PA is currently trading in a descending wedge, based off my analysis i believe we will see one more dip before PA starts breaking above major trend. Keep an eye on the .786
Hi dear friends, hope you are well and welcome to the new update on Telcoin (TEL) token.
Previously we had a nice trade of TEL:
Now on a monthly time frame, TEL has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
The daily chart shows that in late July, the Telcoin broke above a descending trend line at $0.2240 on its way to $0.0298. However, the trend breakout failed to attract follow-through buying, and as a result, TEL is retesting the trend, now at $0.0198.
Currently, the trend support is holding up, and TEL has managed to bounce 14% to $0.0238. The tightly grouped 50...
$TEL break above Kumo cloud with increasing volume; Bullish Divergence on RSI now trending up with PA. Stoch RSI moving up out of oversold territory- Buy Signal. Perfect entry would've been the retest of the kumo cloud break-around 450, but I was a little late for that and got in around 500-510. TP1:675 20%+ TP2:1040 100%+ (from current price).
