TWTUSD Unaffected by the Bear Cycle, going to 2.700 and above.

The Trust Wallet Token (TWTUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since December 16 2022. With the use of the Fibonacci Channel levels we can identify the long-term bullish trend that the token has been in since its inception, unaffected by the 2022 Bear Cycle.

Three days ago it formed a 1D MA50/1D MA100 (green trend-line) Bearish Cross and as we see on the chart, this has most of the time historically been a bottom signal. As the price is supported right on the 1D MA200 (orange trend-line), we are expecting the green Channel Up to guide it upwards and once it closes above it, lead a rally back to the 2.700 and even the 2.0 Fibonacci extension slightly higher.


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