💎Technical Analysis Summary💎
-Time New Bank broke its local support area signaling strong selling pressure
-The next key area needs to be watching is its daily swing low support at 12 sat
-Wait for any bullish price action or if the Bulls can defend this area
-This is a widespread altcoin so please don't oversize your position
A big Thanks...
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...
We have an early sign this downtrend is about to end. 4x bottom tested, potential Higher Low & Higher High
if daily candle closed above both 50 Day MA and 100 Day MA and break of down-line resistance with volume.
The market structure will be broken and a new trend will be develop and that's to the upside.
Buy area: 32 Sats - 28 Sats
This is not a specific strategy of mine or a particular signal that I believe in...
but there's a bunch of positive signals in different indicators and they all confirm a powerful trend... these signals are similar to those seen in coins like POE... so are the behaviors... so make sure you check out the POE chart too for research...
and be noticed although I'm...
TNB is now trying to breakout of a symmetrical triangle and we could see a big move up. The last time it broke out back in April we had a 100% move. Looking at the extension we could see a move up too 100 Satoshi.
Possible Bounce back above 100 sat incoming on TNB as altseason seems to be gearing up.
Still anything under 65-67 sat mean's we haven't found our bottom yet. I am optimistic we could see the 300sat + level again eventually but it will take time and TNB needs more positive press & visibility.
Still keep this one on your radar for buying around 69-74 satoshi....
$TNB is in accumulation zone and ready to start a new cycle.
It's great time to pick up some cheap $TNB.
$TNB offers one of the biggest PPT on the market.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
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...
TNB now in bottom and we in accumulation zone. We moving in up trend channel.
Just touched support line and go to the resistance line first
Good time to buy in deep for swing trading - position trading
On October 24, 2018 (SGT), MiaoA, the world’s first time trading platform launched a new project, “individual digital time” of Bowen Pan (a well-known...
I think TNB is going to give some gains in the coming days. As with everything it depends on BTC, I think its target for now is around $7500 so while things are bullish will try some alts again.
Chart is pretty self explanatory.
Bullish Divergence and cloud break on higher...
Another Ideas to keep an eye on is TNB, we are at all time lows for TNB/BTC via binance so we could see a bottom form. Still invest/trade at your own risk, I expect the coming months to be choppy but we should see a nice wave back up.
TNB Whitepaper - tnb.fund