TRUUSDT.1DHere's a technical analysis of the TRU/USDT chart on a daily timeframe:
Ichimoku Cloud: The price is currently above the Ichimoku Cloud, which is typically a bullish signal. The Cloud may act as support for future price movements.
Resistance Level (R1): The chart indicates a resistance level at R1, which is just above the current price. If the price can break through this level, it may continue to ascend towards higher resistance levels.
RSI (Relative Strength Index): The RSI is at a high level, close to 76, which is typically considered overbought. This suggests that the asset might be due for a pullback or consolidation in the near future.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and the histogram is positive, indicating bullish momentum. However, it's important to watch for any potential crossover below the signal line, which could signal a shift to bearish momentum.
SVP (Stop Volume Profile): The SVP indicator on the left side of the chart suggests there are areas of significant trading volume at certain price levels, which can act as potential support or resistance zones.
Conclusion:
The overall sentiment from this chart seems to be bullish in the short term, with the price above the Ichimoku Cloud and indicators like the MACD confirming the momentum. However, the RSI being overbought calls for caution. As a trader, I'd consider the possibility of taking profits at R1 or looking for a breakout above it for further upside. Given the overbought RSI, setting a tight stop loss would be prudent to protect against a potential reversal. As always, this analysis should be combined with other market information and news updates for a comprehensive trading strategy.
TRUUSDT trade ideas
TRU can continue tp go up after the PullbackTRU can continue tp go up after the Pullback
🔵Entry Zone 0.07625 - 0.07313
🔴SL 0.06771
🟢TP1 0.08365
🟢TP2 0.09888
🟢TP3 0.12480
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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BINANCE:TRU/USDT - Did you miss this triangle breakout ?------------------------------------------------------------------------------------------
Description
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+ A perfect triangle pattern formed for TRU/USDT
+ Upward breakout of the price confirmed after multiple rejection around the resistance line
+ Overall price is trending bullish and this is a good opportunity to enter a LONG trade.
+ This is a trade with tight stoploss, so be careful.
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Signal
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VectorAlgo Trade Details
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Entry Price: 0.05847
Stop Loss: 0.05615
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Targets 1: 0.05950
Targets 2: 0.06350
Targets 3: 0.06555
Targets 4: 0.06758
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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#TRU/USDT#TRU
The price broke the descending triangle upward
Drawing support from the green support area
We have support from the RSI indicator
We have a higher stability of Moving Average 100 that supports the rise
Entry price is 0.05600
The first target is 0.06300
The second target is 0.06853
The third goal is 0.07532
TRU - Break Time for TRU and SHORT time for us#TRU/USDT #Analysis
Description
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+ TRU appears poised to break its long-standing trend and move towards its next support level.
+ I'm identifying a favorable opportunity to enter a short trade.
+ It's important to note that executing a short trade in a bullish market carries inherent risks, necessitating the implementation of a stop-loss strategy.
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VectorAlgo Trade Details
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Entry Price:0.06792 (after breakout)
Stop Loss: 0.07 428
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Target 1: 0.06589
Target 2: 0.06325
Target 3: 0.05958
Target 4: 0.05636
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
Finally Tru Breakout Confirmed As Expected seems like has already bottomed out and finally ready for some solid gains
multi year down trend recently reversed with descending channel breakout so consolidation is over and now preparing for massive recovery in coming weeks
expecting 3 to 4x bullish wave in coming weeks
#TRU/USDT - Long - Potential 18.04%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: Risk 1%
Exit:
• ⎿ Target 2 : 0.0812 18.09%
• ⎿ Target 1 : 0.07214 4.92%
Entry: 0.06876 ⌁ 0.06876
• ⎿ Current market price: 0.06874
Stop: 0.06212 (-9.66%)
Technical indicators:
Big cup and handle pattern (thats repeating accross a lot of alts), solid bullish RSI and little overhead resistance.
• ⎿ 24h Volume: 8112389.17747
• ⎿ Satoshis: 0.06876
• ⎿ Analysis: TradingView
TRUUSDT(TrueFi) Bullish Bias UpdateSo based on the chart, the wave count show us that we are still in a wave 1 cycle, currently just completed wave 4 correction cycle, now expecting wave 5 cycle from the current price up to complete wave 5 of wave 1 then a correction from those Highs to create new lows wave 2 will be expected.
this might be a 10X gem..
TRU ANALYSIS🔮 #TRU Analysis - Breakout 🚀🚀
💲💲 As we can see that there is a formation of Descending Triangle Pattern in #TRU and trying to breakout the descending trendline.If #TRU breakout and sustains the higher price then we will see a bullish trend. 📈📈
💸Current Price -- $0.05822
📈Target Price -- $0.08617
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#TRU #Cryptocurrency #DYOR
TRU/USDT Ready for an Explosive Journey? 👀🚀TRU Analysis💎Paradisers, let's take a closer look at #TRUUSDT, where the current trends indicate a viable opportunity for a bullish resurgence from its essential support zone.
💎A review of #TrueFi's latest market trajectory reveals a profound 79% reduction from its recent high. Yet, the determination at the support level of $0.04675 suggests a doorway to an upward movement.
💎Despite the hurdles in achieving new highs or surpassing previous records, which has led to a temporary bearish sentiment, the $0.04675 level is pivotal for #TRU. This juncture is on the cusp of initiating a notable bullish wave with a fresh evaluation.
💎As forward-thinking traders, we're perpetually prepared with an alternative plan. If #TRU dips further from this support, we're poised for a bullish comeback starting from the secondary support at $0.034. It's imperative to acknowledge, however, that crossing below this point could indicate a deeper bearish trend.
💎Maintain adaptability in your strategies and keen observation of market trends, Paradisers. Your ParadiseTeam is vigilantly watching, ready to guide you through these evolving market scenarios.
TRU trade setup looks absolutely incredible!The current cup & handle setup that has been forming is absolutely incredible looking! The recent down-thrust looks to have formed the bottom foundation of the formation's handle. I'm waiting patiently for the price to retest the breakout level from the "Bitcoin Approval Rally.'
I will be putting a long position on in that area when my charts give me the signal. This trade setup would work better on a higher dollar/lower leverage entry vs. in my opinion as it will take some time for this pattern to play out to its finality. If you use leverage, make sure that you keep it reasonable (10 - 20x), and keep extra funds in your account to give you a larger spread from your Liquidation Price to assist you in avoiding that dreaded 4 o'clock liquidation candle the Market Maker's love to throw at us in the middle of the night while we're tucked into bed sawing logs.
Good luck!
TRU/USDT bullish horizons from demand? 👀🚀TRU Today Analysis💎 Paradisers, take note of the current dynamics in #TRUUSDT, indicating a setup for a bullish journey from its emerging demand zone.
💎 #TRU has recently undergone a notable pattern, where it swept liquidity above a resistance level before taking a downturn. Currently, having breached the support at $0.04937, we're eyeing a bullish momentum initiating from the lower demand zone at $0.04622. Should the price respect this zone and maintain a strong upward momentum, we anticipate a vigorous bullish move targeting higher resistance levels.
💎 In the constantly evolving landscape of cryptocurrency trading, flexibility and readiness for diverse market scenarios are crucial for #TRU traders. If the asset faces difficulty in sustaining its position at the current demand level, adapting our strategy to anticipate a bullish surge from a deeper support level at $0.04138 might be wise.
💎 Importantly, a descent below this support could signal a need for a strategic pivot, suggesting potential challenges in maintaining a bullish trajectory in the #TRU market.
