TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave
Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon!
On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns.
If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see.
As per my Elliott wave analysis, the massive impulse wave to the downside should be completed and because of that, I expect an ABC retracement.
Main Profit target is 0.618 FIB + end of the wave 4 (High liquidity area).
We can also get stopped by the descending blue trend line, but i think it will break up!
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TRUUSDT
Eliot-style analysis of TruUsdt currency; Is 700% profit coming?According to the type of movements of this currency, it can be expected that the third downward wave has ended.
According to the high volumes shown in the square, it can be seen that the recent upward movement of the price can be the beginning of the fourth downward wave.
Hence, we go to confirm these volumes and change its temporary trend and check the divergence of the third wave.
Having a positive divergence in wave 3 confirmed the volumes; And it issues an increase signal to us.
The easiest way to extract the price target is to use the Fibonacci retracement tool, which can be used for the purposes of 50% and 61.8%.
Final price target based on Elliot wave count; It is right at the starting point of wave 2 or the ending point of wave 1.
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BINANCE:TRUUSDT
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KUCOIN:TRUUSDT
FTX:TRUUSDT
PHEMEX:TRUUSDT
COINEX:TRUUSDT
GATEIO:TRUUSDT
TrueFi (TRU) formed big bullish Gartley for upto 500% moveHi dear friends, hope you are well and welcome to the new update on TrueFi ( TRU ).
Previously we had a nice trade of TRU:
Now on a weekly time frame, TRU has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
TRU/USDTChart:
Frame: 1D
Currency: TRU/USDT
Platform: Binance, Gate.io
Buying area: 0.165 - 0.188
Selling: goals in the chart (20% for each goal)
Stop if you want to activate it: -10%
The TRU coin is located in the area. The purchase is excellent. Its last pump was 6X, so it is considered the most suitable area to buy it. Add to that a good signal from RSI by approaching the intersection with the 50 line, which is what creates pumps for us 😎🚀 And Allah is higher and knows best
TRU: Put it on your watchlist!As of now, the 4-hour oscillators are signaling a buy. The SMA50 has crossed above the SMA100. I'm watching for an entry very soon as I expect the 18-23 area of support to hold. My first target will be the 28-33 area (30%+ upside). This will be a swing position. Let me know any thoughts on this thanks.
TRU inside falling wedge try to break out#TRU/USDT
$TRU hold the support zone and pumped to resistance zone that is the same with descending resistance line.
break out from current resistance will increase price to next resistance zone around $0.63, and break out from $0.69 help price to make a new all time high.
TRU looking for a buyHello, back after some hollidays let's stop first at TRU.
Prices haven't been able to break the 65ct area which represent the middle of the mid range between 90ct and 40ct.
We are now at the bottom of this range with a Daily MACD creating hidden bullish divergence and ready to turn green.
My bias would be to go long between current price 46ct and 40ct in order to look for a jump to 70ct first and then 90ct.
This look simple but i think this is a good opportunity to long this market at this price.
TRUUSDT Technical Analysis⏳ Spot
💎 TRUUSDT has got out of the descending channel. After the retest and pullback at the support line we can expect more bullish move. We need to wait for the rejection at the support zone
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.4901 - 0.4575
☕️ TP1 0.5245
🍺 TP2 0.5768
🍻 TP3 0.6323
🍾 TP4 0.7000
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.4575 - 0.4243
Good Luck 🎲
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TRU inverted H&S If you missed my previous TRU idea...
...then there could be another chance to get in as TrueFi is forming Inverted Head and Shoulders 🤷 and if price breaks up I think there is chance for run to 1.04 and even higher. Will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above).
ENTRY : Backtest of the broken Neckline @ 0.722
SL : Right Shoulder @ 0.569
TARGET : Inverted H&S target projection @ 1.040
RRR : 2
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
A $TRUly great project with upside to $1.20 in the shorter term$TRU looks like it's about to break out. Once it breaks $.66, it should find a little resistance at the $.79 level before finding it's way up to $1.20-1.25 region.
I'd expect to see a pullback there before finding it's way higher over the course of the next few months to a final target of just under $3
Not one to get into fundamentals as I base all of my decisions on charts, but this project is also backed by some great VCs (a16z, blocktower, and alameda research) and uncollateralized borrowing lending should be a big category going into the future.
Entry at $.649. Let's see how it plays out.
TRU need to confirme bullish breakoutTRU seem to have confirmed a breaking of his flag consolidation, we are for now trying to build a slow growth between upper BB and MM20.
The move would be confirmed with a daily break of 70ct and i see 2 possible plans.
1 : Prices stays under 70ct and with time will take support on rising daily MM100 and break the resistance.
2 : Prices break 70ct at anytime and confirm the bullish move with 90ct/1$ as 1st target.
The MACD H4 has already consolidate and a move up could happen in the next few days but as long as we are above MM20 i would considered this situation as buying opportunity