Very nice bounce off 50 MA on the daily chart
Weekly is still struggling to break 50 MA.
Looking for this to really start moving in the next few weeks. A continuation on the daily chart would lead to a large weekly breakout. If this can't break through on the weekly a continuation of this long term down trend will continue.
I have indicated on the bottom of this chart a support like that can clearly be seen as acting as support for many weeks.
For this to go up it really needs to break above this resistance at 50MA after that you may see large moves.
Not really sure where the targets are but I can see that we have been consolidating within a wedge. Volume dropping and price dropping = Bullish for telcoin.
TELBTC: Down trend Line Break out.
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Adil Khan
$TEL break above Kumo cloud with increasing volume; Bullish Divergence on RSI now trending up with PA. Stoch RSI moving up out of oversold territory- Buy Signal. Perfect entry would've been the retest of the kumo cloud break-around 450, but I was a little late for that and got in around 500-510. TP1:675 20%+ TP2:1040 100%+ (from current price).
Quite possible. Idea is that we could be aiming for 20 sats and beyond in the coming weeks. There's a possibility the correction can develop into something even more complex, but only time will tell. Fundamentals seem pretty solid.
So what's going on trader hope you have a good trading day
Telcoin is doing very well right now
I think the pair is producing an inverted head and shoulder which can take it to a new high level so keep an eye on it
Have a good day
Clear Resistance and Support Levels are shown on the 1D, 1W and 1M timeframe. With TEL Coin in its infancy, it should correlate well to theoretical patterns. Enter Long and Shorts upon Daily close above or below resistance level.
