TWTUSDT.P trade ideas
TWTUSDT (TRUST WALLET TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- TWTUSDT is testing the ascending channel support.
- Price action is printing the inverse head and shoulders pattern.
- There's a breakout potential.
- This is double trade setup.
FIRST SETUP
- Buy entry⬆️: breakout above the inverse head and shoulders neckline resistance
- Targets 🎯: first fibonacci extension levels, swing high resistance (R1).
- Setup invalidation ❌: breakdown below the right shoulder support level (S1).
SECOND SETUP
- Buy entry ⬆️: breakout above the swing high resistance (R1).
- Targets 🎯: second fibonacci extension levels, ascending channel resistance.
- Setup invalidation ❌: breakdown below the ascending channel support.
Projection for new highs in TWTUSDT 1H - RSI gaining momentumTechnical analysis regarding the price of TRUST WALLET TOKEN in relation of dollar Tether for the next scenarios, based on 1 hour movement.
Price forming upwards / bottom funds, however, is in a consolidation / lateralized phase on the 1h chart.
I believe that the price, losing this resistance, will seek the projected targets and, walk to form a new ATH.
RSI gaining strength and price already in an upward trend.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
TWT usdt to steadily climb to back to the .33c markTWT usdt to steadily climb to back to the .33c mark
TWT scenario! Let's see!Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision.
Let's see!
(Binance) Trust Wallet Token TWT usdt to rise to resistance leve(Binance) Trust Wallet Token TWT usdt to rise to res levels
TWT trading inside descending triangleWait for a breakout from abowe for a long position, or short if it breaks below the support
Opportunity to buyAccording to the scenario, the correction to the demand area is falling and it is suitable for buying, which you can buy in two places. Targets are marked on the chart, it looks like the token is scalable
Analysis on twt/usdtThe formation of an ascending triangle on the 15minutes time frame shows buyers are willing to buy at a higher price.
If there's a break out of the resistance, we might be seeing $0.45-$1
Stop loss between 0.36-0.37
