TOMO has retraced back to a strong support level coinciding with the .786 fib level.
Looking to close with a bullish hammer at the bottom of a falling wedge, a breakout could soon follow. TOMO currently trades around 5.400, breakout target is at 8.800.
TOMO found support at EMA 200 periods yellow line. Potential bounce up to 6500 sats, next 0.5 fibs level at 7200 sats.
Volume: weak volume.
Indicators: MACD bullish crossover bellow zero line, RSI going to 50 points. Bullish sign.
S/R: Major Support 4900 sats, Support 5600, Resistance 6500, Major Resistance 7200.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the...
TOMO broke support at 7000 sats area and now facing a deeper pullback with a potential bearish cross of daily EMAs. This pullback could travel down to 5300 - 4600 regions
before attempting to break the trend-line and continue its longer uptrend phase. It is too early to buy a Long position as the downtrend momentum is still increasing. Wait for the...
Hello Successful people!
Here is the Trade Idea For Tomo/Btc
It has bounced from the daily 0.618 level with volume
If it breaks that Orange level i have mentioned then the 13k sats target can be possible, rest in future it will all depend on the Market condition and btc's movements but one should keep an eye on it.
Now an interesting Side Earning...
Entry : 0.00006376 - 0.00006099
Target 1 : 0.00007425
Target 2 : 0.00009035
Target 3 : 0.00010127
Stop loss : 0.00005590
Risk/Reward : 12%/60%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
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This has been one massive run up and what we're most likely seeing now is the corrective nature...however it will provide a buying opportunity once it's done retracing watch the fib zones between .5-.786 to see if buyers step back in.
Looking at TOMO on the daily chart
Price has gone a bit parabolic (+200%) while our indicators are showing signs of bearish divergence
Currently we have:
Bearish divergence in RSI
Bearish divergence in Histogram
OBV wanting to cross bearishly
Big hole in VPVR that needs filling in at some stage
Gap in price around 4590 sats
.786 fib links out with previous...
TOMO broke bullish with this bull flag pattern, and it is ready to retest the swing high at 10917 sats. The RSI is already too extend above the overbought condition for quite some time and it is starting to paint a bearish sign or uptrend weakness. My immediate target to the upside is the swing high and I'll be very cautious at this point since...
TOMO might be overbought, but here is all time high at 10903, so if bulls manage to push it above, that will be a moon rocket. Take it easy as it might get dumped back to 8300 in case of any BTC sharp move