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TRUE

Tru/UsdtBINANCE:TRUUSDT ### ** NYSE:TRU Update 🚨** ** NYSE:TRU ** has **broken out** of its **main falling wedge pattern** after consolidating for the past few months! 📉➡️📈 This is a major technical signal indicating potential for significant upward movement in the near future. 🔥 --- ### **What's Happening?** - **Falling Wedge**: The falling wedge pattern is typically a **bullish continuation pattern**, where the price gradually narrows between two converging trendlines. A breakout from this pattern often signals the start of an uptrend. - **Consolidation**: Over the past few months, NYSE:TRU has been in a period of consolidation, meaning it was trading in a relatively tight range with no strong direction. Now that it has **broken** out of this pattern, the potential for **strong price movement** is on the table. --- ### **Potential Gains 💰** - After breaking the wedge, there’s potential for **100%+ gains** if the bullish momentum continues. 🚀 - **First Target**: The immediate goal is to watch for the price to maintain its breakout level and potentially target **previous highs** or resistance areas from before the consolidation. - **Long-Term Potential**: A sustained breakout could push NYSE:TRU even higher, depending on the market's response and broader trends. --- ### **Why This Matters:** - **Bullish Breakout**: Breaking a falling wedge is often a sign that the asset is gearing up for strong upside movement. Investors who catch the breakout early could benefit from substantial returns. - **Volume Confirmation**: Watch for **increased volume** accompanying the breakout. A strong breakout with high volume is usually more reliable than one with low volume, which might indicate a false breakout. --- ### **Next Steps 🔍:** - Keep an eye on ** NYSE:TRU ’s price action** over the next few days. If the breakout holds, we could see rapid price increases as more buyers come in. - Be mindful of possible **retests** of the breakout level (a pullback to the breakout zone), as this can provide a better entry for traders. --- **Reminder**: Always do your own research (DYOR) and keep track of broader market conditions. 📚📊 (Not financial advice, just sharing the technical analysis! 😉)
by Wolftrader1337
2
#TRU/USDT#TRU The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside. We have a bounce from a major support area in green at 0.0900 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 0.1250 The first target is 0.1800 The second target is 0.2100 The third goal is 0.2472
Long
by CryptoAnalystSignal
TRUE BREAK THE IMPORTANT TREND LEVEL --> UP $0,30 POSSIBILITYThanks for reading this update. True coin did break an important level, Our data shows that there is high interest for TRUE, which could break in the next time frames up $0,30, this based on the extra study we did on this coin. We will follow the true trend to see if it's able to break. Further study shows that this is a building coin. This is not trading advice and will stay our view and expecting for the coming time.
Long
by SatochiTrader
ATR - A theory on ATR Stop Loss and ATR Take ProfitsJus how to trade on ATR. Using ATR on XAUUSD, the ATR i found has alwasy been retested. So I meight be taking a profit and targeting 2 ATR but i found that price after 2 ATR will just touch and not stay there for long time,, and it will return at original point and start making a loss to stop me out of the position at a loss. So to counter this, I decided to take profits at every 1++ ATR or 2 ATR. Then within 1-2 candles, the price will U-turn and start to target the ATRSL. If the price moves fisrt to make a profit then quickly take out the position. But if price immediately going agianst you and targeting the ATRSL, it is better to wait out and not use a stop loss as price will retarget the original SL.
PEPPERSTONE:XAUUSDEducation
by amir_putra
True Dollar Index - Adj. for IMF Currency Reserve Weight (2022)As there appears to be much discourse around the status of the dollar as "the world reserve currency", it seems interesting to me that the standard measure of the dollar's strength is not weighted in this way. Here I am attempting to reconcile the standard dollar index (DXY), which measures the strength of the USD against a basket of other currencies (see below), with the dollar's presence within the IMF's World Currency Reserves (see below). I have chosen to call this the "True Dollar Index" (TDI) To do so, I have first taken the ratio of the Dollar's IMF weight against each currency and multiplied it by the dollar denominated exchange rate. Then I attempt to normalize the value by dividing it by the average of the 9 dollar denominated exchange rates. The equation I used for the 2022 TDI is as follows(*): (USDEUR * (58.81/20.64) + USDJPY * (58.81/5.57) + USDGBP * (58.81/4.78) + USDCNH * (58.81/2.79) + USDCAD * (58.81/2.38) + USDAUD * (58.81/1.81) + USDCHF * (58.81/0.2) + USDSGD * (58.81/1.505) + USDHKD * (58.81/1.505)) / ((USDEUR + USDJPY + USDGBP + USDCNH + USDCAD + USDAUD + USDCHF + USDSGD + USDHKD)/9) (*) This is in standard TradingView equation format and can be directly copy/pasted into the search bar - though values will convert to decimal As the weighting of the IMF World Currency Reserves is shuffled and reported at the end of the year, this should only be taken to be valid as of Q1 2022. For comparison, I have included the DXY in Orange. Note that I have adjusted the DXY by 41.0351, this is the difference in their starting values on Dec 31, 2021. This should allow us to capture deviation from this starting point. I chose this action as opposed to adjusting the existing equation to for simplicity, though one could easily drag the TDI down by subtracting the same amount. I make no claims to the accuracy of this chart as a measure of the strength of the dollar. I am not an economist, and I am happy to hear suggestions on how to improve this model. DXY Geometric Weightings: Euro (EUR), 57.6% weight Japanese yen (JPY) 13.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight Swiss franc (CHF) 3.6% weight Currency composition of official IMF foreign exchange reserves: Dollar (USD), 58.81% Euro (EUR), 20.64% Japanese yen (JPY), 5.57% Pound sterling (GBP),4.78% Chinese renminbi, 2.79% Canadian dollar (CAD), 2.38% Australian dollar (AUD), 1.81% Swiss franc (CHF), .2% Other, 3.01%* *To account for this ambiguity, I have opted for a 50/50 split of the Hong Kong Dollar (HKD) and the Singapore Dollar (SGD). These are roughly equal in their use as a global payment currency at the time of writing and are the only top payment currencies not already included in the weighting. Sources: en.wikipedia.org data.imf.org
by mdamante
1
🚨BTC Macro Cycle: "Hidden Death Cross" & "True Golden Cross"🚨In this idea, I identify what I call the 'Hidden' Death Cross & 'True' Golden Cross. They are the the cross of the weekly 50 SMA & 50 EMA. - With 8/8 historical cross cycles completed, this is statistically significant in the macro economic trend of Bitcoin and currently has a with 100% success rate. a. "Hidden Death Cross" consistently delivers a significant market contraction b. "True Golden Cross" consistently delivers a significant market expansion This trend displays significant statistical probability, and while I propose we cannot expect future cycles to repeat past results, we can assume there is a high likely hood of the trend repeating in some form and used past results as guidelines for future performance. Weekly "Hidden Death Cross" Data 5 Hidden Death Cross (HDC); 1. 26-Sep-2011: -60% 2. 07-Jul-2014: -73% 3. 28-May-2018: -62% 4. 24-Feb-2020: -61% 5. 30-Aug-2021: ....... 6. ....................... Success Rate: 100% Failure Rate: 0% Average Contraction: -64% 2 Standard Deviations Range (99% Confidence): Min -57% / Max -71% BTC Weekly "True Golden Cross" Data 4 True Golden Cross (TGC); 1. 16-Jul-2012: +16'890% 2. 20-Jul-2015: +7'192% 3. 29-Apr-2019: +179% 4. 03-Aug-2020: +531% 5. ...................... Success Rate: 100% Failure Rate: 0% Average Expansion: +6'198% 2 Standard Deviations Range (99% Confidence): Min - / Max 15'000% Comparison wit the famous Daily Death Cross & Golden Cross Trend BTC Daily "Death Cross" Data BTC Daily: 7 Death Cross (DC); 1. 10-Apr-2014: +56% 2. 07-Sep-2014: -69% 3. 15-Sep-2015: +23% 4. 04-Apr-2018: -60% 5. 22-Oct-2019: -29%% 6. 26-Mar-2020: +50% 7. 23-Jun-2021: -22% 8. ....................... Success Rate: 57% Failure Rate: 43% Average Contraction: -50% 2 Standard Deviations Range (99% Confidence): Min -20% / Max -70% BTC Daily "Golden Cross" Data BTC Daily: 5 Golden Cross (DC); 1. 08-Apr-2012: +24'169% 2. 13-July-2014: -23% 3. 21-July-2015: -30% 4. 02-Nov-2015: +6722% 5. 25-Apr-2019: +163% 6. 17-Feb-2020: -62% 7. 23-May-2020: +643% 8. 15-Sep-2021: ....... 9. ........................ Success Rate: 57% Failure Rate: 43% Average Expansion: +7'924% 2 Standard Deviations Range (99% Confidence): Min - / Max 21'000% Additional Hidden Trend Daily Death Cross & Golden Cross Triplets. In addition to the standard crosses, we can identify a pattern of 3 crosses together; 1. Daily Death Cross, Golden Cross, Death Cross: This results in a bear market with a 100% success rate 2. Golden Cross, Death Cross, Golden Cross: This results in a bull market with 100% success rate I will be posting on these trends more, since they are statistically significant and I believe will continue to display similar results, regardless of the FOMO or FUD that may be happening at the time. What are your thoughts? yemala
INDEX:BTCUSD
by Yemala
21