$TWT4HR:
* ASY buy signal
1D:
* MA50 > MA100 > MA200
* Chikou Span > Price
* Volume is rising
3D:
*StochRSI Oversold
TWTUSDT trade ideas
TWT → A Massive Long Opportunity! Let's Max Your Profits.Trust Wallet Token is currently attempting to break its bear channel resistance after a nice Head and Shoulders reversal pattern! My last analysis only got us a 1:1 Risk Reward on a short before the right shoulder began to show itself. Now we should be looking for long entries.
How do we trade this?
We have a descending bear channel arcing to the upside after a strong bull run, a head and shoulders reversal pattern, bear capitulation candle (end of trend signal), RSI above the Moving average, what more can a bull want!?
Specifically, another small pullback and for the RSI to come down a bit. The price is currently at resistance and has printed two 4HR doji (trading range, "indecision") candles prior to this one, not a sign of bull strength. I would wait for a small pullback to the EMAs and look for a strong bull signal and confirmation bar to long. Preferably, wait for a break of resistance and a test to confirm support, then place a protective stop below the 30EMA and 200EMA. Your profit target could be many, I would personally take half profits at 1:1 Risk/Reward ($1.36), move your stop loss up to your entry, and then swing the rest until you get a reversal signal.
The crypto market has been burning hot for the bulls, but always be on the lookout for a reversal signal!
Trade Idea
Long Entry : $1.25
Stop Loss: $1.14
Take Profit: $1.69
Risk/Reward Ratio: 1:4
Key Takeaways
1. Head and Shoulders Reversal Pattern, Bias to Long.
2. Capitulation Bear Candle, End of Trend Signal.
3. At Channel Resistance, wait for pullback to EMA Ribbons.
4. Look for Strong Bull Signal and Confirmation Candle to Long.
5. RSI at 67.00, Supports Waiting for a Pullback.
You are solely responsible for your trades, trade at your own risk!
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#TWTUSDT (Watchlist) 8-2023TWT is a utility token that is used to power the Trust Wallet mobile app. Trust Wallet is a non-custodial wallet that allows users to store, send, receive, and exchange cryptocurrencies.
Project: Trust Wallet was founded in 2017 by Viktor Radchenko. The project's goal is to make cryptocurrency accessible to everyone. Trust Wallet is available on Android and iOS devices and supports over 40 different blockchains.
Coin info summary:
Name: Trust Wallet Token
Symbol: TWT
Price: $0.941895 USD (as of 2023-08-15)
Market capitalization: $392,421,817 USD
Total supply: 420,000,000 TWT
Circulating supply: 420,000,000 TWT
Category: TWT is a utility token, which means that it has a specific use case within the Trust Wallet ecosystem. It can be used to pay for transaction fees on the Trust Wallet network, to get discounts on in-app purchases, and to participate in governance votes.
Latest news:
Trust Wallet announced a partnership with the Binance Smart Chain in June 2023. This partnership will allow Trust Wallet users to access a wider range of cryptocurrencies and decentralized applications.
Trust Wallet also announced the launch of its own NFT marketplace in June 2023. This marketplace will allow users to buy, sell, and trade NFTs on the Trust Wallet network.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome.
Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
TWT TWT / USDT
After recent correction price looks try to find support for next huge bullish move
In my opinion we can see one of these scenarios in my chart :
1- direct pump from current local support
2- more correction towards its massive all time trend support then up only
The major resistance are highlighted by dotted white lines
#DYOR
Best of wishes
TWT 4HYou can see the TWT chart in the 4-hour time frame, after the intense pressure of the sellers on the price, we see a compression in the price behavior, which is a sign of a price reversal.
First zone: 1.0670_1.0315
Second region: 0.9845_9540
TWT Long on high time levelsTWT is back in the 3 day demand zone and there is an MSB breakout, I will try to go long until the price reaches the liquidity zone.
TWT Beginning to Reverse? Maximum profits can be yours!TWT has been in a descending channel since November 7th, a classic burn-off pattern after a strong bull capitulation to $1.82. The downward pressure appears to be waning and we may be getting ready for a reversal.
How do we trade this?
The trend is always king when making trading decisions, meaning it should be the strongest data point in your analysis. However your analysis should *never* end there, you want as few data points to consider as possible without excluding what's important. A balancing act that takes time to cultivate and perfect.
We're in a downward trend (bias to short), we're below the 30EMA and 200EMAs (bias to short), we had what appears to be a bear capitulation candle (bias to long), RSI is below the Moving Average at 46.00 (indecisive, but could aid the bias to short).
The conclusion? Short-term bias to short, but watch out for a double bottom reversal after that bear capitulation. Shorting to just above the previous low around $1.05 is reasonable *if* we see a strong bear signal bar closing on or near its low. Protective stop should be placed just above the 30EMA and 200EMA. Take profit at $1.05 or if we get a bull reversal signal prior, and watch for long confirmations.
Key Points
1. Descending Channel, Bias to Short.
2. Capitulation Bear Candle, Could be the End of the Downside Movement.
3. Look for double bottom to Long.
4. Short to previous Low.
5. RSI at 46.00, below Moving Average.
You are solely responsible for your trades, trade at your own risk!
If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
TWT/USDT Possibility Bounce and Continue the upward Movement ??💎 TWT has undeniably attracted significant attention in the market. Currently, TWT is in the process of retesting the demand area at $1.15 - $1.05, which precedes the supply area. The previous breakout from the supply area was noteworthy, marked by substantial volume and a robust green candle.
💎 In the event of a successful retesting phase in the demand area, there is a likelihood that TWT's price will bounce, probability of resuming its upward trajectory and reaching our target in the supply area.
💎 The unfavorable scenario materializes if, during the retesting phase at the demand zone of $1.15 - $1.05, TWT struggles to maintain its position and experiences a breakdown. In such a case, TWT may revert to a bearish movement, potentially retracing to the strong support area.
TWT 1H AccumulationTWT has the potential to be an excellent setup, considering both the accumulation and breakout phases. I'm interested in participating in both. The targets and support levels are well-defined; the only uncertainty lies in the direction of the accumulation, which could go either way.
$TWT Peak updatesUpdating the historical high after a retest of the level or from the current position. In any case, buying from $1.05 - 1.35 is a good opportunity
TWT/USDT$TWT must bounce on the support line here otherwise it can drop to $0.95 which is the daily 200MA level
Awaiting TWT's recoveryHello everyone! After the announcement of the Web3 wallet from Binance, TWT started dumping and the token lost more than 30% from its peak price.
Currently, I am observing price stabilization, and we can consider a small upward movement for a correction after the drop.
The target of $1.61 aligns with the golden ratio at Fibonacci 0.618. Entry can be made after the breakout of 0.236 on the Fibonacci retracement, with a modest gain of only 15%. However, this could potentially lead to quick profits.
Alternatively, a position can be opened from the current levels, resulting in a profit of 20%.
These recommendations are for spot trading. If you want to try it on futures, I can advise entering strictly from 0.236 on the Fibonacci (at $1.40) and placing a stop loss at $1.33, which gives us a risk-to-reward ratio of 3:1 - a very good setup. Leverage should not exceed x5.
Please note that this is not financial advice, and all trading activities are done at your own risk.
🔥Trust Wallet Token Breaks An Important TrendlineTrust Wallet Trust fell by -74% from it's highs at $2.74. Most of retailers are wiped out.
Now it breaks the trendline and going to the closest resistance at $1.06-1.11. The next 2 possible targets at $1.37 and 2.34.
These targets can be reached but we need the growth Bitcoin above $29,400 and continuation of the growth. The altcoins will show the huge growth only in this case, so manage your risks!
Trust Wallet Trust announced Trust Wallet v2.0 at the time when I am writing this idea. So the pullback is possible but not required.
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Check the links and get a BONUS🎁 from me👇
🔥 TWT Huge Bullish Hedge Opportunity: Oversold SignalA couple of weeks ago I made an analysis on TWT where I discussed that TWT had likely more selling to come, but that there was a major support which could keep TWT from falling further.
At the moment, TWT is currently slightly bouncing from the diagonal support, as well as being severely oversold on the 3D timeframe.
Seeing that the overall direction is relatively bearish, this can be considered as a counter trend hedge trade. The trade has a massive risk-reward ratio of 41.4, which can lead to some amazing gains if the target is hit.
You could take earlier profits at 1.00 and 1.85 if you're more risk averse.
TWT/USDT Secondary trend. Wedge. Pivot Zone. 08 2023Logarithm. Time frame 3 days.
🟡Secondary trend. All this downtrend has formed a descending wedge in the secondary trend, which is conditionally a bullish formation. Important levels breakthrough and consolidation of which depends on the development of the trend is indicated by arrows. Also showed the percentages from the reversal zone, if we go in a bullish direction.
This is how this wedge looks like on a linear price chart.
🔴Local trend . It is worth noting that if the resistance at 0.9697 is not broken and there is an impulse by triggering a lot of stop-losses to long under the support at 0.8186, then the triangle may reformat into a double bottom with a flat top, provided that the zone of previous local lows is held.
Major trend . Time frame 1 week.
TWT/USD Main trend. Huge triangle 10 2022
Also on the chart in the main trend, the fractality of the pamp/dump of the so-called pamp zone can be seen.
This is how the main trend now looks on the linear price chart.
Long-termLong-term: 2,74
Risk Warning
IT IS NOT INVESTMENT ADVICE!
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.
TWTA rather short picture emerges in this asset, let’s look at it. First, let's look at the local downward trend (it also acts as resistance), which formed after the upward trend was broken down. We tested it a couple of times, but we never saw any penetration.
twtusdt longThis is not an offer to buy or sell
This is not an investment proposal
This is just my point of view
TWT/USDT What's on the horizon? ? 👀 TWT Today Analysis💎 Paradisers, direct your attention to TWTUSDT! We've observed some captivating movements as it operates within the demand zone, hinting at upcoming possibilities.
💎 A closer examination reveals a descending channel pattern, with TWTUSDT recently approaching the channel's resistance line. This presents two potential outcomes:
💎 A breakout above the channel resistance, propelling a bullish ascent towards the bearish OB.
💎 Alternatively, a bullish trajectory could initiate from the .9689 demand level.
💎 However, tread with caution: if the price dips below the .9689 demand level, we might be looking at a pronounced bearish descent.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
TWT: Approaching ResistanceTrade setup : Resistance at $1.00 remains a roadblock for TWT. It got rejected there 3x (bearish Head and Shoulders pattern) in August and it appears to have gotten rejected at $1.00 again now. Nevertheless, trends are improving after price rallied from $0.70 support on big volumes. We wait for price to definitively break and close above 200-day moving average and $1.00 resistance area to resume an Uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.82 (previous resistance), then $0.70. The nearest Resistance Zone is $1.00, then $1.25.
