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Telcoin / Tether

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TELUSDT trade ideas

Expecting Lower Prices on TELThis analysis is offered as an alternate view from all the moon callers. It could age very badly, but I'm good with that. The purpose is to share the idea, how I see this one unfolding in the near future. I have two scenarios. 1. TEL has finished its first move. (Primary) Why: - This impulse could be counted as five moves up - It has moved +100,000% off the low. Things don't go up forever 2. We're in a fourth wave here and there's one last move up before the wave two correction (See dotted line). - This would have the move finishing at $0.12 - $0.16 In either scenario, I am expecting the correction to end at around $0.003. Thereafter, the expectation is wave three, where TEL would see significantly higher prices. That could be mid 2022 or further into the future. Note: This should not be considered as advice to buy or sell Telcoin.
Short
by MM-Charts
TEL - 10c by end of JuneThe Telcoin chart is looking strong as always. Signs of strength Tel has broken above the falling wedge pattern after the previous rally. We are at support at 3 cents Tel is just below the lower channel line The lack of volume shows that people are holding as opposed to panic selling. All the recent fundamental developments including the passing of the Financial Innovation Act in Nebraska has not been priced in yet, now was there much price movement when Telcoin was licensed to act as a crypto bank. All of which are huge developments for the space. We are waiting for V3 of the mobile app to be released this month. Based on these fundamentals and also the dynamic trend lines, I see 10c to 20c being possible by the end of June. However, as is always the case, it depends on Bitcoin's movements.
Long
by CryptoMitchX
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