Univers Of Signals | TWT: Trust Wallet Token's Market Moves
👋 Welcome to Univers of Signals !
In this analysis, I want to examine the TWT coin for you. This coin is associated with Trust Wallet, which you are undoubtedly familiar with and have used. It's a very user-friendly wallet that even beginners can use easily. Currently, TWT has a market cap of $382 million and is ranked 142 on CoinMarketCap.
📅 Weekly Time Frame
In the weekly timeframe, after the price reached the area of 2.7081, which was also the ATH, a corrective phase in the market began and continued down to 0.7072.
🔍 During this period, we also had an ascending trendline accompanying the upward trend, which was broken. After a pullback to the trendline area at 1.6072, a price range box between 0.7072 and 1.6072 has formed, with several supports and resistances occurring at the box's floor and ceiling.
📊 The market volume has been decreasing since the pullback and is gradually declining, compressing the price further. A breakout above 1.6072 could potentially initiate an uptrend. If the box's support fails, there are two short-term supports at 0.5774 and 0.4761, though these are not very significant. The main support is at 0.2960.
⚡️ Moreover, the RSI in its chart has a support area at 38.44, which is also significant. A break of this area in conjunction with a break below 0.7072 in the chart could confirm the entry of significant bearish momentum.
🛒 For spot buying, the trigger at 1.6072 is appropriate. If the price consolidates above this area, we can expect it to move towards the ATH and test this area again.
🔽 As I mentioned, the ascending trendline has been broken and has been pulled back to, so if the trendline trigger at 0.270 activates and this support breaks, we can expect the price to move towards the trendline target of 0.2960.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to examine the TWT coin for you. This coin is associated with Trust Wallet, which you are undoubtedly familiar with and have used. It's a very user-friendly wallet that even beginners can use easily. Currently, TWT has a market cap of $382 million and is ranked 142 on CoinMarketCap.
📅 Weekly Time Frame
In the weekly timeframe, after the price reached the area of 2.7081, which was also the ATH, a corrective phase in the market began and continued down to 0.7072.
🔍 During this period, we also had an ascending trendline accompanying the upward trend, which was broken. After a pullback to the trendline area at 1.6072, a price range box between 0.7072 and 1.6072 has formed, with several supports and resistances occurring at the box's floor and ceiling.
📊 The market volume has been decreasing since the pullback and is gradually declining, compressing the price further. A breakout above 1.6072 could potentially initiate an uptrend. If the box's support fails, there are two short-term supports at 0.5774 and 0.4761, though these are not very significant. The main support is at 0.2960.
⚡️ Moreover, the RSI in its chart has a support area at 38.44, which is also significant. A break of this area in conjunction with a break below 0.7072 in the chart could confirm the entry of significant bearish momentum.
🛒 For spot buying, the trigger at 1.6072 is appropriate. If the price consolidates above this area, we can expect it to move towards the ATH and test this area again.
🔽 As I mentioned, the ascending trendline has been broken and has been pulled back to, so if the trendline trigger at 0.270 activates and this support breaks, we can expect the price to move towards the trendline target of 0.2960.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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.