📌 Technical Analysis: TRB/USDT – 1D Timeframe
🟢 Reversal Pattern: Inverse Head and Shoulders
A classic Inverse Head and Shoulders pattern is clearly visible on the chart, which typically signals the end of a downtrend and the beginning of a strong upward movement.
Head: Formed near the strong support level at 19.47 USDT.
Left and Right Shoulders: Built on both sides of the head, bouncing off the 24.47 USDT support area.
Neckline: Located at the resistance zone around 34 USDT.
A confirmed breakout above the 34 USDT neckline, followed by solid price action above this level, could lead to a significant bullish rally.
🎯 Potential Targets
🎯 First Target after breaking 34 USDT resistance:
Price level: around 48.95 USDT
Gain: +14.95 USDT, approximately +78.19%
🎯 Second Target if uptrend continues:
Price level: around 60 USDT, a major daily resistance
Gain: +27.01 USDT, approximately +78% from current price
🛑 Key Support Levels
🟩 Strong Daily Support: 19.47 USDT (dark green)
🟩 Intermediate Support: 24.47 USDT (medium green) – if a correction occurs, this zone may trigger a bullish reaction.
⚠️ Bearish Scenario
If the price fails to break above 34 USDT and gets rejected, a correction down to 24.47 USDT (around −14%) is likely. This could act as a right shoulder retest, potentially offering a good entry point.
🧠 Summary
The "Inverse Head and Shoulders" pattern, supported by strong horizontal support levels, suggests the possibility of a medium-term bullish trend. However, confirmation depends on breaking and holding above the 34 USDT resistance.
First target is around 48.95 USDT, and the second major target lies at 60 USDT.
🟢 Reversal Pattern: Inverse Head and Shoulders
A classic Inverse Head and Shoulders pattern is clearly visible on the chart, which typically signals the end of a downtrend and the beginning of a strong upward movement.
Head: Formed near the strong support level at 19.47 USDT.
Left and Right Shoulders: Built on both sides of the head, bouncing off the 24.47 USDT support area.
Neckline: Located at the resistance zone around 34 USDT.
A confirmed breakout above the 34 USDT neckline, followed by solid price action above this level, could lead to a significant bullish rally.
🎯 Potential Targets
🎯 First Target after breaking 34 USDT resistance:
Price level: around 48.95 USDT
Gain: +14.95 USDT, approximately +78.19%
🎯 Second Target if uptrend continues:
Price level: around 60 USDT, a major daily resistance
Gain: +27.01 USDT, approximately +78% from current price
🛑 Key Support Levels
🟩 Strong Daily Support: 19.47 USDT (dark green)
🟩 Intermediate Support: 24.47 USDT (medium green) – if a correction occurs, this zone may trigger a bullish reaction.
⚠️ Bearish Scenario
If the price fails to break above 34 USDT and gets rejected, a correction down to 24.47 USDT (around −14%) is likely. This could act as a right shoulder retest, potentially offering a good entry point.
🧠 Summary
The "Inverse Head and Shoulders" pattern, supported by strong horizontal support levels, suggests the possibility of a medium-term bullish trend. However, confirmation depends on breaking and holding above the 34 USDT resistance.
First target is around 48.95 USDT, and the second major target lies at 60 USDT.
Trade active
This currency has reached its first resistance. Now we can reserve our profits and stay with this currency. We may see a correction in the coming days.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.