TELUSDT trade ideas
TELUSDT Next Target Today's Date: June 16, 2021
The next target for TELUSDT is 4.2 to 4.8 cents. It will enter this range in the near-term with an increase in volume (in one month or less with V3 Beta and possibly US/Mexico corridor active), as well as an increase in the price of BTC (likely to occur).
TELUSDT 📞 on the 4 Hourly UPDATE*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only*
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An update from my last chart dated 26th May:
Have updated chart with:
🔸fibonacci confluence zones,
🔸added 21 EMA, *note we had a few close under this EMA on the daily
🔸added Golden and Death cross indicators
🔸added the ADX / DI indicators.
My strategy is still to buy and hold. I also have some laddered buy orders in place for a lower anticipated dip approx 3rd week June (around 14th - 20), which is indicated with X at $0.02 and $0.015.
Nothing but excellent news all round from TEL this week, in reflection:
TEL V2.3 was launched ✅
Users in Canada can now send digital remittances to 24 mobile currency platforms in 16 countries ✅
Am still extremely bullish on TEL!! Why?
🔹 Already in the top 10 best performing cryptos for 2021 after the crash
🔹 Anticipating further amazing results in the lead-up to the launch of V3
🔹 Increased exposure with recent listings on other exchanges
🔹 Increased publicity and leading the way now the Nebraska Legislature to create crypto & digital asset bank framework is now signed into law.
🔹 Solid roadmap for the rest of this year 2021
At the time of charting this, TEL ranks at #57 on coinmarketcap which is down 4 since my last update.
As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC.
Good chat.🤖
History -
My previous chart 26 May:
My previous chart 25 May:
My previous chart 5 May:
My previous chart 14 April:
Expecting Lower Prices on TELThis analysis is offered as an alternate view from all the moon callers. It could age very badly, but I'm good with that. The purpose is to share the idea, how I see this one unfolding in the near future.
I have two scenarios.
1. TEL has finished its first move. (Primary)
Why:
- This impulse could be counted as five moves up
- It has moved +100,000% off the low. Things don't go up forever
2. We're in a fourth wave here and there's one last move up before the wave two correction (See dotted line).
- This would have the move finishing at $0.12 - $0.16
In either scenario, I am expecting the correction to end at around $0.003. Thereafter, the expectation is wave three, where TEL would see significantly higher prices. That could be mid 2022 or further into the future.
Note: This should not be considered as advice to buy or sell Telcoin.
TEL - 10c by end of JuneThe Telcoin chart is looking strong as always.
Signs of strength
Tel has broken above the falling wedge pattern after the previous rally.
We are at support at 3 cents
Tel is just below the lower channel line
The lack of volume shows that people are holding as opposed to panic selling.
All the recent fundamental developments including the passing of the Financial Innovation Act in Nebraska has not been priced in yet, now was there much price movement when Telcoin was licensed to act as a crypto bank. All of which are huge developments for the space.
We are waiting for V3 of the mobile app to be released this month.
Based on these fundamentals and also the dynamic trend lines, I see 10c to 20c being possible by the end of June. However, as is always the case, it depends on Bitcoin's movements.
$TEL getting ready for the next leg upThis is my analysis of $TEL from yesterday. It seems to be obeying the lines. We hope for candle closure above the upward trendline so we can continue the leg up. Once we get a cross over above, $TEL’s next leg up will be epic! However, short term short will be okay as it may sell a little bit down to .02.. region. Feel free to comment.