Threshold (T)Threshold Network is the first-of-its-kind outcome of combining two decentralized protocols โ NuCypher (NU) and Keep Network (KEEP) โ to give its users complete security and anonymity. Threshold Network is inspired by Keep Network's structural features and NuCypher's privacy aspects.
Anyway, Threshold went down right from the beginning. Then, Threshold broke the downtrend line and now it seems to be moving in a sideways channel. Recently, T touched the channel's lower line and made a head and shoulders pattern too. Then, T broke the second minor downtrend line and it seems ready to go up. Let's see what happens.
TUSD trade ideas
Threshold looking goodQuรฉ Mรกs Pues? I was checking the biggest losers in crypto and today Threshold was the biggest loser. Well i think its just a correction before continuation. Wait for the red line to break and the we could see a nice trend to the 0.11 level as a minimal target. Then it could form a cup and handle formation before a bigger wave to the 0.21 level as a minimal target.
Use stoploss!!!
TUSD: Strong breakout confirmed. Rally just beginning.Threshold crossed over the LH trendline of 2023, turning bullish on the 1D timeframe (RSI = 67.372, MACD = 0.000, ADX = -21.212). This is a confirmation that a new rally has started, as it also closed over the 1D MA50. This has been done before on June 23rd but there was no RSI Bullish Divergence as it built up now.
Consequently, the short term target is the 1D MA200 (TP1 = 0.0240) and after a pullback rebuy and target the R1 level (TP2 = 0.02955). After that, the upper Fibonacci levels will play the Resistance part.
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TUSD hit the Cycle's Golden Ratio. Expecting correction.Threshold (TUSD) just hit the 0.618 Fibonacci retracement level of the Bear Cycle just one day after breaking above its 1D MA200 (orange trend-line) for the first time in history. Needless to say this is a major bull target hit, the new Bull Cycle is already underway and as the 1D RSI almost reached 95.000, the overbought condition technically couldn't be higher.
Being the Golden Ratio, we expect a pull-back now on the 0.618, which can extend as low as the 0.382 Fib. Technically this is a major demand level as the zone within the 0.382 and 0.03200 was a strong Support level From May until August. An RSI around 50.000 with a price near the 1D MA50 (blue trend-line) would tick all the boxes for the next long-term buy. Our target is 0.1000 on a quarterly horizon.
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