TWT: Falling WedgeTrade setup : Price got rejected at $1.80 resistance and is consolidating in a Falling Wedge pattern and it appears on the verge of breakout. This pattern usually results in a bullish breakout. If price breaks the upper trend line (ideally above $1.25 resistance), the price could revisit $1.80.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1.00. The nearest Resistance Zone is $1.25 (previous support), then $1.80, and $2.75.
Trustwallettoken
✳️ Trust Wallet Token Trade Setup (111%+ Potential)This chart looks pretty good for a trade signal, let me explain!
TWTBTC Bullish Signal
✔️3 months dropping still within a long-term higher low.
✔️10-Mar. closed as a bullish hammer.
✔️Bullish divergence on the RSI and MACD.
✔️Strong green candle today, moving above EMA10.
✔️Daily buy volume above average.
If one were to trade this set up, the risk can be limited to 10/15%.
The potential can go to 100%+.
This is great risk/reward ratio.
Namaste.
TWTUSD Unaffected by the Bear Cycle, going to 2.700 and above.The Trust Wallet Token (TWTUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since December 16 2022. With the use of the Fibonacci Channel levels we can identify the long-term bullish trend that the token has been in since its inception, unaffected by the 2022 Bear Cycle.
Three days ago it formed a 1D MA50/1D MA100 (green trend-line) Bearish Cross and as we see on the chart, this has most of the time historically been a bottom signal. As the price is supported right on the 1D MA200 (orange trend-line), we are expecting the green Channel Up to guide it upwards and once it closes above it, lead a rally back to the 2.700 and even the 2.0 Fibonacci extension slightly higher.
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TWT - Oversold- Small BounceThe chart shows that the Trust Wallet Token(TWT) is in an oversold condition.
The indicators used for identifying the oversold condition are the Bollinger Bands, the Relative Strength Index, and the Stochastics. They are all indicating that the condition is oversold and it is likely for a small bounce to the upside before continuing to the downside.
All furter details are shown on the chart.
Goodluck!
TWT: Pullback in UptrendTrust Wallet Token (TWT) Analysis:
Trade setup : Pullback in Uptrend opportunity. Price was 2x rejected at $2.75, forming a bearish Double Top pattern, and pulled back to near $1.25 support. It is getting oversold (RSI ~ 30) as well and could see a bounce up near-term.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.80, which it broke, then $1.25. The nearest Resistance Zone is $2.75.
TWT: Approaching ResistanceTrust Wallet Token (TWT) technical analysis:
Trade setup : Price broke out of Pennant (bullish) and reached $2.75 resistance. Now wait for price to break above $2.75 resistance to resume Uptrend. (set a price alert).
Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $1.80, then $1.25. The nearest Resistance Zone is $2.75.
Trust Wallet Token (TWT) formed Cypher | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Trust Wallet Token (TWT) with US Dollar pair.
Previously we caught a nice trade of TWT
Now on a 4-hr time frame, TWT has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
TWT: Bullish Pennant Breakout!Trade setup : After massive gains (>100%), price briefly consolidated in a Bullish Pennant pattern. Now price appears to have broken above the Pennant resistance (bullish) line to resume uptrend with upside to $2.75 resistance zone.
Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1.80, then $1.25. The nearest Resistance Zone is $2.75.
Will Trust Wallet Token Continue Straight Up To $3.45The really high volume here on this chart reminded me of Band Protocol, the analysis we shared earlier...
Now, Trust Wallet Token (TWTUSDT) hit a low in May 2022 and has been on an uptrend since.
In the past few weeks, we see a strong bull-run taking place, within a bear market.
Q: Can it continue growing and hit $3.47?
A: It depends.
As we can see from the chart above, the Fib. extension resistance 1.618, the Golden Ratio, is set at $2.318.
TWTUSDT hit this level but produced a long upper wick/shadow just two weeks ago.
This is an important level and can decide if this altcoin pair will retrace or continue moving straight up.
If this level can be taken out/conquered, prices moving and closing above it, we can see another impulse which would take prices to $3.45.
But if instead TWT fails to break this level, a correction can easily take place (red arrow).
So far it is looking like the important resistance will be challenged again.
Check the chart for additional information.
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Hit Boost, Comment & Follow.
Thanks a lot for your support.
Namaste.
Trust wallet could rise above 3usdtAfter breaking above the important 1.35 horizontal resistance, TWT accelerated its gains and doubled its value in just a few trading days.
Now the token corrected this move and it's consolidating its gains and a new leg up is very probable.
The structure remains very bullish and dips under 2usdt should be bought.
The target can be 3usdt with 3.5 in extension.
TWT - Wait for the breakout!Here's a quick look at the TWT 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle, and we may see a breakout soon.
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The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart.
Targets:
1. 2.34$
2. 2.47$
3. 2.6$
4. 2.95$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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TWTUSDT - Buy Setup!!TWTUSDT (1D Chart) Technical analysis
TWTUSDT (1D Chart) Currently trading at $2.22
Buy level: Above $2.22
Stop loss: Below $1.83
TP1:$2.45
TP2: $2.73
TP3: $3.3
TP4: $4
Max Leverage 1x/Spot Market
Always keep Stop loss
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Bullish on $TWT Trust Wallet Fundamental side:
As you all know most of the crypto peeps are removing their coins off-exchange.
This drives the speculation of wallets token like $TWT positively.
Technical Analysis Side:
The trade has hit 50 level of the fib. This shows a healthy uptrend that will continue.
TP:
4.8
5.0 Areas
Trust Wallet TWTUSDT - The most bullish altcoin + Triangle!- TWT is currently one of the most bullish altcoin on the market as you can see on the weekly chart.
- We have an ascending triangle - very bullish pattern and you can buy now or buy a breakout above the neckline.
- The platform was acquired by Binance in July 2018.
- The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.
- Profit target is around 10 USD (1.618 FIB extension from Wave (1) -> (2)).
- If we check the volume indicator, we can see there is absolutely no bearish pressure, which is good to see!
- Look at my ideas about another interesting altcoins in the related section down below ↓
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