TNB is approaching its lowest price zone. And buying at the lowest price is always a good solution because of low risk but high returns.
TNB is going in two patterns : Falling Wedge and possibly a Broadening Right Angled Descending Pattern. The target of both these models is the 29-30sts zone and if it is successfully broken, it will reach the 45sts zone but I do...
3 Things are confirming the Bullish MOVE!
1. MACD Divergence - As you can see in the chart above, blue line is crossing the orange line below zero and also the Histogram is changing from downward to upward ( Indicates a bullish move ahead)
2. Volume is decreasing but the price is not decreasing but it is in accumulation zone indicates a strong volume may come soon...
-the price has dropped over -40%
-we can also see an ugly wick down to 4 sat
-this only tells us that the selling side is strong
-if you are looking to enter a buy position
-the 23-18 sat is ideal for potential bounce reaction
-this range coincides with fib 786 and 200D MA
-but always make sure to enter only when there is buying strength
-this will help...
TNB is respecting this downward channel by making a series of Lower Highs and Lower Lows.
Thought this downtrend is showing some early signs of strength from the bulls as the RSI is conflicting with what the price action is telling.
TNB could still go down further to 17 sats area before potentially bounce up to retest 21 sats or break this trend-line...
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. Moon can take >15 days. But it's recommended to hold it for 6-7 days if any target not reached. Sell...