Trust Wallet Token (TWT) Analysis:
Trade setup: Pullback in Uptrend opportunity. Price was 2x rejected at $2.75, forming a bearish Double Top pattern, and pulled back to near $1.25 support. It is getting oversold (RSI ~ 30) as well and could see a bounce up near-term.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $1.80, which it broke, then $1.25. The nearest Resistance Zone is $2.75.
Trade setup: Pullback in Uptrend opportunity. Price was 2x rejected at $2.75, forming a bearish Double Top pattern, and pulled back to near $1.25 support. It is getting oversold (RSI ~ 30) as well and could see a bounce up near-term.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $1.80, which it broke, then $1.25. The nearest Resistance Zone is $2.75.