TLMUSDT trade ideas
TLM at the edge of the triangle, will potentially shoot up soonOn a higher TF, TLM is moving in a symmetrical triangle, with all pressure residing towards the upper channel. This is a sign that it has higher probability of breaking up soon.
From past few days it has found strong support at 0.25 zone and it might test same zone again, which could be our potential entry point for going LONG.
I have highlighted the are which is best for going long.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
TLMUSDT - BULLISH SIGNAL UPDATEAs you all know, TLM is not performing well from last 2 months and according to the Chart patterns, Ascending Channel is formed and also indicators giving bullish signal.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/BTC CRASH
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#TLMUSDT 8H chart
Price is ranging in a descending triangle pattern. Price rejected its resistance line and now it is heading down. RSI and EMA ribbon are not showing clear indications but MACD lines just crossed and is now bearish. Overall we also need to wait for the breakout in order to consider entering a position.
TLMUSDT IN A RISING WEDGETlm is following a rising wedge pattern to the lower high of the descending channel. A big price movement is expected from the higher low of the rising wedge to the specified targets.
Entry point - $0.275 - $0.289
Price Targets - $0.365 - $0.45 - $0.57
Stop Loss -$0.245
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TLM > Parallel Channel & Trendline Breakout > BullRun Confirmed!Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of TLM.
According to my technical analysis, TLM is moving in a parallel channel . Now, we are expecting a rise till next resistance.
As for Confirmation, We can see a breakout from trendline resistance.
"My analysis is valid until We don't see a breakout from channel"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TLM long - demonstration purposes, entry not possibleTLM is a relatively new coin and I don't know much of the fundamentals but based on trend and pattern, it seems we have a descending triangle with a relative good risk/reward long on retest of a cup and handle/triple bottom setup on the lower time frame. We are re-entering from oversold region and looking towards 0.308 as the first TP. From there, 0.328~ and up.
💥TLMUSDT - TO RISE BY 40% - 125% TO $0.4, $0.5, $0.6 & $0.65Please support this idea with a LIKE👍 if you find it useful🥳
Buy level - $0.28 - $0.31
Stop loss - $0.23
Take profit 1 - $0.40
Take profit 2 - $0.50
Take profit 3 - $0.60
Take profit 4 - $0.65
As we can see right here, we have descending triangle breakout and retest which signifies a good option to buy.
On the main chart, we have a good representation of the Inverted Head and Shoulder pattern
All conditions for a good H & S pattern is complete on this chart.
If you look closely, we already have the neckline breakout and retest which is a standard confirmation for a good buy.
Once pullback from the descending triangle is complete, I expect Tlm to rise by 40%, 75%, 110% & 125% to $0.40, $0.50, $0.6 & $0.65 respectively.
What do you think?
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