TNB in Accumulation ZONE (BULLISH)3 Things are confirming the Bullish MOVE!
1. MACD Divergence - As you can see in the chart above, blue line is crossing the orange line below zero and also the Histogram is changing from downward to upward ( Indicates a bullish move ahead)
2. Volume is decreasing but the price is not decreasing but it is in accumulation zone indicates a strong volume may come soon and price is going to shoot up.
3. TNB is at the Strong Weekly support. The support was broken back in back on June 16 2020, and it was tested only 1st time and rejected obviously. Now after 30 days, the price is still holding at this support, indicating a strong move ahead.
Worst Case: TNB can retrace back to 25 - 21 Zone.
25 sats is a strong support.
If Bullish move occurred, It would b like this
TP 1: 31 (daily Resistance)
TP 2: 34 (daily resistance)
TP 3: 36 (weekly resistance)
Remeber when the move is bullish, it does not mean straight up, it moves in a zig zag manner making swing high, then swing low of that swing high, then this process repeats itself.
Thanks.
Trade Safe.
Goodluck.
Tnbchart
$TNB New Entry LevelTime New Bank! The name is quite attractive for me tho. The first time i ran into their website i almost got into misconcepcion about the MIT syllables which i thought it was the Massachusetts institute technology Institute Technology. After i read more, i smiled to myself. It is MiaoA International Timechain (M.I.T). Okay, nice marketing though.
I need to install the platform first. On the website it define as "The worlds first and only international time trading platform!". As i'm experiencing with the platform i think this one is a great platform which actually need a mass marketing tho. Even at the first me myself kind confuse about it but everything is nice.
They use TNB as incentive for the users. Plus poin that they are already release both Android and iOS mobile apps.
As I'm looking at the chart right now this one is kinda overbought so I think it need some time to chill a bit, but i will watch on the daily candle for confirmation for short term beneficial entry.
At the moment I will put buy order @ 152 sats as first entry then @ 130 sats as second entry. the resistance is 194 sats as it the closest fibonacci line that i draw @ 0.236 level.
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