Tellor (TRB)
Updated
Tellor is a decentralized, transparent and permissionless oracle protocol that supplies data that can be requested, validated and put on-chain permissionlessly with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications. Anyway, TRB analysis is straightforward; after TRB made a 5 waves upward impulse wave, it went into correction which unfolded in a complex pattern. Then, TRB broke the major downtrend line and went up strongly. This kind of momentum signals bright future; also, waves count confirm such potential too. Let's see what happens.
Note
So, TRB went up pretty well. After wave i ended, correction started, which took TRB down to 0.618 Fib retracement. It seems correction wave ii is also finished. Now, besides the 1-2-3-4-5 waves pattern, there could be a second scenario in which an A-B-C pattern unfolds. In this case, waves A and B are finished, and wave C is unfolding. Let's see how high TRB's wave iii can go.
Trade active
Just an update; TRB is ready to break the triangle correction pattern. Let's see what happens.
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