Twt
Important resistance!TWT is up more than 45% in the last 24 hours. Important resistance is considered in this currency's range of 1.32 to 1.52 dollars; this range's complete breaking requires the weekly candle's stabilization above this level. We can also see a new ATH registered for this currency at $1.8. After several months of market declines, this currency is one of the few currencies that has reached its previous highs. Therefore, if the market takes favorable conditions, there will be the potential for further price growth up to the channel ceiling is $3.80. The following long-term target can also be considered in the $7.2.
TWTUSDTNot a financial advise.
No problem for TWT until break down the acsending channel down side at the Horizontal Support at 0.92 level. The target for the current triangle is 4.7, don't look up for the direct target as shown on chart, but will take time.
DYOR
TWT/BTC Primary trend. Wedge (secondary trend).Main trend. Wedge (secondary trend), price near the secondary trend breakout zone (red) and dynamic support of the main trend (yellow)
This area is in close-up.
TWT/BTC Line Chart.Medium term work.
🔥🚀 $5 for TWT: What happen to TWT after triangle breakout?Hi friends! The most promising altcoin for the next bullrun. Trust wallet token (TWT) is a MetaMask wallet competitor. Binance, the largest exchange, and TWT cooperate with each other.
I think that Binance will help TWT to reach the targets that we will talk about in this idea.
🔥 Now the price of TWT consolidating inside the triangle and the range is narrowing. It means that the price can blow up soon. Do you remeber AXS which had the same consolidation before the PUMP? It was the top gainer of 2020-2021 which made 140-150x.
🚩 Additionally, you can see that all the crypto falls but not TWT. Even BTC fall to its bottom but TWT make the HL and can make HH. Strong bullish signal.
📊 My preconditions to open a long:
🔥 show the strength and beat 99% of crypto market. It confirms the pressence of buyer which support the price. It's really good for the upcoming growth.
🔥 squeeze to the upper boundary of the triangle
🔥 another chance to open a long is the test it as the support
🔥 volume growth at the test as the support show that buyers are ready to support the price
🔥 bullish BTC
🚩 Take a look on the chart. I make the second scenario for you. When the price break up the triangle and return to it (false breakout), it's a chance to open a nice short with target of $0.29-0.4.
📊 The 3 long targets for TWT:
1. $1.22 - the closest key level
2. $1.5 - the key level and ATH
3. $4.8-5 - just the technical long-term target if TWT break this triangle up. Also we need BTC will start it's new local bullrun at least.
✅ I think that even $10-15-20 is really possible target for the $400 mln capitalization project.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
TWTUSDT | There is a good entry point!Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌TWT coin is locally in a downtrend, this can be seen from the countertrend line. (Shown on the chart)
▫️I placed a crazy buy order (marked on the chart) for $0.9839 (-4% of the current price), the 0.236 Fibonacci zone is a local support zone.
💡There are just two options here, either the asset breaks through the countertrend soon and we fly to the 0.618 zone and catch a reversal from there, or we test 0.236 on the bitcoin correction and from there we are already going up.
🗯I chose a safer option, wait for the correction and enter a safer trade, if there is no correction, I will simply cancel my order😉
Can it sustain the breakout?We would like to consider TWT in the short term.
It showed very good growth over the summer, as we expected. Now we see a correction after this impulse and it is important to keep the zone around $0.9, since if it is broken through, a fall potential opens up to the lower border of the triangle at $0.65-0.7. There is a bad sign that we are getting closer to support and the buyer's reaction is no longer visible. In the case of the most negative scenario, we can see the breaking of the 0.70 zone and falling to 0.50, and I think such a scenario is possible with a very strong fall of bitcoin. In case of a negative scenario, we will close positions at breakeven in order to buy back lower.
TWT is going crazy🔥 What if it really happens?Hi friends! TWT is growing and reach huge resistance area but will it stop this altcoin? Don`t miss the nest entry point.
If you check the 1W timeframe you will see that TWT still in massive accumulation so the bull market begin it will have GREAT potential to grow. I think that $3-4 is real target for this alt. Agree?
Preconditions to open a local long:
1. local pullback to scare the retailers
2. volume growth which confirms the pressence of buyer. It would be nice to see huge orders at DOM.
3. squeeze to the trendline
4. bullish BTC
The local targets:
$1.35 - key level
$1.50 - key level
TWT reached the first target in this short idea but it`s not the main thing. The main thing is how the price test the key level and make a pullback. That is why you should use the key levels in your trading.
The DOM and Footprint indicators help me to find the whales orders close to such levels and open trades with high RR and low risk. I think the next time we shouldn't miss such entry point. As i said before this alt have a great potential. See it soon.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
TWT Multi-Year Triangle Pattern Calls for $1.4 TargetSince its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level.
Symmetrical Triangle Pattern
This multi-year pattern has the potential to continue driving the price action in the coming months unless we get a clear breakout on either side of the symmetrical triangle. First, TWT's price made a base near the $0.30 level, which was followed by a powerful uptrend topping out at $1.65.
A subsequent sell-off pushed TWT's price down to around the $0.45 level, generating another base from where we rallied again, but failed to reach the previous high. TWT topped again at $1.40 and sold off to $0.55 to form another base.
In the short-term, we have left the base, and if the same pattern repeats again then the current rally could fall below the March 2022 high of $1.40.
A weekly break and close above the $1.00 psychological level has the potential to cement the bullish case scenario.
RSI Oscillator
The weekly RSI has also broken above the 50 mid-level; the last two times this signal occurred, we had two powerful rallies. The bulls have the upper hand as long as the weekly RSI continues to print positive momentum readings.
$TWT looks good. A general bullish market will do it big good.I'm just going to use bullet points for pros and cons.
Pros:
* $TWT has basically been in a range for all of it existence.
* Price has been printing higher highs even within that range.
* One of the very few coins that has recovered the most from the dump.
* Price is approaching 3rd touch of the horizontal resistance.
* Target after the breakout is at least 200% and might be reached easily if the general market pumps.
Cons:
* Volume. I don't see convincing volume as price is approaching the breakout.
TRUST-USDTCoin of the Trust hot wallet, quite handy, with the possibility, recovery on a seed phrase, and support for many coins.
Coin repeating the price movements of bitcoin, stands in a rectangular consolidation. Nearest support 0.55-0.5, nearest resistance 0.7-0.88.
When bitcoin comes out of the sidewall, this coin can also be used for extra profits.
If you liked this article, please like it and subscribe to it, so as not to miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
🔥TWT: wait for the next bull trap to open a trade!Volumes have not increased since the bull trap. This means that the bulls have not yet liquidated and the price can go lower.
When the price falls to the trend line, the volume also did not increase, which shows the lack of interest from the buyer and additional bad signal.
📊Which scenario is more likely?
A slight rise in price to the second value zone of $0.65-0.67 and a second bull trap, this time with increased volumes, which will show a large number of trades in this zone. This will give additional confirmation that the price is not going to move higher: short traders sell their TWT to long traders and the price goes down, while long traders become fuel for the fall, selling the altcoin lower and lower.
📊Targets:
1. $0.55 - key level.
2. $0.45 - key level below which a lot of liquidity for big players to open their long trades. This is the area of massive liquidation and retail traders capitulation zone.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.