Now that TRUBTC (TrueFi) is growing above EMA50 additional growth is easily possible.
We saw how breaking above EMA50 on this pair led to massive growth back in early August.
After a strong correction, prices are back above this level with bullish indicators (MACD and RSI).
We can see a sudden burst of 95% short-term and even more mid-term to around 190%....
TrueFi had a great pump (6x in two days) and the price got above the triangle apex. Now the price is heading to the apex to test it as support and if the price drops to the BUY ZONE 0.4-0.37, I will be looking for longs. Targets 0.92 and 1.15.
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The bearish figure, but seen many times it break to the upside. More chance for one more retest of support level, but in a nice position regarding 20 and 200SMA. If going up, watch that big resistance at 0,53, It was big support before but also bounced down from it... Good luck traders
TrueFi is within a flat triangle and approaching a significant level which we have bounced off twice before.
Watch this level for a bounce or break scenario and trade in that direction for the short term.
See me previous publication for more details >
!!BTC IS AT RESISTANCE RIGHT NOW DON'T GO ALL IN ON THIS!!
(if btc dumps this will dump too)
Buy 0.58 - 0.55 (give it some time)
Long-term targets only:
After huge pump in August due to coinbase listing, the price has gone into corrective phase right now and formed a bull flag on higher timeframes. It failed to hold crucial level of previous highs (0.54) which along with btc correction resulted in a dump right to the nearest zone of support (0.39)
No entry for now. First, re-claim of 0.54 level is essential ,...
After a few weeks of consolidating within a falling wedge, TRU has earned itself a golden cross on the daily chart.
This is a hugely bullish signal, which has come right at the end of the falling wedge, which increases the likely hood of a breakout towards the two upper targets I have set out, 0.80 & $1.00 respectively.
NFA & DYOR - Please like and follow if you...
TRU has just approached the $0.55 zone and buying power has appeared and if it doesn't lose this zone, in the next few days it will surge to the $0.7, $0.85 and $1.1 zone. But if it loses the $0.55 zone it will fall to the $0.4 zone or even deeper
🔴Buy : 0.535-0.565$. SL if B
🔴Buy : 0.68-0.72$ if A. SL if B
🔴Sell : 0.68-0.72$. SL if A
- TRUUSRT is on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is...
A Trading Signal is seen in the TRUUSDT TrueFi
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.146
⭕️SL : Close Below 0.1290
🔵TP1 @ 0.2455
🔵TP2 @ 0.3700
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Hi Traders, TRUUSDT on H4 Has broken above the Resistance and crossed the Bearish channel
⬆️Buy now or Buy at 0.126
⭕️SL @ 0.0979
✅TP1 @ 0.1895
✅TP2 @ 0.2455
✅TP3 @ 0.3700
We will have more FREE forecasts in TradingView soon
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TRU is quite weak at $0.14, so if it can't conquer this zone to continue rising to $0.18 and $0.28, it will fall to $0.11 and $0.09 by the end of this month and then rise again. $0.14 and $0.18 zone in mid-August
🔴Buy : 0.107-0.113$ if A. SL if B
🔴Buy : 0.088-0.092$. SL if B
🔴Sell : 0.137-0.143$. SL if A
🔴Sell : 0.176-0.184$. SL if A
This crypto alluded me, never looked at it until now and having had a look after someone stating on Youtube that it will be big (who knows), with these letters $_R_ (missing) I thought I give this one.
TrueFI or TRU might be the one he was alluding to. It turns out he was talking about Truebit TRU.
Having looked at this chart, it makes a lot of sense, as...