Trust Wallet Token (TWT) technical analysis:
Trade setup: Price broke out of Pennant (bullish) and reached $2.75 resistance. Now wait for price to break above $2.75 resistance to resume Uptrend. (set a price alert).
Pattern: Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $1.80, then $1.25. The nearest Resistance Zone is $2.75.
Trade setup: Price broke out of Pennant (bullish) and reached $2.75 resistance. Now wait for price to break above $2.75 resistance to resume Uptrend. (set a price alert).
Pattern: Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $1.80, then $1.25. The nearest Resistance Zone is $2.75.