TELUSDT trade ideas
TELCOIN - Undervalued & Great Price to Accumalate whitepaper.io
This asset is not supported on Coinbase yet, but you can store it and transfer it to Coinbase wallet by purchasing from an exchange like KUCOIN.
The telecommunications industry needs a disruption, this project is insanely undervalued, Read the white pages for yourself. If you can buy it via TELUSD instead of opposing Tether do it, and hold it in a trusted crypto broker/wallet provider. My personal favorite is COINBASE.
I'm adding this to my crypto portfolio, accumulating at CENTS is very low risk.
TELUSDT Update-First of All, Congrats for breaking the descending channel I mentioned in my last idea, we broke it successfully and close a 4h candle above it and waiting for 1 more 4h candle above it !
UPDATE:
After breaking the descending channel, $TEL Should tend to retest the upper border of the channel BUT $TEL although broke the WEEKLY resistance and now it turned into support that I suggest that $TEL will stand on it and will not retest the upper border of the descending channel I mentioned before
One more thing, In a related Idea before, their was a supporting trend line that $tel was above it, TEL is now back above it and surprisingly it align very good with the weekly support line.
What should we look for ?
A daily close at the same level will be good, But am looking for a break to my triangle ..
For me as I told you before, We are in a symm. triangle too. TEL tried to break it but we got resisted and went back..
For the upper line of the symmetrical triangle, In my opinion the upper line of the symm. triangle is the complete straight one but I drawed for you to the other line people suggest.
Breaking it mean a Higher-High for TEL since a long time and maybe a new ATH too
Push the like button for more <3
UpdateInstead of talking about the triangle that we are in now,
Lets talk about the descending channel we are moving into too.
While we are moving into the symm. Triangle
We are now moving into down channel
I mentioned on the chart the support and resistance points
From my opinion we should break the channel by 3-4 Nov. to the upside
- if u are trading not investing, keep buying at support and sell at resistance
For investors just keep calm, it’s the quite before the storm
TELCOINDaily Time Frame
-if closes above .019, goes to .022
-breaks .016 downtrend breakdown
-closes above .0227, up trend
-consolidating , volatility ready to explode so direction decides alot
-if breaks to upside. long term at fib ext. .618, long term target is .04
- if breaks down target is .005 mid term
Telcoin Madness: what's next?Telcoin’s Price Action between May 10 and October 28 can be divided into two phases, the correction phase and the recovery phase. On May 10, Telcoin reached an ATH of $0.06; it progressed to a Cycle Low ( CL ) of $0.009 on July 20 (correction phase). Since then, it has stayed between the ATH and the CL . The two phases therefore are the correction phase from ATH to CL which ran for 70 days (May 11 to July 20), with a total volume of $2.175 billion. The Second phase can be characterized as the recovery phase which began on July 21 and continued at least to October 28. This recovery phase has lasted at least 99 days with a total volume of $1.338 billion.
Focusing on the recovery phase
If you take the ATH and the CL , the average price from these two phases is $0.0255. Interestingly, this price has been an area of major resistance. In the first phase, this region (of support then) was broken a number of times, with the final breakthrough on June 21. A recovery was attempted on June 30 without success. Since then, the price has stayed below this (now) area of resistance. During the recovery phase, Telcoin has tried to break through this area of resistance at least thrice, without success. On the downside of the recovery phase, there has been two areas of major support. The first one is the vertical line from the CL , the second one is the horizontal line around $0.018. What is important is that the two areas of support are now diverging at around October 28. While this are can be broken through on the downtrend, it is unlikely.
What happens next
From a price action perspective, it is likely that Telcoin price will recover at the major support area around $0.018. Thereafter, the major resistance is $0.0255. There might be some hiccups along the way, but these are not likely to be major.
The key is for Telcoin to break $0.0255. For this to happen, fundamentals need to align. In particular, the release of the mobile Telcoin V3.0 is of major significance. Similarly, the opening of the US remittance corridor is urgently needed, likewise listing of Telcoin in new exchanges.
If the fundamentals do not align, then Telcoin risks breaking below the $0.018 support level , and potentially going all the way to the CL of $0.009. This scenario will be fuelled by unhappy hodlers who may opt to take their investment elsewhere.
All in all, it all depends on what the Telcoin Team does in the coming days.
Nov. gotta be huge maybe ?I think this is my final look for the symm. Triangle
It’s clear that if it breaks upside next 1-2 weeks, target gotta be 0.078 - 0.08 cents
I still believe that $TEL will at least reach 15-25 cents -at least- by the end of this bullrun by dec. or jan 2022.
Waiting for it
Like to keep updated
TelusdtA new small gap is created again so $TEL will fill it soon and I think we can have a daily close above the Monthly resistance today
If you don’t know about the gap, just refer to the related idea.
TEL candles sometimes have gaps between 1candle and the next, whenever the price drops or go upside it seems to be getting back to fill this one.
A clear complete example is at the related idea.
TEL will get up againHope you understand me
Tel will go back up again above the monthly level in few hours
If u see, when the candle doesn’t open at the same close point of the candle before, TEL seems to always correct this error by going upside or downside to fill the gap
Thats all.
For me to start a nice run, we have to close above the Monthly resistance with 2-3 4h candle, or a daily candle, the we will start walking to upside easily