Tel has broken above the falling wedge pattern after the previous rally.
We are at support at 3 cents
Tel is just below the lower channel line
The lack of volume shows that people are holding as opposed to panic selling.
All the recent fundamental developments including the passing of the Financial Innovation Act in Nebraska has not been priced in yet, now was there much price movement when Telcoin was licensed to act as a crypto bank. All of which are huge developments for the space.
We are waiting for V3 of the mobile app to be released this month.
Based on these fundamentals and also the dynamic trend lines, I see 10c to 20c being possible by the end of June. However, as is always the case, it depends on Bitcoin's movements.
$1 easy this bull cycle. BTC will pop to another ATH by September/ October maybe around 75k taking this up with it as it does so, then the final retracement as BTC begins bear market, Money floods the ALTS one last time pushing TEL up further as BTC retraces.
CryptoZani
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Awesome Chart Mitch! I like the projection for the rest of this year! Let's just hope BTC and other factors don't interfere with the much needed volume yippeeeee!! Thanks for charting buddy
JDMoon
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how do you set up the setting to see the overall trend like yours ? I cant see the overall trends in my chart clearly because the past candles are smaller and smaller and the current candles are big .. teach me pls
CryptoMitchX
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@JDMoon, Hey brother, turn log on in the bottom right hand corner.Then zoom out to the daily or weekly
JDMoon
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@CryptoMitchX, Thank you somuch ... bro . It helps me alot for my analysis .