Hello everyone, I invite you to review the TOMOUSDT chart on a one-day interval, as you can see the price is moving in the downtrend channel marked by yellow lines.
It can be noticed that currently the price is on the spot of the June low and is slowly starting to accumulate.
Now let's move on to drawing a resistance line that price has on its way, and as you can see, the first resistance is at thirty-five cents, the second resistance is at thirty cents, and the third resistance is at twenty-six cents.
Then we'll look at what resistance TOMO has in its path when it starts to rise, and as you can see, the first resistance is forty-four cents, then forty-nine cents, the next one is fifty-two cents and fifty-six cents.
It is worth paying attention to the CHOP index, which indicates that energy has been used and is in the accumulation phase, and the MACD indicator indicates a local upward trend.
It can be noticed that currently the price is on the spot of the June low and is slowly starting to accumulate.
Now let's move on to drawing a resistance line that price has on its way, and as you can see, the first resistance is at thirty-five cents, the second resistance is at thirty cents, and the third resistance is at twenty-six cents.
Then we'll look at what resistance TOMO has in its path when it starts to rise, and as you can see, the first resistance is forty-four cents, then forty-nine cents, the next one is fifty-two cents and fifty-six cents.
It is worth paying attention to the CHOP index, which indicates that energy has been used and is in the accumulation phase, and the MACD indicator indicates a local upward trend.