#TURBO/USDT#TURBO
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.007070
We have an upward trend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.007540
First target 0.008144
Second target 0.008680
Third target 0.009430
Turbousdtanalysis
TURBO is Set to Run Hard Soon!TURBO is Set to Run Hard Soon! 🚀
The bi-weekly chart is screaming a buy, and it’s currently sitting above the most recent order block. This one has massive upside potential, currently at a $400M market cap. We could see a solid 5x from current prices, which is very promising! There’s even a 45x target, but that feels a bit out of reach—though it’s definitely ambitious!
The meme cycle is firing up strongly, and we can’t let this opportunity slip by. We need to capitalize now, as the narrative and momentum are validating our entries.
Let’s get ready! 💪
TURBOUSDT: Ready for a Breakout After Healthy Retracement!!TURBOUSDT has retraced to a previous support level following a failed pennant pattern breakout. However, the recent price action shows a strong attempt to break out again, supported by increasing volume. If TURBO successfully breaks above the pennant, we can expect a significant upward movement. Keep an eye on key levels for entry and potential targets as momentum builds. This could be the opportunity traders have been waiting for!
TURBOUSDT Currently trading at $0.0055
Buy level: Above $0.0055
Stop loss: Below $0.0044
TP1: $0.0071
TP2: $0.0085
TP3: $0.01
TP4: $0.015
TP5: $0.02
Max Leverage 3x
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#TURBO/USDT#TURBO
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.0092200
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.009552
First target 0.010277
Second target 0.011034
Third target 0.011924
TURBOUSDT Triangle Breakout! TURBOUSDT technical analysis update
TURBOUSDT has formed a symmetrical triangle pattern and is now breaking the triangle resistance with high volume on the daily chart. The price is also trading above the 100 and 200 EMAs, which could signal a strong bullish move ahead.
Regards
hexa
TURBO/USDT technical analysis and a trading plan by BFTechnical Analysis by Blaž Fabjan
Chart Pattern (Falling Wedge): The chart shows a falling wedge pattern, which is typically a bullish reversal signal. This is evidenced by the downward sloping trendlines converging towards each other with decreasing price swings.
Support and Resistance:
Resistance Line (Upper Trendline): The price has tested this level multiple times but has failed to break through convincingly. A break above this resistance could signal a bullish move.
Support Line (Lower Trendline): The price has respected the support line, and it appears to be nearing another test of this level. If the price bounces from this support, it could confirm the bullish trend continuation.
RSI (Relative Strength Index):
The RSI is currently around 62, indicating that the price is in the neutral-to-slightly-overbought territory. However, it is not yet in the overbought zone (>70), meaning there could still be room for an upward movement.
Stochastic Oscillator:
The stochastic is around 82, suggesting that the market may be overbought in the short term. There could be a minor pullback before a larger move upward.
Volume:
There is moderate volume, but there isn't a significant volume spike yet to confirm a breakout. A notable increase in volume would be a good confirmation signal for a breakout.
MACD (VMC Cipher B):
The MACD-like indicator shows a potential bullish divergence. The oscillator is showing signs of reversal upward, further supporting the idea of a potential upward move.
Trading Plan:
Entry Strategy:
Aggressive Entry: Consider entering near the current price or slightly lower if the price bounces off the support trendline. This could offer an early position before the potential breakout.
Conservative Entry: Wait for a confirmed breakout above the resistance line (above the wedge pattern), ideally accompanied by a volume increase. This reduces risk but could result in entering at a higher price.
Take Profit (TP):
First TP: Set your first target around $0.0075 to $0.0080, near previous local highs, where sellers might emerge.
Second TP: If the breakout is strong and volume supports it, the next target can be around $0.0090, which is the level indicated by the large arrow on the chart, signaling the longer-term upward move.
Stop Loss (SL):
Place your stop loss slightly below the support line (around $0.0050) to limit downside risk in case of a bearish breakdown.
Risk Management:
Risk no more than 1-2% of your trading capital per trade.
Adjust your position size based on your risk tolerance and the distance between your entry point and stop loss.
Summary:
The TURBO/USDT chart shows a bullish setup with the potential for a breakout from a falling wedge pattern.
A conservative trader might wait for a confirmed breakout above resistance, while an aggressive trader could enter on a bounce from support.
The primary risk is a breakdown below support, which would invalidate the bullish thesis.
This strategy assumes that market conditions remain favorable, and the wedge pattern holds up. Keep an eye on the volume and other indicators to validate your decisions.
TURBOUSDT Possible to Hit New ATH SoonTURBOUSDT technical analysis update
TURBO price surged almost 50% after the flag pattern breakout. Now, the price is moving towards the previous ATH resistance. We can expect the price to hit a new ATH in a few weeks. After reaching a new ATH, we can anticipate continued bullish momentum in TURBO.
Regards
Hexa
TURBOUSDT Bullish Flag!TURBOUSDT technical analysis update
TURBOUSDT has formed a bullish flag pattern, with the price moving towards a breakout at the flag's resistance. TURBO has formed similar bullish flag patterns in the past, resulting in significant price movements: a 300% increase after the first flag breakout and a 1400% increase after the second flag breakout. This time, I expect a 200-300% move following the breakout.
Buy zone : Below $0.00420
Stop loss : $0.00290
Regards
Hexa