC) resistance and breaking down below the minor ascending channel (MAC) support.
- Price is retesting the ascending channel (AC) support and 0.618 fibonacci retracement level.
- There's a relatively high concentration of buyers at this retest zone.
- The retracement is bounded in the minor descending channel (MDC).
- A breakout above the minor descending channel (MDC) resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Breakout above the minor descending channel (MDC) resistance and the previous swing high horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel (AC) and previous swing low horizontal support level (S1).
Trust wallet Token TWTBUSDTrust wallet is the most widely used software wallet and has recently released token in BUSD pair on some exchanges
This is the best new token after GHST I think which will pump even if the bull run is interrupted with surprises
Keeping a conservative target of 1$ or ~50% pump lets see ;)
TWTUSDT (TRUST WALLET TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- TWTUSDT is testing the ascending channel support.
- Price action is printing the inverse head and shoulders pattern.
- There's a breakout potential.
- This is double trade setup.
FIRST SETUP
- Buy entry⬆️: breakout above the inverse head and shoulders neckline resistance
- Targets 🎯: first fibonacci extension levels, swing high resistance (R1).
- Setup invalidation ❌: breakdown below the right shoulder support level (S1).
SECOND SETUP
- Buy entry ⬆️: breakout above the swing high resistance (R1).
- Targets 🎯: second fibonacci extension levels, ascending channel resistance.
- Setup invalidation ❌: breakdown below the ascending channel support.
Projection for new highs in TWTUSDT 1H - RSI gaining momentumTechnical analysis regarding the price of TRUST WALLET TOKEN in relation of dollar Tether for the next scenarios, based on 1 hour movement.
Price forming upwards / bottom funds, however, is in a consolidation / lateralized phase on the 1h chart.
I believe that the price, losing this resistance, will seek the projected targets and, walk to form a new ATH.
RSI gaining strength and price already in an upward trend.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Do not sell our 100 twt airdrop (give-away)I would say you can buy a ilttle bag for now and watch out it may dip a little futher
I don't really think that will dip drasticly buy it way go to the blue ligne it's totally possible
TWT I will say it's another hole investement perspective cause it's a promosessiong trust proeject that endurent and powered up buy binance so i would say it's a sturdy project btw I'm not a team's member but this my thought on that project !
Have a nice one and remember this is own personnal perspective on that project that I do share with you guys for FrEe !
Happy trading folks ^_^