Telcoin
TEL prepping for a UptrendI've gone ahead & broken down the phases we've passed through, starting from the left we were in a nice Uptrend consolidation which led to a oversold situation that formed into a Inverted Head & Shoulders.
Following the H&S we say a Bullish Elliott's Wave into a triple top in which we've been in the sell off-phase. As you see we are approaching the 200 EMA also the Oversold Indicator on the RSI chart. This why why I believe we will continue to see an uptrend play out as we move into Friday morning.
TEL ready for a take off. The MACD is positive, the Bollinger Bands are tight, and RSI is healthy. I would like to see the volume increase over 22M day over day in order to confirm the breakout. For now I'm remaining cautious and looking to see if the V3 release is nigh. The Balancer automated market maker may be the hint that we are extremely close. Remain cautious for a release, but we may pull back following BTC which would be healthy. $TEL
TEL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
TEL is sitting around a strong demand zone in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on M30: TEL is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, TEL would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Telcoin (TEL) having a hard timeFantastic potential in the long and medium-term,
but the short-term TA is neutral. It is still pulling back after a 35,000% rally between January and May.
If this keeps going I will need to lower my medium-term channel line.
I'm bullish on TEL but right now the sentiment is neutral if not bearish. The team needs to get their V3 app released to fix the sentiment.
Bullish in the long term
Neutral in the short term
Telcoin - TEL - If Telcoin touches 1 cent again...Telcoin - TEL - If Telcoin touches 1 cents again, I ain't saying nothing. last time it move from 1 cent to 1.5 cents for a 50% gain. We expect big price targets for TEL. How cheap can it get? Some are loading up on this like others loaded up on DOGE. This coin has a real world use case. Short term, you may want to double up/triple up an account. Long term, this is a HODL play. Technically speaking 100,000 coins at 1 cent will have a value of $100,000 if coin goes to $1 longterm. Mind blowing if price went to $10 (1 Million value) or $100 (10 Million value). This is the value in HODLing Crypto. This is why Billionaire are HOLDing crypto over the dollar. The dollar will not appreciate like this. Welcome to the future of value. It doesn't have to be this coin(you could be interested in BTC, ETH or XRP), but we have to ask ourselves some serious questions. Do we have the initial investment to set and forget? Will we have patience and HOLD for several months or years? For Edutainment purposes only.
TEL - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
TEL is sitting around a strong demand zone in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: TEL is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, TEL would be overall bearish can still trade lower till around the 0.005 before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Telcoin - Hit lower level of support near 1 Cent - Bargain?Telcoin - Hit lower level of support near 1 Cent - Bargain? This is a HODL play. Accumulating coins is the name of the game. If Bitcoin and other cryptos break out, this could be the catalyst for Telcoin to rise. How low does the price have to be for everyone to see the value? 1 cent is pretty low. sub-penny? We will see?
Telcoin- BuyHello,
I previously bought Tel between 0.003 and 0.007 and sold @0.04
Since I sold I have been waiting for Tel to retest that area. over the next coming months I believe we will have tested below $0.01 again and we will be moving sideways.
I have set buy targets between 0.003/0.007 once again for the next cycle. Be prepared to wait a couple of years before any real movement again.
If #BTC can find support around the $20,000 (currently $31,000) I think this cycle could have another leg up towards the end of 2022.