TELCOIN (TEL) Looks like it's going to drop another 28%. The TELCOIN charts seem to indicate that a drop to the 0.001101 level could be in the cards after just being rejected off a 4H FVG (Fair Value Gap) on the daily chart.
I believe this coin could have a bright future, and being able to buy it at or below the previous low would be a great buying opportunity for those looking to invest for the long term.
Good luck!
Telcoin
$TEL Update with support and resistanceNYSE:TEL Similar to #Bitcoin forming bearish engulfing on current 4H, closely following $BTC. Bullish engulfing on last 1D close but unlikely to follow up due to #Bitcoin 's influence. $0.001572-$0.001543 should hold as key support, Currently struggling to build support at $0.001670. Expect key support test If bearish engulfing on current 4H plays out. Next key areas for support $0.001509, $0.001460, $0.001429, $0.01399 & $0.001347. Resistance areas from here are $0.001776, $0.001830, $0.001971 & $0.002096. Continue watching given S/R areas!
Telcoin (TEL) Targets $0.005 to $0.008 by End of July
Fundamental Overview:
Telcoin is poised for a potential breakout driven by its solid fundamentals. With a fully functional app, regulatory wins, and a robust community, Telcoin has laid a strong foundation for growth. Recent insights from the CEO Paul Neuner suggest a major update is weeks away.
Technical Analysis:
Pattern Recognition: Currently forming a falling wedge pattern, a bullish indicator.
Fibonacci Levels: Price is at the 0.236 Fibonacci retracement level suggesting the retracement is over.
Historical Patterns: Following a similar price action seen during the 2021 bull market.
EMA Support: Price currently finding support below the 200-day Exponential Moving Average.
Chart Patterns: Showing a promising Three Drives pattern.
Long-Term Perspective: It's been 1145 days since its all-time high, down 96.19% with a gain of +2527.17% required to reach ATH.
Sentiment Analysis:
Community Metrics: Significant community growth with 97k followers on X, 18.6k Reddit subscribers, and 14.15k Telegram members.
Social Signals: Increasing Twitter and YouTube interactions and content creator activity.
Market Sentiment: Positive sentiment trend with growing social dominance.
TEL Community Posts
NightDefender2 “The later presence of incoming institutional involvement, would hugely eclipse the current price action estimates. That’s how massive the incoming institutions would affect Tel’s future and yours. Others would label this as hyping, rather I call this plainly, potential.”
CryptoCribz “ NYSE:TEL chart looks way healthier than 90% of the other tokens out there. Hodling up very strong as well.”
SilverBulletBTC “This is a real OG gem. Look at this beautiful setup retesting the 50 weeks moving average”
Additional Insights:
Telcoin app has garnered strong user ratings with 4.7 stars on Apple App Store and 4.6 stars on Google Play, reflecting over 100k downloads.
Recent updates and community growth underline increasing adoption and engagement.
Telcoin's resilience compared to Bitcoin's recent market performance highlights its potential strength.
Conclusion:
Telcoin shows compelling technical patterns and strong fundamental support heading into the bullish market phase. With increasing sentiment and robust community backing, Telcoin is positioned for a potential 100% increase by the end of July.
Disclaimer: This is not financial advice. Always do your own research before making any investment decisions.
TELCOIN is ahead of schedule, targeting $0.35 this cycleTELCOIN ahead of schedule. My 6 month old prediction of $0.23 USD is too low
It is closer to $0.35 now. The increase is based on
growing sentiment on X and more volume from new exchange listings. The CEO has shared new info today that the roll-out of their digital cash solution is around the corner.
$TEL UpdateNYSE:TEL Back to March '24 levels following #BTC drop, currently testing $0.002335 resistance, $0.002256 Key support in effect, next support areas $0.002208, $0.002157, $0.002096 (Key Support), 4H and 1D RSI in oversold region, current 1D following bearish engulfing from previous daily close, $0.002496 support needed to try and regain $0.002620.
TEL - A long term spot trade opportunity$BINANCE:TELUSDT (1W CHART) Technical Analysis Update
TEL is currently trading at $0.003958 and showing overall bullish sentiment. We are seeing the price breaking out from the resistance level and retraced back to the support (previous resistance) Im expecting a continued bullish trend and we have a huge potential for profits. We enter a the trade in spot market
Entry level: $ 0.003958 or lower
Stop Loss Level: $0.002214
TakeProfit 1: $ 0.004624
TakeProfit 2: $ 0.005959
TakeProfit 3: $ 0.008971
TakeProfit 4: $ 0.012754
TakeProfit 5: $ 0.024541
TakeProfit 6: $ 0.035754
TakeProfit 7: $ 0.049193
Max Leverage: spot market
Position Size: 1% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Telcoin [TEL] Technical Analysis Chart ideaTelcoin Breakout from falling wadge pattern, one day Chart point at target 300% long term
Telcoin Uses blockchain for transformative remittance services, reducing global wealth disparities. and its base on the Ethereum blockchain that will be distributed by your national telecom operator made available to everyone, anytime, anywhere.
$TEL UpdateNYSE:TEL pretty similar to CRYPTOCAP:BTC , closely following #Bitcoin, $0.003915 testing, current support at $0.003642. Bullish engulfing on last 1D close but looks completely dependent on CRYPTOCAP:BTC as of now to expect a follow up. $0.004580 support needed to reattempt at $0.005607, expect good resistance from $0.004580 unless CRYPTOCAP:BTC went nuts. $0.003472 key support here.
Telcoin (TEL)Telcoin is the native medium of exchange, reserve asset and protocol token of the Telcoin user-owned, decentralized financial platform. Anyway, Telcoin technical analysis is straightforward; when the upward phase ended, a correction phase started which ended at 0.618 Fib retracement. Then TEL made an inverted Head and Shoulders pattern and just recently TEL broke the Head and Shoulders' neckline; that means reversal confirmed. Let's see how high TEL can go.
$TEL UpdateNYSE:TEL beautifully gained support of $0.001459, currently moving to reattempt at $0.001543, possible bullish engulfing on current 4h similar to CRYPTOCAP:BTC , should be able to take $0.001572 easily breaking out from here if the bullish engulfing played out, RSI on 1D and 4H looking good, Next key resistance at $0.001619 which will require $0.001572 support. Current key support at $0.001399.
$TEL Update (Bullish Pennant)NYSE:TEL key support at $0.002496 in effect, very poor 4H close following CRYPTOCAP:BTC here, Bearish daily close, bullish pennant forming here range narrowing down, but this will become ineffective if CRYPTOCAP:BTC slips, let's see if plays out, $0.002951 test will be likely if played out.
TELUSDT Strong buy opportunity on this Golden CrossThe Telcoin (TELUSDT) is extending its magnificent run since the October 20 bottom with a new Higher High this week near 0.0033. The 1D MA50 (blue trend-line) also completed a full cross above the 1D MA200 (orange trend-line), forming the technically bullish Golden Cross pattern on the 1D time-frame for the first time since January 14 2021.
That was the beginning of a parabolic 5-month rally of +44600% that stopped with the 0.065 All Time High of May 11 2021. This time though, it looks as if the new rise is mirroring the fall since the All Time High itself. For a clearer illustration, we've plotted that on the price action since the August 13 high displayed by the green trend-line.
Assuming it continues, the rise appears to hit the May 11 2021 Lower Highs trend-line before making the first meaningful pull-back. For short-term traders of course, the target and first Resistance on the way up is the 1W MA50 (red trend-line), which has been keeping TEL below it since November 28 2021.
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