TOMOUSDT trade ideas
TOMOUSDT - Test of descending triangle support. TOMOUSDT is printing a descending triangle pattern.
The market is testing the descending triangle support.
We could see a breakdown below the support ⬇️ or rejection off the support ⬆️.
TRIPLE BOTTOM FORMATION The price is forming a triple bottom formation in the 4h timeframe, the strong resistance price area is the diagonal blue line.
TOMO Daily ContextVery clear levels here. Big bullish triangle and its counterpart: big bearish head and shoulders. I would keep an eye on RSI 50 level, if price break that level and hold we will witness the begining of a new bull trend. I want to see the price breaking the current VPOC level to invalidate the posible head and shoulders.
On the other hand if price stay below 50 level the last push might be a bear retest of the posible head and shoulders, in that case... bear continuation. If this happen keep an eye on the bottom line of the triangle.
TOMO - Approaching Support Level - 55%+ PotentialLike many alt coins, TOMO is reaching it's bottom support level after a decent little pump following the last market dump.
Right now it's actually punched through it's historic upward trend-line, the solid faded yellow line. but has stalled out on it's drop.
We can either buy the breakout here when it moves away from the dashed green line, or you could buy now and fairly safely SL below the previous low, dashed red line.. Support seems decent once we punched through the trend-line which gives a decent probability to the bottom holding if we get there.
Potential TP's are marked on the chart.
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TomoTomo, I dont see it breaking any further upside for awhile. It got listed on Binance futures, which means larger money can help manipulate and keep the price down, or bring the price up a lot faster, I just dont see that being the scenario at the moment.
Let tomo drop to support buy zone and as long as bitcoin doesnt dump tomo should hold the support and make another run to resistance. Hopefully breaking it as they will be releasing TomoP (tomo with privacy integrations) zec and xmr have been running and I expect tomo to pick up some of that momentum. Just not now.
THIS KIND OF DOUBLE BOTTOM IS LIKE FREE MONEY.The price is forming a double bottom in a long period diagonal zone(mark with blue dots) with a hammer structure in the 4H timeframe, what else are you expecting?
TomoChain Up or Down ? Is it profitable to purchase TOMO ?TOMO is in a very good position right now, I would say it's a BUY opportunity and while 20 MA may hold it for once this is going to test the top of Triangle at around $1.00. Even if it goes little downwards from here, there is a strong support which will again push upwards.
BUY- 0.73
TP- 1.00
AVERAGE OUT PRICE- 0.60
TOMO/USDTGood technical but I am a little afraid of indicators. A bit risky trade but I am in hoping that everything will be ok.
TomoChain - Bullish Continuation IdeaA lot of my friends on CT like #TomoChain so I'm charting it with fresh pair of eyes.
Cut through all the noise and I just see a bullish continuation in a rising channel.
Also, that blue box was for buying.
NFA
