UPDATE :
According to the breaking of the 8-hour trend, in case of breaking the
support number 1.0470-1.010, the next support number is 0.7579-0.7880.
And in the case of support in the daily trend,
we will experience an increase in the price.
Note that this currency has strong fluctuations in the market and the
best offer to buy this currency is in the spot...
Labelled points a,b,c correspond to each other
inverting point a gives a nice comparison
Rising wedges are usually a bearish pattern, but lately I have seen some breaking out bullishly
regardless, this one seems bearish
As it is shown on the chart, it is clear that it is low risk and anti-inflation for investment, it moves very nicely and it has never been declining. It has no weird shades and is very confident
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
TOMOUSD showing a potential repeating pattern
leading to a massive channel breakout which would be nice
The pattern (1) has repeated itself, so I assume the next structure will repeat itself
It is a big assumption, but the bulls are favored so the chart will probably spit out something like that
Lets go TOMO!
✅ Buy: 2.40 - 2.70 ✅
🎯TARGETS:
1- 3.25 (23.25%)
2- 3.50 (32.70%)
3- 4.00 (51.00%)
4- 4.80 (100.0%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): will be updated
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Thank you.
Both the BTC and USD pair for TOMO
The USD pair doesn't look as bullish but the bullish nature is clear on the BTC pair
The tight wedge that has formed is going to explode to the upside (more probable)
Personally I think the breakout of this on the BTC pair will be epic.
TOMO / BTC
I talked with you before about TOMO at strong weekly key support and worth adding to your watchlist
You can check my last idea about it here :
If the bulls continue push strongly the price up
This could be a beginning of new bullrun
🚨 Weekly support should hold to remain bullish
Good luck
TOMO / BTC
Dropped to very strong weekly key support
0.00003700-0.00003400
As you see on this weekly chart this level rebounced the price multiple times before
On this area bulls have the upper hand and we have high chance for reversal
Add this coin to your watchlist
Good luck and happy trading 🌹
💎Technical Analysis Summary💎
BINANCE: TOMOBTC
-The downtrend continues after TOMO drops below its key level support
-The next key area of support is somewhere around 4400s sat
-I don't recommend buying at this level unless there are bullish signs
-So please don't try to catch a falling knife without a trading plan
A big Thanks for donating 💰 via Tradingview...
BINANCE: TOMOBTC
-TomoChain is pulling back since the recent rejection at trendline resistance
-If this retracement will continue, highly probable to retest the swing Low at 5246 sat
-It will be another -13% drop from the current price
-That zone will is a decision time to break the resistance line or fall lower
-My opinion, the 5200 sat range will not break...
TOMO/BTC
-The price has dropped over -40% from the High at 12000 sat
-Currently, approaching potential Key support at 6300 area
-This is a confluence of previous resistance before the strong uptrend
-Buyers will start looking at this key zone for potential Bounce reaction
-I recommend waiting for any Bullish reaction before placing your Bids
-Your upside...
TOMO/BTC
TOMO is painting a bullish divergence on the RSI and the price has reached the bottom trading last Sep-Dec 2019.
This is a good buying zone for accumulation if you are looking for potential mid-term trade setups.
If TOMO will hold this level, we could expect a 30% bounce from this area and stop-loss is below 3280 sats.
