TradingShot

TITANSWAP going for $100 by the end of the year.

Long
HTX:TITANUSDT   Titanswap / Tether USD
TITANUSDT has been on an incredible parabolic rise since the start of the month. It has broken all barriers, including all Fibonacci retracement levels, as well as the 1D MA50 and 1D MA200 (blue and orange trend-lines respectively). The coin has gotten us used to price spikes like this in the past and are indicative of its strength. In fact this resembles the rally of its early days in October 2020.

The 1D RSI hasn't been higher ever, showing the strength of this rally and if the 11.00 High breaks, we may see a repeat of the 2021 Cycle. That would put the new Cycle close to the 2.0 Fibonacci extension, which is right above the $100.00 mark. The 1D MA50 has to support throughout this rally.


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