фото показано с : invezz.com
2021-10-14 20:39 |
Telcoin (TEL/USD) has surged by almost 30% since Wednesday. It has finally given a long-awaited breakout, so is it time to buy Telcoin? Let’s take a look at the charts to get a better idea.
Telcoin had formed a symmetrical triangle and consolidated within the triangle for over five months.On Thursday, Telcoin broke out of the trendline and was over 20% up during the day.It also gave some great volumes on Thursday which is suggesting that this is a very strong breakout.There is a supply zone at $0.0248 and this could be a point of reversal for Telcoin and it could test the trendline on Friday.A long entry can be taken once a retest is seen as it will avoid investors getting trapped in a false breakout.The first target can be set at $0.033, followed by $0.0397 and then eventually a new all-time high.Let’s take a closer look at the weekly chart:
Telcoin has formed a head and shoulders pattern on Thursday and is expected to test the trendline now aver taking rejection from the supply zone of $0.0249.On Thursday Telcoin has also formed a bearish divergence which is suggesting a reversal.A long entry can be taken when Telcoin retests the trendline at $0.0205. ConclusionTelcoin has given a very strong breakout and is looking very promising and should be achieving new highs very soon. Nevertheless, investors should wait for a retest of the trendline in order to avoid being caught in a false breakout.A retest will be coming very soon with signs of reversal on Thursday.
The post Is it too late to buy Telcoin on Thursday? appeared first on Invezz.
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Telcoin (TEL) на Currencies.ru
$ 0 (+0.00% )
Объем 24H $0
Изменеия 24h: 0.00 % , 7d: 0.00 %
Cегодня L: $0 - H: $0.0023705
Капитализация $0 Rank 99999
Цена в час новости $ 0.0001622 (-100% )
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