TLM - Ready to break major Resistance zone
TLM is one of the coin who has not seen much growth yet since its listing relative to other coins and it is still 58.09% low than its All time High (Considering the one on 2 May, since the ATH made on the day of listing was a phantom wick)
It has been strengthening its structure for quite sometime and has formed a Cup and Handle pattern on 1Day time frame. The handle formed in 1 Day chart is also forming a mini cup and handle itself which can be seen in 4 hour chart a follows:
There is a strong possibility that we will be witnessing a good pump in TLM in upcoming days since BTC Dominance is also expected to go down. Although rejection from the resistance due to any downward movement of Bitcoin will invalidate the setup.
It has been strengthening its structure for quite sometime and has formed a Cup and Handle pattern on 1Day time frame. The handle formed in 1 Day chart is also forming a mini cup and handle itself which can be seen in 4 hour chart a follows:
There is a strong possibility that we will be witnessing a good pump in TLM in upcoming days since BTC Dominance is also expected to go down. Although rejection from the resistance due to any downward movement of Bitcoin will invalidate the setup.
ความคิดเห็น:
Also the 4hour cup and handle has already broken upward as shown below which was mentioned above in comments.
ความคิดเห็น:
TLM is still doing fake-outs to shake the weak hands. Funding rate is insanely high for TLM so it is not gonna go straight up. Will take sometime, but I am positive that it will go up eventually.
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I personally took entry at around trendline support which can be seen in picture below. If candle closes above resistance, i will pe putting SL below 0.38 while targets will be the mentioned fib levels.