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Telcoin / Tether

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TELUSDT trade ideas

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
Long
by HypeB
2
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.
Long
by DrLin
Close lookFirst of all I want to introduce the DC indicator with a brief note; DC looks like Bollinger band BUT it gets narrower and narrower as you see at the blue arrow, which mostly refer to accumulation phase before a run. Now on daily chart we have golden cross again for the 3EMA (20,50,200) which indicate a bullish short-mid-long term run. Although MACD just crossed to the upside again and the stoch indicator which is a good news and make us expect a run towards the upside Seems like we will enter November with a new ATH or much closer to it Am looking forward for a 2x4h close above the Monthly resistance at 0.02124145 ( which i said we will do it very soon, please check related idea) or 1x 1d candle above it, then am looking upside to 0.032 easily. Next days will be great, Just do not leave before the run xD This targets will be reached soon, MAX at the beginning of Nov. Support by like and I will keep this updated PLEASE Take a look at Related ideas Does that mean that we will not go down alittle next days ? On lower time frames surely we will go down a little and go up again, but on daily I think we will have 3-5 Green candles for next days
Long
by HypeB