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TWTUSDT

#TWT, #TrustWalletToken UpdateA quick look at #TrustWalletToken (#TWTUSDT, #Binance, 4HR): Price broke the upper resistance of the pennant pattern on April 4 with a nice volume spike. Since then, we missed TP1 by a $0,01 and lost support at the $0,80 level. Currently, we are testing support at $0.74. If it manages to hold and push higher through resistance, we could see #TWT resume its path towards T1. If not, price might go back down and try to rebound from the EMA200, or in the $0.65-$0.62 range. To read more about TWT on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
by BitfulMind
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).
Long
by Chibuike_Odoh