TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave
Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon!
On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns.
If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see.
As per my Elliott wave analysis, the massive impulse wave to the downside should be completed and because of that, I expect an ABC retracement.
Main Profit target is 0.618 FIB + end of the wave 4 (High liquidity area).
We can also get stopped by the descending blue trend line, but i think it will break up!
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TRUUSD
TrueFi (TRU) formed big bullish Gartley for upto 500% moveHi dear friends, hope you are well and welcome to the new update on TrueFi ( TRU ).
Previously we had a nice trade of TRU:
Now on a weekly time frame, TRU has formed a bullish Gartley 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
TRU: Put it on your watchlist!As of now, the 4-hour oscillators are signaling a buy. The SMA50 has crossed above the SMA100. I'm watching for an entry very soon as I expect the 18-23 area of support to hold. My first target will be the 28-33 area (30%+ upside). This will be a swing position. Let me know any thoughts on this thanks.
TRU inverted H&S If you missed my previous TRU idea...
...then there could be another chance to get in as TrueFi is forming Inverted Head and Shoulders 🤷 and if price breaks up I think there is chance for run to 1.04 and even higher. Will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above).
ENTRY : Backtest of the broken Neckline @ 0.722
SL : Right Shoulder @ 0.569
TARGET : Inverted H&S target projection @ 1.040
RRR : 2
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
A $TRUly great project with upside to $1.20 in the shorter term$TRU looks like it's about to break out. Once it breaks $.66, it should find a little resistance at the $.79 level before finding it's way up to $1.20-1.25 region.
I'd expect to see a pullback there before finding it's way higher over the course of the next few months to a final target of just under $3
Not one to get into fundamentals as I base all of my decisions on charts, but this project is also backed by some great VCs (a16z, blocktower, and alameda research) and uncollateralized borrowing lending should be a big category going into the future.
Entry at $.649. Let's see how it plays out.
TRUUSDT RISING CHANNEL PATTERNTruusdt has been following an uptrend since the bounce from its strongest support level ($0.1). We saw price correction after the bull run to a new ATH($1) and truefi still showing bull signs following the rising channel pattern. Chart shows the minor and major rising channels which implies a possible uptrend to the higher high of the channel or prolly to a new ATH. $0.66 - $0.664 is a good entry with a stop loss at $0.621(6% risk). Price targets are shown at the red rectangles.
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TrueFi (TRU)TrueFi (TRU) trend continuation trade.
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🆓TrueFi/USDT Analysis (15/2) #TRU $TRU$0.42 zone is a reliable resistance zone for the continuation of the TRU uptrend.
As long as TRU conquers $0.55 zone, it will strongly increase to $0.9 zone in early March or earlier
📅NEWS
👉Feb 19 : Liquid Exit
👉Feb 19 : On-Chain Governance
👉Feb 19 : Improved Staking
👉Feb 19 : TrueFi V2
👉May 20 : Tradable Load Tokens
👉May 20 : Improved Credit Model
👉May 20 : Stables in Lending Pool
👉May 20 : Launch Lines-of-Credit
📈BUY
-Buy: 0.41-0.43$. SL B
-Buy: 0.54-0.56$ if A. SL B
📉SELL
-Sell: 0.54-0.56$. SL A
-Sell: 0.88-0.92$. SL A
♻️BACK-UP
-Sell: 0.41-0.43$ if B. SL A
-Buy: 0.29-0.31$. SL B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
🆓TrueFi/USDT Analysis (28/1) #TRU $TRUTRU has a recovery after approaching the bottom zone at $0.2-0.21, which could help TRU return to a Symmetrical Triangle pattern and approach $0.25-0.26 and breakout to $0.33-0.34 in the next 1-2 days
📈BUY
-Buy: 0.20-0.21$. SL B
📉SELL
-Sell: 0.25-0.26$. SL A
-Sell: 0.33-0.34$. SL A
♻️BACK-UP
-Sell: 0.20-0.21$ if B. SL A
-Buy: 0.14-0.15$. SL B
❓Details
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"