TELCOIN had a crazy ride this year and long-term hodlers got rewarded with 8000% and more ... still TEL has huge potential imo. It is not listed on too many exchanges and a listing could do the trick!
As we can see the uptrend (orange line) is broken, but we are still in the HUGE Triangle (white lines)!
What I can imagine, is that we retest the long-term support, bounce back and range in this zone till the end of the triangle - the blue line shows the possible (positive) outcome. IF we break below the support, I would recommend to wait on the sideline. As we are in a bull market for now, I still think that TEL has a good chance to show a great "comeback". Fingers crossed!
Sloppy drawing as always ... but easy to understand - this is what I try to provide!
Good luck!
V
As we can see the uptrend (orange line) is broken, but we are still in the HUGE Triangle (white lines)!
What I can imagine, is that we retest the long-term support, bounce back and range in this zone till the end of the triangle - the blue line shows the possible (positive) outcome. IF we break below the support, I would recommend to wait on the sideline. As we are in a bull market for now, I still think that TEL has a good chance to show a great "comeback". Fingers crossed!
Sloppy drawing as always ... but easy to understand - this is what I try to provide!
Good luck!
V