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.
