TWTUSDT trade ideas
[$TWT] Trust Wallet (follow-up)Not the best timing on my last two posts. Holidays tend to induce inactivity but Christmas is over now. Diminishing supply, increasing demand and the 4H MA is broken. If the price breaks the grey area there should be acceleration, specially if big caps also rally. I'm not saying that the crypto downtrend is over. I'm saying that $TWT is one of the strongest cryptos right now and can really benefit from a rally if the whole market rallies. S&P also is looking bullish short-term.
🔥 TWT Bounce From SupportOver the last couple of months I've made several analyses on TWT. In my view, the long-term chart of this token is one of the better looking charts of the moment, since the token is in a strong uptrend ever since the May bottom.
With yet another bounce from the dotted support the bullish narrative becomes even stronger, especially since the whole market is going up.
I'm looking at a $1.70 near term-target, potentially even $2 if we can get a strong pump going.
TWTAfter TWT reached a new all-time high, the coin made a rollback of more than 50%. Now, on a general bullish trend, the price also made a slight increase. But tomorrow, Trust Wallet is going to give an online interview on YouTube. I think that the speaker will be able to provide interesting and positive information. Which can be a good incentive for the further growth of their personal TWT cryptocurrency! The chart depicts a possible scenario for the development of events in the near future. The broadcast will take place on 01/06/2023. at 15:00 GMT!!! All pleasant viewing.
TWT/USDT Analysis Technical in Daily 💎Hi🎋
As you can see, TWT digital currency is in a long-term ascending channel. Recently, after the price hit the ceiling of the channel (at the level of $2.8), TWT experienced strong selling pressure and reacted to the support area of $1.2.
Due to the existence of a price gap (FVG), the price is expected to grow up to the resistance range of $1.8 and even a little higher, and then the price will be corrected again.
If TrustVolt cryptocurrency breaks the bottom of the channel downwards, the price is expected to react to the $1 support area.
Arztoday Team 💙
Analyzer ✍: AR.Rashidi
TWTUSDT SHARKThe shark candlestick pattern is a new harmonic chart pattern discovered in 2011 by Scott Carney that indicates a trend reversal possibility. So far, the pattern has been proven highly accurate and can be used by traders to identify trend reversals and find successful trading opportunities.
Discovered by Scott Carney in 2011, the Shark harmonic pattern is a five-leg reversal pattern largely dependent upon the powerful 88.6% retracement level and the 113% reciprocal ratio. In addition, it has a chart formation called an Extreme Harmonic Impulse wave, which looks like the M letter for a bullish shark pattern and W for a bearish shark pattern.
As with other harmonic chart patterns, the shark harmonic candlestick formation must meet several Fibonacci ratios to be valid. It also aims to predict future price movements using previous price swings and geometric shapes.
However, Scott Carney used another method for the famous five swing harmonic pattern points. Unlike other harmonic patterns with the following swing points – X, A, B, C, and – Carney developed another method for the shark harmonic pattern using these price points – O, X, A, B, and C.
Apart from the different swing point labeling and the unique Fibonacci ratio Carney invented for the shark pattern, it is similar in structure to the Cypher pattern, the Bat pattern, and the Crab pattern.
Likes and comments if you have questions! 🍌
Thanks!
TWTThe TWT cryptocurrency has been one of the most volatile over the past two months. In my portfolio, this cryptocurrency ranks first. And although I bought it at a price of about $ 2 dollars and now I'm sitting in a drawdown, I do not regret this purchase. Moreover, I made another purchase. For me, this coin is a leader because it has a very strong foundation! And not even the bear market that was this year, it showed growth. And I really want to see what happens to her in a bull market. I think that it has very great prospects. The chart shows that the global trend is still showing growth. After each high, the chart forms a bowl. I think that this time the coin will make a movement and form the same harmony. And the price at which we now have is very attractive for buying this coin on the spot. The main thing is not to go below the ascending channel! But the indicators show that the TWT market is oversold and is likely to reverse in the near future.
TWTUSD ❕ descending trianglePrice has formed a descending triangle on declining trading volumes.
On the 4H and 1H Timeframes the TWT and RSI chart formed a hidden bullish divergence.
The RSI chart is in a buy zone (1H and 30m TFs)
Price is testing 50EMA as resistance on the 1H Timeframe and as support on the 30m Timeframe.
I expect the price to rise after it fixes above the resistance level.
TWTUSDT 4HOn the 4 hour chart TWT has clearly bottomed at 1.2457. This asset does not usually stay below the MM200 for a long time and will soon seek its return above it, which is now at 2.1250.
A wedge has formed and we expect to break to the upside as TWT has great fundamentals. If it breaks out to the downside, it will likely go for bottom at 1.2758.
Normal movement, normal volatility, following BTC and traditional markets.
TWT is a governance token, which will be used by anyone who wants to participate in decision-making to add new support features, tokens and blockchain products. Also used to charge fees for submissions to the Trust Wallet repository.
Here are the supports and resistances:
S: 1.4718 / 1.2758
R: 1.5774 / 1.6778 / 2.1250
🔥 TWT's Dream Has Ended: Bounce Area LocatedOver the course of the last two months I've made several analyses on TWT and the bullish price action I was foreseeing. Below my initial analysis.
Since then, TWT has seen a massive ~150% move, but has given almost everything back over the last two weeks.
In my view, there's more selling ahead. I'm looking at the dotted top resistance (now support) line for a bounce. Target placed at the Summer'21 high.
TWTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for TWTUSDT
As we analyzed on December 14, we expected a falling trend to happen and currently you see the prediction was precise. There is R2 that is a resistance area and R1 used to be a support area. And finally at the bottom of the chart, S1 is a long-term support line which includes the support of price since the past. Thus, we have the price fluctuating below R1 area and our expectation would be a rise to the height of R1 and there we should receive some confirmation candles to make sure what will happen exactly. We believe the price will give us some falling signs and then a decline will happen toward S1 or lower than that. Also it is probable that the price moves above R1 and has more increase via its fluctuation over there. It is recommended to activate your stop-loss points due to the unstable situation of market.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck