Tlmisdt has been trading in a large descending channel since its launch. In there, we've seen huge pumps and dumps based on its lower high and lower lows. Tlm began to pump after a very sensitive reaction to its strong support at .0688, if it can break the incoming resistance at .2813 then its possible for tlm to reach the price target listed on chart, else we'd see a huge reversal. Your likes and comments would be much appreciated, you can follow up for more helpful contents.
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Consider waiting for the next possible breakout with a successful retest before taking a long position to the price target. It was meant to be in the first caption but pls be cognizant, for every breakout there's be a retest that'd act as confirmation to long.
Trade active
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Tlm is currently trading below the key resistance zone and its showing some signs of recovery after the drastic fall from above. I'm waiting for breakout above the key resistance zone in rectangle then a retest at .2813 before i take a long position to the specified price target. After all this is done, i exhort y'all to put a stop loss a bit below the resistance zone(.2813). The previous fall was due to nth but btc. As at right now, btc is showing bullish signs and could possibly make it to 34k.Along line tlm will be favored but until then i can't forsee what's next on btc.
Valid✅ I have same idea on my chart. Good work Pearl. Keep it up!!
Pearl-A
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@PetrockFxTrading wow great, happy earnings. Plus, thanks a bunch for the positive comment.
khanburhan422
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Is this signal still valid sir?
Pearl-A
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@khanburhan422 Yes, kindly follow up the comment section for the updates.
Crypto-Consensus
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Thank you for this analysis. Where will be the retests? before reaching the target? In what timeframe do you think we can achieve $1?
Pearl-A
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@aidarousheikh waiting for another breakout at the key resistance zone in rectangle then a retest at .2813 before i take a long position to the target.I'd also apply a SL underneath as the volatility of btc can't be predicted but if it can make the breakout, tlm could possibly reach the zone. The $1 target is what i can't ratify now, let's first up see a hit at the tp.