TWT/BTC Technical Analysis Chart looking bullish#TWT/BTC TA Update:-
#TWT chart is Looking good.
As per chart there are two bullish patterns we can see.
First Bullish pattern is Bullish Flag and 2nd Bullish pattern is Inverse head & Shoulder.
So good time to entry.
Entry:- 1050-1110 Satoshi
Targets:- 1398/1706/2313 Satoshi
Stop Loss:- 999 Satoshi
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TWTUSD
TWTUSDT (TRUST WALLET TOKEN) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- TWTUSDT hit an ATH
- The market then retraced, rejecting the ascending channel (AC) resistance and breaking down below the minor ascending channel (MAC) support.
- Price is retesting the ascending channel (AC) support and 0.618 fibonacci retracement level.
- There's a relatively high concentration of buyers at this retest zone.
- The retracement is bounded in the minor descending channel (MDC).
- A breakout above the minor descending channel (MDC) resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Breakout above the minor descending channel (MDC) resistance and the previous swing high horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel (AC) and previous swing low horizontal support level (S1).
Projection for new highs in TWTUSDT 1H - RSI gaining momentumTechnical analysis regarding the price of TRUST WALLET TOKEN in relation of dollar Tether for the next scenarios, based on 1 hour movement.
Price forming upwards / bottom funds, however, is in a consolidation / lateralized phase on the 1h chart.
I believe that the price, losing this resistance, will seek the projected targets and, walk to form a new ATH.
RSI gaining strength and price already in an upward trend.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Trust wallet token (TWT)Binance's crypto wallet app token. I expect a strong rise in the price, as crypto is getting more known and accesible through this app. Moreover, signals are looking good, descending wedge.
However, price is highly volitile, so don't forget to place a stop-loss.