TWT → Will the Price Climb to $1.50 or Drop to $1? Let's Answer.TWT (Trust Wallet Token) has been in an expanding and ascending channel since late November and has given us a higher high and higher low. Should we long here?
How do we trade this? 🤔
We don't trade an unclear chart, this one is no exception! We have a higher high and higher low, but the high of the higher high has a large wick on it. This is *not* a signal of strength and neither is the fact that we're just above the Daily 30EMA without a strong bounce.
Our bias should remain long because the crypto market is currently in a bull trend, however, it's also at a pivotal moment where there is a real possibility of a reversal. Unless we get a strong signal here at the 30EMA, I wouldn't trade this in either direction. Even if the price action falls below the 30EMA, we have too many levels of support before a short is reasonable.
💡 Trade Idea 💡
Long Entry: $1.25
🟥 Stop Loss: $1.09
✅ Take Profit: $1.41
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Higher High and Higher Low after Bear Capitulation Bar. Bias to Long.
2. Weak bull candle on December 26th, Reduces Bull Probability.
3. Crypto Market at Pivotal Moment, Consider Reversal Possibility.
4. Above 30EMA, need close below to justify Short, Support to Long.
5. RSI at 55.00 and above Moving Average. Supports Long Bias.
💰 Trading Tip 💰
If your analysis renders conflicting signals, trade small or don't trade at all. Wait for the market to give you a signal and data toward a premise, then size your position and manage your trade accordingly.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Twtforecast
TWT → A Massive Long Opportunity! Let's Max Your Profits.Trust Wallet Token is currently attempting to break its bear channel resistance after a nice Head and Shoulders reversal pattern! My last analysis only got us a 1:1 Risk Reward on a short before the right shoulder began to show itself. Now we should be looking for long entries.
How do we trade this?
We have a descending bear channel arcing to the upside after a strong bull run, a head and shoulders reversal pattern, bear capitulation candle (end of trend signal), RSI above the Moving average, what more can a bull want!?
Specifically, another small pullback and for the RSI to come down a bit. The price is currently at resistance and has printed two 4HR doji (trading range, "indecision") candles prior to this one, not a sign of bull strength. I would wait for a small pullback to the EMAs and look for a strong bull signal and confirmation bar to long. Preferably, wait for a break of resistance and a test to confirm support, then place a protective stop below the 30EMA and 200EMA. Your profit target could be many, I would personally take half profits at 1:1 Risk/Reward ($1.36), move your stop loss up to your entry, and then swing the rest until you get a reversal signal.
The crypto market has been burning hot for the bulls, but always be on the lookout for a reversal signal!
Trade Idea
Long Entry : $1.25
Stop Loss: $1.14
Take Profit: $1.69
Risk/Reward Ratio: 1:4
Key Takeaways
1. Head and Shoulders Reversal Pattern, Bias to Long.
2. Capitulation Bear Candle, End of Trend Signal.
3. At Channel Resistance, wait for pullback to EMA Ribbons.
4. Look for Strong Bull Signal and Confirmation Candle to Long.
5. RSI at 67.00, Supports Waiting for a Pullback.
You are solely responsible for your trades, trade at your own risk!
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TWT 12h Where will the price go, $5.5 or $0.17?Our subscribers and readers under the idea: "An alternative scenario for the movement of BTC for 2021" asked to consider the TWTUSDT trading pair
And we heard them because they write that TWT is a promising token and the price can grow and grow.
Let's analyze what facts can be seen on the TWTUSDT chart
1) From August last year to the recent high, the TWTUSD price have made x200 , it's a very good result
2) Now the price is in a broad consolidation of $0.40-0.90 . If we assume that in this zone, the accumulation continues for the last four months (and this is how it looks for now), then after the price fixes above $1, we can expect an i ncrease to $5.5, to begin with.
3) If the price cannot break above $0.87-0.97 , consolidation and a set of positions may drag on for another 1-2 months.
4) If sellers activate and will push the price below the critical zone of $0.38-0.42 , then we can expect a continuation of the fall to $0.17-0.18
Write in the comments the fundamental basis that we did not take into account in the analysis. Will the token rise or fall?
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