- TRBUSDT brokeout above the double bottom neckline resistance as expected from my previous analysis.
- The market hit a swing high and retraced.
- Price is retesting the double bottom neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this...
This chart looks very nice, looks to be ready to pop out this bottom range - a 5 month area of consolidation
The coin only released very late August 2020, with only a 1,7 million supply
It's another DeFi project that works in decentralised lending, where they work on providing solution for oracles and collarorations with ChainLink.
Technically a very nice chart,...
TRBUSDT has been printing an ascending channel pattern since October.
Price is testing the ascending channel support.
We could see a bounce off the channel support ⬆️ or a breakdown below the channel support ⬇️.
Possible price actions are indicated on the chart.
TRBUSDT is testing the ascending channel support + 0.618 fibonacci retracement level. The market is printing the double bottom reversal pattern. Breakout above the double bottom neckline resistance + pullback resistance could be a bullish signal ⬆️.