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TEL / Tether PERPETUAL FUTURES

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TELUSDT.P trade ideas

Telcoin Madness: what's next?Telcoin’s Price Action between May 10 and October 28 can be divided into two phases, the correction phase and the recovery phase. On May 10, Telcoin reached an ATH of $0.06; it progressed to a Cycle Low ( CL ) of $0.009 on July 20 (correction phase). Since then, it has stayed between the ATH and the CL . The two phases therefore are the correction phase from ATH to CL which ran for 70 days (May 11 to July 20), with a total volume of $2.175 billion. The Second phase can be characterized as the recovery phase which began on July 21 and continued at least to October 28. This recovery phase has lasted at least 99 days with a total volume of $1.338 billion. Focusing on the recovery phase If you take the ATH and the CL , the average price from these two phases is $0.0255. Interestingly, this price has been an area of major resistance. In the first phase, this region (of support then) was broken a number of times, with the final breakthrough on June 21. A recovery was attempted on June 30 without success. Since then, the price has stayed below this (now) area of resistance. During the recovery phase, Telcoin has tried to break through this area of resistance at least thrice, without success. On the downside of the recovery phase, there has been two areas of major support. The first one is the vertical line from the CL , the second one is the horizontal line around $0.018. What is important is that the two areas of support are now diverging at around October 28. While this are can be broken through on the downtrend, it is unlikely. What happens next From a price action perspective, it is likely that Telcoin price will recover at the major support area around $0.018. Thereafter, the major resistance is $0.0255. There might be some hiccups along the way, but these are not likely to be major. The key is for Telcoin to break $0.0255. For this to happen, fundamentals need to align. In particular, the release of the mobile Telcoin V3.0 is of major significance. Similarly, the opening of the US remittance corridor is urgently needed, likewise listing of Telcoin in new exchanges. If the fundamentals do not align, then Telcoin risks breaking below the $0.018 support level , and potentially going all the way to the CL of $0.009. This scenario will be fuelled by unhappy hodlers who may opt to take their investment elsewhere. All in all, it all depends on what the Telcoin Team does in the coming days.
Long
by DrLin
Close lookFirst of all I want to introduce the DC indicator with a brief note; DC looks like Bollinger band BUT it gets narrower and narrower as you see at the blue arrow, which mostly refer to accumulation phase before a run. Now on daily chart we have golden cross again for the 3EMA (20,50,200) which indicate a bullish short-mid-long term run. Although MACD just crossed to the upside again and the stoch indicator which is a good news and make us expect a run towards the upside Seems like we will enter November with a new ATH or much closer to it Am looking forward for a 2x4h close above the Monthly resistance at 0.02124145 ( which i said we will do it very soon, please check related idea) or 1x 1d candle above it, then am looking upside to 0.032 easily. Next days will be great, Just do not leave before the run xD This targets will be reached soon, MAX at the beginning of Nov. Support by like and I will keep this updated PLEASE Take a look at Related ideas Does that mean that we will not go down alittle next days ? On lower time frames surely we will go down a little and go up again, but on daily I think we will have 3-5 Green candles for next days
Long
by HypeB
$TEL- At 15 mins!Lower timeframes always gives a quick view on the price momentum of any assets, the investor's behaviors and their trading psyche where as the longer tfs confirms the repetitiveness of this patterns over time. ..(that is what i think...) Tel has a pattern and it is always the same play. Long accumulation/consolidation, some dumpty heads somewhere always waiting to capitalize on it with their inside trading hit and run gimmicks and then the very firm holders/investors holding the forte....always ready to swoop in See that flash price up to 0.0222 and then right back to 0.019 ?... I mean greed must do some shitty stuffs to some people's head for them to not understand that we are just in the pre-phase of bull market... Market is just starting ... This kind of silly trading style won't work this period (STOP doing that shit!) because i believe that there will always be some investors equally waiting for that opportunity . Anyway, I think all this events is what makes this market interesting somehow..!! LOL Currently, Tel is trying to turn that event to a bullish "W" and if i am correct, it will erase those long wicks like it never happen. Reason is because if you go check on the HTfs ,on that 0.0199 price area is some recurring resistance levels lined up to acts as a potential field of support should the price drop a bit lower and i think this can hold.
by Syl-Crypt
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