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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