Will TWTUSDT bounce or break through the support line?As we can see, the price is approaching the support line of $ 0.88. It is very likely that the price will bounce off the support line, then you can safely take it. If the price breaks the support line, you will have to wait for a better moment. A false breakout cannot be ruled out.
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TWTUSDT
Trust Wallet Token (TWTUSDT)Trust wallet token has broken the resistance.
the key level is 0.9 $ and we should consider this as stoploss, under 0.9.
target can Be 1.5, 2 and 2.7 in long term as we can see now.
Look for a good position in 4-hours time frame and wait for pullback and confirmation.
the next key level is 1$.
Goodluck
Don't forget:
1-Money managment
2-put Stop-loss
3-push like and share
Trust Wallet retesting ATH vs USDT and the breakout is imminentTWT is one of those tokens that are related to BNB given Binance's involvement in the project. Both it and SXP have done OK over the last few weeks, but in my opinion it could grow a lot more. Lots of people use the wallet and that number will most likely grow.
However in my opinion what is more important is that it has some sort of weird triple top in BTC terms, which when broken will potentially lead to much much higher prices. Not there yet so after it breaks this high it might not accelerate much, but based on the Yearly Fibonacci Pivots it could grow by 60% from here. Clearly it could grow a lot more and that's just the first target for now.
charts.cointrader.pro
#TWT, #TrustWalletToken UpdateA quick look at #TrustWalletToken (#TWTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern on April 4 with a nice volume spike.
Since then, we missed TP1 by a $0,01 and lost support at the $0,80 level.
Currently, we are testing support at $0.74. If it manages to hold and push higher through resistance, we could see #TWT resume its path towards T1. If not, price might go back down and try to rebound from the EMA200, or in the $0.65-$0.62 range.
To read more about TWT on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!