TUSDTWe reached a relative support that can bring the price back up. Also, this support is located on the 0.786 Fibonacci line, which is being tested for the first time. 0.030 can be a strong resistance and I don't think it can be broken soon, so it is a suitable target.
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TUSDT trade ideas
Signal Of The Day | T | Threshold | Potential 8.2%Signal Of The Day | T | Threshold | Potential 8.2%
| All Targets On Chart |
Threshold is looking pretty nice for a long set up although there is a 20 Daily EMA that needs to be broken for full confidence although outweighed with multiple bullish confluences
| Watchout for the pretty strong Daily EMA Resistance
| Bullish Divergence
| Bullish Signal
| Res. Breakout
| Trend Breakout
T | Broken down & lining up for an easy short opportunityT | Broken down & lining up for an easy short opportunity
Sometimes you just don't need to overthink it, it is heading down and just broken the key downward range - further downside expected
| Bearish Signal
| Tested and rejected from the weekly pivot
| Rejected from the upper downward range
| Tested and rejected from the 20 D.EMA yet again
| Broken Market Structure
| Brokend Key CVD Trendline
$T/#USDT [#Threshold Network]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $T / $USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0412 | 0.0481 | 0.0606, and the major support zones can be found at 0.0287 | 0.0231 | 0.0106. Consider entering at the current price zone of 0.04088 and targeting higher levels.
◰◲ General info :
▣ Name: Threshold Network
▣ Rank: None
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: N/A
▣ Overview: Threshold Network project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.04088 ₮
▣ 24HVol: 8,660,306.526 ₮
▣ 24H Chng: -2.154%
▣ 7-Days Chng: 28.71%
▣ 1-Month Chng: 3.35%
▣ 3-Months Chng: 158.64%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0412 | 0.0481 | 0.0606
◢ Support: 0.0287 | 0.0231 | 0.0106
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.84
▣ Last 90D: 2.58
▣ Last 1-Y: -0.26
▣ Last 3-Y: -0.16
◲◰ Volatility :
▣ Last 30D: 1.28
▣ Last 90D: 1.96
▣ Last 1-Y: 1.28
▣ Last 3-Y: 1.30
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth TUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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T/usdt - Update 10/05/2022Observe the price reaction at the marked areas.
The Threshold network provides and maintains a suite of cryptographic primitives for several dApps. The network is the product of the protocol merger between the Keep Network and NuCypher, which was finalized on January 1, 2022 with the launch of the T token.
TUSDTThesis is pretty simple:
Following a weak channel (token is brand new, but it's on Binance)
Fibonacci Retracement taken from the genesis to ATH, gave me the target.
TUSDT breaks below 0.18, I'm Shorting to the GP of 0.145 to 0.15, with a pit stop at 0.1655.
Once GP is reached, I'll plan a Long entry, i.e. back up towards 0.1655 and previous Fibonacci levels.
Trailing-stop real hard on TUSDT.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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