My prediction for TRBUSDT.P is that the uptrend will continue and the price will reach 164.471 which is the previous high in 1W chart as shown below:
There are three entry prices:
1. Current price
2. Price if it drops down to the third red trend line (top being the first)
3. Price if it continues to drop down to the final red trend line
I suggest investing 40-50% in the first entry price, for the other two are based on the assumptions that the price will meet the considerable pullbacks.
1. Current price
2. Price if it drops down to the third red trend line (top being the first)
3. Price if it continues to drop down to the final red trend line
I suggest investing 40-50% in the first entry price, for the other two are based on the assumptions that the price will meet the considerable pullbacks.
Comment:
Trade closed: stop reached:
The price managed to reach 145 but did not climb further to the all-time high.
www.tradingview.com/...prepare-for-50-drop/
According to the news, the price of TRBUSDT is expected to continue to drop because it has been overvalued/overbought for too long.
I rarely use the technical indicators (anymore), so I never counted oversold/overbought level into my analysis but this incident reminds me to.
Now, this does not mean that the price would never be able to recover:
we see a lot of cases where RSI drops below the 70 line just to see the price spikes back up to make a higher high. This happens regularly.
But whatever the outcome is, my prediction has failed for now.
This gives us a valuable lesson that while the technical indicators do not mean everything, they still do give somewhat important context of the price movement, especially volume and RSI (which I totally neglected in this analysis) over even BB.
www.tradingview.com/...prepare-for-50-drop/
According to the news, the price of TRBUSDT is expected to continue to drop because it has been overvalued/overbought for too long.
Now, this does not mean that the price would never be able to recover:
we see a lot of cases where RSI drops below the 70 line just to see the price spikes back up to make a higher high. This happens regularly.
But whatever the outcome is, my prediction has failed for now.
This gives us a valuable lesson that while the technical indicators do not mean everything, they still do give somewhat important context of the price movement, especially volume and RSI (which I totally neglected in this analysis) over even BB.