Chart says it all really.
TrustSwap has sound fundamentals. They acquired the Crypto App which has 2m users back in June. Their IDO's should be launching when the bull market is back in full swing and so should the SWAP token.
Also check out the Bollinger Band, getting compressed there too and ready for the next big move up.
Symbol: SwapUsd
Pattern: Rounding bottom
Neckline: $2
Current price: $1.5
Entry: If price closes > $2 (Breakout above neckline
or enter on retest of neckline as new support)
Measured Move: $2-$3 (up to 50%)
Stop Loss: If price falls back inside rounded bottom
Swap / USD has been bouncing in this support/resistance channel since Feb 16.
Good opportunity to enter a long position.
I've set my take profit orders at 3.10$ and 4.60$. Stop loss at 1.96$
Fundamental reasons:
1. Avalanche network partnership with Trustswap as trusted benchmark crypto incubator on their network. Launching by April 25.
2. last week, Coinmarketcap approach Trustswap to add as a 1# lauchpad category and their launchpad list.
3. They have just spent ton of money for popular crypto youtuber to covering Trustswap in the next 2-4weeks. A...
Reason: Interesting updates/target before april
1. BinanceSmartChain integration on staking,, soon will having new liquidity from BSC DeX or binance exchange? btw also being multi chain with Avalanche & Algorand.
2. Launchpad Farming Pools product, do you familiar with pancakeswap?, it will help remove $SWAP from the circulating supply, increasing its scarcity....
Dear Tradingview community,
I'm seeing a nice opportunity here, allow me to explain:
SWAP is experiencing a correction of around 35% from its ATH after a fast parabolic rise of around 300%. The parabolic increase by itself was to be expected and is justified because the fundamentals for this cryptocurrency are extremely with new features being released almost...
Fundamentally #Trustswap is a very promising project. The token is on sale compared to ATH.
Technically it looks to have entered a descending channel.
September 5th it PERFECTLY bounced of the 4637 level - a level drawn back in mid August.
September 10th it once again got rejected by the lower blue line sending it back down to test the 20-day MA.
Let's HOPE that...
