TWTUSD: Hit our 1.6500 target but now correction is expected.

CRYPTO:TWTUSD   Trust Wallet Token
The Trust Wallet Token hit our 1.65000 target (chart at the bottom) much quicker than we anticipated and naturally turned extremely overbought on the 1D timeframe (RSI = 92.623, MACD = 0.152, ADX = 53.524). This 1D RSI is the heighest in TWT's history. If that alone isn't a sell signal, the 1D Golden Cross that was completed on Saturday is one.

Even though that is generally a bullish signal, all of TWT's Golden Crosses on the 1D timeframe, started corrections that approached at least the 0.382 Fibonacci level (normally broken much lower). Consequently we believe that the short term peak has been formed and expect a technical pullback. We target the minimum fractal decline of just over the 0.382 Fibonacci (TP = 1.35000).

See how well our prior idea has worked:

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##


Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.