$Tel 👀 breaching a MAJOR support area??As you can see on the daily chart one of my favorite altcoins $Tel is on the brink
of breaking a significant support area that we've established for pretty much a year.
If bitcoin does what I think it will, telcoin could easily slice through the reaming
support areas and we could reach the bottom of 0.00016803. You pretty much can tell
on the chart itself that there's really not much support after that once resistance area
that we flipped into support. 2022 Is going to be a teaching to a lot of people, of why
it is imperative to lock in your profits when we rally, and stop listening to some of
these influencers that constantly imply that we are going to moon forever. When in actuality their gonna
just use you as exit liquidity. This is a great opportunity to stack those bags for those who've listened
and have locked in profits, for those who haven't it's going to suck. Anyways, may peace be the journey, remember don't FOMO and always take profits!
Telcoin
🆓Telcoin (TEL) Dec-8 #TEL $TEL
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.01$ zone
🔴Buy : 0.011 - 0.01
🔴Sell : 0.014 - 0.018 - 0.022
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.01$ zone
🔵Sell : 0.01
🔵Buy : 0.008
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
TEL me moreTELCOIN had a crazy ride this year and long-term hodlers got rewarded with 8000% and more ... still TEL has huge potential imo. It is not listed on too many exchanges and a listing could do the trick!
As we can see the uptrend (orange line) is broken, but we are still in the HUGE Triangle (white lines)!
What I can imagine, is that we retest the long-term support, bounce back and range in this zone till the end of the triangle - the blue line shows the possible (positive) outcome. IF we break below the support, I would recommend to wait on the sideline. As we are in a bull market for now, I still think that TEL has a good chance to show a great "comeback". Fingers crossed!
Sloppy drawing as always ... but easy to understand - this is what I try to provide!
Good luck!
V
TELs passage to .50V2 released took TEL 25 days to make the move, TEL moved +70% with this news
The trend is identical, retest of pennant and consolidation until next move about 3-4 weeks
TEL will makes its move within the next 18 days, I am expecting a move to .08-.10 during first week of Decemeber.
V3.1 + V3.2 catalyst could start this rocket faster.
Price Target remains the same
doing this for myself to see how accurate I will be
TEL 6 Month Downtrend BreakoutTEL has finally broken out of its 6 month long descending triangle, and successfully held it as support. With the new release of v3 I think we see some big increases in volume over the next few weeks and begin our run to $0.10. Target price is $0.25 around end of January '22.