TRUFI 26/03/2024 weekly analysis
Price completed acummulation phase and if we retest the range high, i will enter my position.
TRUUSDT.P trade ideas
TRUUSDT.PHello Trader BINANCE:TRUUSDT.P
potential to make another bottom/bounce of the 4-hour support area. even though this pair has touched the ath but there is still more potential to be bullish as long as the chart does not reject the white line area. recommend for spot only
take profit 48%
stop loss 10%
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Disclamer: Not Financial Advice
Thoughts on TruFi and the potential trend on RWA.Good deals, and may luck be on your side. Good day, dear readers. Today I suggest taking a look at the TruFi token. I'm not recommending buying it, but rather considering it from an investment perspective for the upcoming bull market.
In brief, TruFi is a lending protocol (lend/borrow) linked to RWA (real-world asset tokenization). The system even has its own not very successful stablecoin, which has recently been somewhat detached due to various events involving Binance, Justin Sun, etc., although as claimed by the teams and other people, this stablecoin was fully backed by dollars.
The token and platform's interest lies in its interaction with the real world. In my humble opinion, tokens from this sector will experience hype during market growth. Additionally, loan defaults lead to quite real legal consequences (with their pros and cons). As far as I understand, market participants (crypto enthusiasts, hodlers, coin holders, and ordinary people unrelated to institutional investments) can provide liquidity to the DeFi protocol. After that, a borrower who can borrow money, not in ethers or bitcoins, but in dollars, can be found.
Observing the perplexing movements of the stablecoin, I intentionally write this review to draw your attention to this asset. This is not a call to buy at current prices, as the price could very well break new lows before trending upward or stagnating. Nevertheless, this is a rather risky investment, suitable for a short-term peak and the first downturn of the bull market, but with the potential for decent returns. Since hitting bottom, the token has only risen by 120%, and the first subsequent minimal target would be beyond local highs, likely much higher. Even upon reaching this target, we could expect a 130% profit from this position. My motivation for investing in it (although I bought earlier and now hold about 40%) is the price bottom, token revival (albeit not very successful, as the daily candle was extinguished), prolonged accumulation, high previous highs, and potential hype associated with RWA.
The target on the chart is minimal and conditional, and cup-and-handle formations often do not play out and are frequently fictitious.
If you do seriously consider the possibility of acquiring the token, be sure to study it independently and at least read about it, as from the perspective of conservative investments, this is an extremely risky deal. I strongly advise against investing more than 0.5%-1% of your total portfolio.
This review is a work of fiction and is not an investment recommendation.
TRUE BREAK THE IMPORTANT TREND LEVEL --> UP $0,30 POSSIBILITYThanks for reading this update.
True coin did break an important level, Our data shows that there is high interest for TRUE, which could break in the next time frames up $0,30, this based on the extra study we did on this coin.
We will follow the true trend to see if it's able to break.
Further study shows that this is a building coin.
This is not trading advice and will stay our view and expecting for the coming time.
TRUE NEW INCREASE VOLUMETRUE shows a new increase in volume, which could be confirmed in the coming time frames.
We will follow the coin to see if it's able to confirm.
The reason for the volume is the trend data that this coin shows.
This coin is at basic choice on daily trends.
True can show in the coming time frames interesting targets.
Building coins can take some time before action.
LONG TRU for +28%TRU coin is expected to reach 0.133 $ , But it may take few days . Also the Bitcoin is not very Bulish so this will be a risky deal
TRUUSDT.1DHere's a technical analysis of the TRU/USDT chart on a daily timeframe:
Ichimoku Cloud: The price is currently above the Ichimoku Cloud, which is typically a bullish signal. The Cloud may act as support for future price movements.
Resistance Level (R1): The chart indicates a resistance level at R1, which is just above the current price. If the price can break through this level, it may continue to ascend towards higher resistance levels.
RSI (Relative Strength Index): The RSI is at a high level, close to 76, which is typically considered overbought. This suggests that the asset might be due for a pullback or consolidation in the near future.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and the histogram is positive, indicating bullish momentum. However, it's important to watch for any potential crossover below the signal line, which could signal a shift to bearish momentum.
SVP (Stop Volume Profile): The SVP indicator on the left side of the chart suggests there are areas of significant trading volume at certain price levels, which can act as potential support or resistance zones.
Conclusion:
The overall sentiment from this chart seems to be bullish in the short term, with the price above the Ichimoku Cloud and indicators like the MACD confirming the momentum. However, the RSI being overbought calls for caution. As a trader, I'd consider the possibility of taking profits at R1 or looking for a breakout above it for further upside. Given the overbought RSI, setting a tight stop loss would be prudent to protect against a potential reversal. As always, this analysis should be combined with other market information and news updates for a comprehensive trading strategy.
TRUUSDTBroke the downtrendline and got in on the retest. Weekly trend is up after a long downtrend. Price might still be moving lower, so only risked 0.5% so far on a total 1%. Undervalued RWA in my view.
TRU can continue tp go up after the PullbackTRU can continue tp go up after the Pullback
🔵Entry Zone 0.07625 - 0.07313
🔴SL 0.06771
🟢TP1 0.08365
🟢TP2 0.09888
🟢TP3 0.12480
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#TRU/USDT#TRU
The price broke the descending triangle upward
Drawing support from the green support area
We have support from the RSI indicator
We have a higher stability of Moving Average 100 that supports the rise
Entry price is 0.05600
The first target is 0.06300
The second target is 0.06853
The third goal is 0.07532
TRU - Break Time for TRU and SHORT time for us#TRU/USDT #Analysis
Description
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+ TRU appears poised to break its long-standing trend and move towards its next support level.
+ I'm identifying a favorable opportunity to enter a short trade.
+ It's important to note that executing a short trade in a bullish market carries inherent risks, necessitating the implementation of a stop-loss strategy.
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VectorAlgo Trade Details
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Entry Price:0.06792 (after breakout)
Stop Loss: 0.07 428
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Target 1: 0.06589
Target 2: 0.06325
Target 3: 0.05958
Target 4: 0.05636
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
Finally Tru Breakout Confirmed As Expected seems like has already bottomed out and finally ready for some solid gains
multi year down trend recently reversed with descending channel breakout so consolidation is over and now preparing for massive recovery in coming weeks
expecting 3 to 4x bullish wave in coming weeks
#TRU/USDT - Long - Potential 18.04%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: Risk 1%
Exit:
• ⎿ Target 2 : 0.0812 18.09%
• ⎿ Target 1 : 0.07214 4.92%
Entry: 0.06876 ⌁ 0.06876
• ⎿ Current market price: 0.06874
Stop: 0.06212 (-9.66%)
Technical indicators:
Big cup and handle pattern (thats repeating accross a lot of alts), solid bullish RSI and little overhead resistance.
• ⎿ 24h Volume: 8112389.17747
• ⎿ Satoshis: 0.06876
• ⎿ Analysis: TradingView
Promising This is a late stage defi launch with terrible timing for the initial investors. Their loss is now our gain as the token is primed to 3X quickly and do much more after the halving.
TRUUSDT.PTRUUSDT.P is just entring the bearish trend.
bearish divergence also shown in RSI.
We wait and watch for the breaout of last LL>
TRUUSDT(TrueFi) Bullish Bias UpdateSo based on the chart, the wave count show us that we are still in a wave 1 cycle, currently just completed wave 4 correction cycle, now expecting wave 5 cycle from the current price up to complete wave 5 of wave 1 then a correction from those Highs to create new lows wave 2 will be expected.
this might be a 10X gem..
TRU ANALYSIS🔮 #TRU Analysis - Breakout 🚀🚀
💲💲 As we can see that there is a formation of Descending Triangle Pattern in #TRU and trying to breakout the descending trendline.If #TRU breakout and sustains the higher price then we will see a bullish trend. 📈📈
💸Current Price -- $0.05822
📈Target Price -- $0.08617
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#TRU #Cryptocurrency #DYOR
TRUUSDT 3D#TRU is broken out the descending trend line on 3-days timeframe. Price can easily get doubled in mid-term. You can see the targets on chart.
TRU/USDT Ready for an Explosive Journey? 👀🚀TRU Analysis💎Paradisers, let's take a closer look at #TRUUSDT, where the current trends indicate a viable opportunity for a bullish resurgence from its essential support zone.
💎A review of #TrueFi's latest market trajectory reveals a profound 79% reduction from its recent high. Yet, the determination at the support level of $0.04675 suggests a doorway to an upward movement.
💎Despite the hurdles in achieving new highs or surpassing previous records, which has led to a temporary bearish sentiment, the $0.04675 level is pivotal for #TRU. This juncture is on the cusp of initiating a notable bullish wave with a fresh evaluation.
💎As forward-thinking traders, we're perpetually prepared with an alternative plan. If #TRU dips further from this support, we're poised for a bullish comeback starting from the secondary support at $0.034. It's imperative to acknowledge, however, that crossing below this point could indicate a deeper bearish trend.
💎Maintain adaptability in your strategies and keen observation of market trends, Paradisers. Your ParadiseTeam is vigilantly watching, ready to guide you through these evolving market scenarios.
Is TrueFi about to moon(10X)Is this Gem about to moon,
Correction complete, unless we see an extension of it but otherwise from the current price im bullish, been bullish on most alts, tokens.
TRU trade setup looks absolutely incredible!The current cup & handle setup that has been forming is absolutely incredible looking! The recent down-thrust looks to have formed the bottom foundation of the formation's handle. I'm waiting patiently for the price to retest the breakout level from the "Bitcoin Approval Rally.'
I will be putting a long position on in that area when my charts give me the signal. This trade setup would work better on a higher dollar/lower leverage entry vs. in my opinion as it will take some time for this pattern to play out to its finality. If you use leverage, make sure that you keep it reasonable (10 - 20x), and keep extra funds in your account to give you a larger spread from your Liquidation Price to assist you in avoiding that dreaded 4 o'clock liquidation candle the Market Maker's love to throw at us in the middle of the night while we're tucked into bed sawing logs.
Good luck!
TRU/USDT bullish horizons from demand? 👀🚀TRU Today Analysis💎 Paradisers, take note of the current dynamics in #TRUUSDT, indicating a setup for a bullish journey from its emerging demand zone.
💎 #TRU has recently undergone a notable pattern, where it swept liquidity above a resistance level before taking a downturn. Currently, having breached the support at $0.04937, we're eyeing a bullish momentum initiating from the lower demand zone at $0.04622. Should the price respect this zone and maintain a strong upward momentum, we anticipate a vigorous bullish move targeting higher resistance levels.
💎 In the constantly evolving landscape of cryptocurrency trading, flexibility and readiness for diverse market scenarios are crucial for #TRU traders. If the asset faces difficulty in sustaining its position at the current demand level, adapting our strategy to anticipate a bullish surge from a deeper support level at $0.04138 might be wise.
💎 Importantly, a descent below this support could signal a need for a strategic pivot, suggesting potential challenges in maintaining a bullish trajectory in the #TRU market.
