TWTUSDT (TRUST WALLET TOKEN) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- TWTUSDT hit an ATH
- The market then retraced, rejecting the ascending channel (AC) resistance and breaking down below the minor ascending channel (MAC) support.
- Price is retesting the ascending channel (AC) support and 0.618 fibonacci retracement level.
- There's a relatively high concentration of buyers at this retest zone.
- The retracement is bounded in the minor descending channel (MDC).
- A breakout above the minor descending channel (MDC) resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Breakout above the minor descending channel (MDC) resistance and the previous swing high horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel (AC) and previous swing low horizontal support level (S1).
TWTUSDT
TWTUSDTHello to you all. Mars Signals team wishes you high profits at all times.
While considering the beginning price of this token ever since it was offered and had a rise, we can see a retracing in the price after each of the rises.
We think that if the price is able to break its trend line, it would experience higher prices.
But if it is not able to break the line, the price will fail and will have a fall.
We can predict the price of this token at 1 dollar too in case of the market being able to keep this rising state intact.
You also need to keep this in mind too that if the market falls, this token would also follow suit.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
TWTUSDTTWT was on a great shape of bullish and lost some value because of the BTC lost some value and alt-coins had to obey that
unfortunately this obey is still going and TWT is probably going to lose some more value BUT BUT BUT if you bought it for mid-term you are still a winner and just need time
Projection for new highs in TWTUSDT 1H - RSI gaining momentumTechnical analysis regarding the price of TRUST WALLET TOKEN in relation of dollar Tether for the next scenarios, based on 1 hour movement.
Price forming upwards / bottom funds, however, is in a consolidation / lateralized phase on the 1h chart.
I believe that the price, losing this resistance, will seek the projected targets and, walk to form a new ATH.
RSI gaining strength and price already in an upward trend.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***