TRBUSDT trade ideas
TRB#TRB
I will be short about this coin.
High probability that the coin will continue pumping. Last month it closed very bullish.
But, let me write you 2 possible scenarios.
If the coin continues it consolidation above 43$ - 46$ in this case, the retest of 64$ is possible (n.2)
If the coin closes with 1 H candle at around 43$ or below, in this case the coin will continue its downtrend towards to Green lines that I highlighted on the chart. On every level I would recommend to book your profits.
Continuation of ascending channelSynopsis:
There is a clear upward channel following Fibonacci zone. Currently the price is in the middle and shall go down, from where there should be either retracement to the top or breakout of the structure.
Entry: 43.944, Stop loss: 40.780, Target: 64.827, Duration: 4-6 days
TRB's Epic Climb: A Trendline Trade You Can't Miss!Let's dive into the intriguing journey of TRB (Tellor) as it embarked on a remarkable climb. After reaching a peak in overbought territory on lower timeframes, the market dynamics began to shift. However, by employing a simple yet effective trendline analysis along with additional technical analysis, a compelling trade idea began to take shape.
The journey started with TRB displaying significant bullish momentum, surging to its highest levels in a while. Yet, as it ventured into overbought conditions on shorter timeframes, it became evident that a retracement or correction was likely on the horizon.
This is where a careful examination of the trendline came into play. By drawing a precise trendline, we were able to identify key levels of support and resistance. These critical zones provided a framework for assessing potential entry points and risk management.
Additionally, our analysis delved into various technical aspects, including oscillators, moving averages, and candlestick patterns, to confirm the trade's viability.
As a result, a well-defined trade entry opportunity emerged, capitalizing on TRB's price action and trend dynamics. By meticulously considering these elements, we aimed to maximize the potential for a successful trade while managing risk effectively.
Stay tuned for more updates on this exciting trade journey, as we navigate the ever-evolving crypto market together.
#TRBUSDT.P - VOLUME IS CLIMBING UP VERY FAST. THEN A SHARP COMIN#TRBUSDT.P; It is definitely the most talked about coin of recent days. And the volume was up to $ 2 billion at one time, I saw. Nowadays, although there were big profit sales and the volume dropped to $ 300 million at some time during the day. The question that sticks in my mind is '' Why didn't the price fall so fast even though the volume fell so much? The reason is simple; because some of the big brothers deliberately remove the goods and create a last bullish move, making the small investor say, "Oh my god, let me not miss this at least" and leave the ship to sink by giving the last goods in their hands.
As a result, my prediction for #TRBUSDT.P is that it will be the same as we have seen in many coins before. That is; To send #TRBUSDT.P back to the support line at the bottom like other coins by giving the last goods in hand. To summarise, I think that the #TRBUSDT.P fury will end. I say it's time to be careful and look for short instead of long positions :)
None of my statements are investment advice.
Good Luck!
Finally time to short this s!%t?TRBUSD has posted a quite big bearish divergence on the daily chart. We've now broken down a bit and started consolidating.
I still don't know the reason for this pump in the first place, but looking for a breakdown of this pennant and price to head back to fair value.
Confirmation on break below and potential retest of underside of pennant. I've been short for a while and being eaten alive in funding - the market can probably stay irrational for longer then i stay solvent, but lets see how this finally plays out..
TRB is still falling!As we go further, we can see different scenarios for TRB on the chart.
After hitting TP 1 of the previous analysis, we saw the TRB pump.
By re-examining the TRB, it seems that the bearish triangle is being completed.
This falling triangle whose D wave is time-consuming and has become a diametric is also one of the valid TRB scenarios.
Do not enter the position without capital management and stop loss setting.
TRB's bull run is overTRB has been climbing for a long time and is up around 600%. It has reached an important resistance range that, in my opinion, cannot climb any further.
The red box is a suitable place for SELL/SHORT positions.
I also specified the invalidation level, closing a daily candle above this level will cause an analytical violation.
For risk management, please don't forget stop loss and capital management
I specified two tps .When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
📊#TRB double top short target has been achieved⚠️short➡️We seem to be in a long correction after a big rally, but we are still in bull strength overall.📈
➡️The bullish defensive point below is crucial, and if it is broken, then it will start a larger correction. I hope we can hold it successfully.💪
➡️If we choose to continue to rise, then a break through the ultra-short-term bear defense will open the upward path.📈
Let's see👀
🤜If you like my analysis, please like 💖and share it💬
Tellor TRB – Last impulse Before a CorrectionTRB Close to a Peak:
TRB had an amazing run but, IMO, it is almost at its peak. These are the reasons why:
1. TRB’s impulsive wave up, beginning on August 25th, shaped into a Rising Broadening Wedge. According to Murphy (1999), the Broadening wedge is indicative of a market top. The wide price and volume expansion represents emotional traders.
2. There is a pronounced bearish divergence on the daily chart. The divergence signifies that the bulls are close to exhaustion.
3. The RSI value on the weekly chart is more than 87. IMO, this level is unsustainable, and TRB will have to correct for the indicator to cool off.
Current Situation:
Currently TRB cleared a weekly supply zone and, it is trying to break through the weekly resistance level of 47.8.
Next Resistance Level:
The next levels TRB has to face are:
1. weekly supply zone between 59 to 73.
2. weekly resistance at 79.2
Wave count:
I do not consider myself an EW expert. However, this count is, IMO, correct. If anyone reading this has any suggestions or corrections, please share.
According to my count, in this impulsive wave, we completed four waves and now we are at the beginning of wave five. The common target for wave five is the 0.618 extension of waves 1-3 which is at 69.85. This fits nicely with the supply zone and the weekly resistance.
From a trading perspective the count doesn’t change much but it has nice confluence.
Short Trade Idea:
I do not have a specific entry, SL, and target, yet.
I will be watching for a violation of the wedge’s support line or at the resistance lines to enter a short trade.
I am curious to know if anyone else shares my opinion. Please share in the comments
Best Wishes
TRBUSDTI'm looking for short position from now where the target u can see in the screen.
If the price reach the white line (Big support) we gonna search for long position with sl and tp as u see in the screen.
for this idea as usual I used Fibo+volume
This not a financial advise. make ur research and ur own decision.
If u like the ideas u can follow me.