This is textbook beautiful for consolidation after a breakout. I love TEL.
Ascending Triangle Invalidated Symmetrical Triangle still Valid Holding Strong around the Mid Term Upper Channel. Waiting on more news. Tel needs time to breathe. It's an incredible long-term hold, but may still consolidate a little longer, depending on announcements.
Support testing is ongoing. I think this could play out very well if the support holds it.
It should either bounce off of 0.0069 and go to 0.0075 Or drop down to fib retracement level at $0.0062 DISCOUNT!! $$$$ If this is making you worried, you don't know what you hold. BOOMS ARE COMING. BE PATIENT.
I've added the Fib retracement inside my long term trend. We can see that it is holding strong. There are small short term down trends where new buyers are panic selling. The centre line in the channel acts as an RSI. Falling Wedge Pattern should still be in play.
It looks like we're about 7 hours away from Telcoin based on the channel and resistances. This assumes that Bitcoin continues its momentum. if not in 7 hours it's likely to be in the next 24 hours.
One of my new favourites is TEL I arrived late to the party, only finding out about it within the last two months. Thankfully, I was able to get in just in time. Already at 100% profit in my hold portfolio. Swing Trade is consolidating nicely. These are my two exits Exit 1: $0.0068 (50% of my swing trade bag) Exit 2: $0.0098 (100% of remaining trade bag)
there are good pieces of news about Telcoin! she once touched the 0.0044$ price level and the price experienced a proper correction. now $TEL can head back to 0.44 and if she breaks out, more options are on the table. targets are defined by fib retracement and resistance zones. *If it was useful for you, I'll appreciate your support by sharing my content. Have good trades