Both the BTC and USD pair for TOMO
The USD pair doesn't look as bullish but the bullish nature is clear on the BTC pair
The tight wedge that has formed is going to explode to the upside (more probable)
Personally I think the breakout of this on the BTC pair will be epic.
We're currently at the 1.6 extension compared to the last high and low. With such a large point of resistance here will we see a 5 wave elliot pattern? If so we'd retrace to the $1.4-1.6 range.The ideal alternative is we break the $2.30 resistance level and head towards $3.5 with a parabolic move. This will rely heavily on how Bitcoin behaves and if it sets a new...
TomoChain en busca de "Golden Pocket" formado a partir del Fibonacci Retracement con máximo en 30 Sep y mínimo del 4 Nov. En caso de lograr llegar a GP, se rompería de igual manera la Downtrend que comenzó el 13 Agosto del presente año.
TOMO has now approached the support zone at 0.66 USD. If it consolidates in this area, we could see a potential move towards the 0.236 fib at 0.8 USD which was the previous support. Breaking this support could pull back the price of TOMO back towards 0.55 USD.
Two possible swings would be : Long from the 0.66 USD area towards 0.8 USD with a stop loss below this...
a break of the pink line will be the confirmation for this trade.
TOMO is tending to hold its own during this correction time.
may lead to a stronger bull push once trends are reversed.
not financial advice.