Telcoin Technical and Fundamental Analysis November 4th

Telcoin Analysis

Fundamentals

• Telcoin is a decentralized financial technology platform focused on blockchain-powered mobile financial services.
  
• It has added 82 new cryptocurrencies to its platform, bringing the total number of DeFi assets to 110.
  
• The Telcoin App enables users to store, send, and trade these cryptocurrencies, especially those native to the Polygon Network, offering faster and more affordable transactions.
  

User Experience Improvements:

• Version 3.7 of the Telcoin App introduces a fresh UI/UX with Market View, providing live price updates for all digital assets.
  
• The app also includes a new bottom navigation bar for easy access to Wallet, Trade, Market View, and Account screens.
  
• Users can easily deposit tokens from external accounts into their Telcoin App using a personal wallet address and Deposit QR code.
  

Geographic Expansion:

• Telcoin users in the United States can deposit USDC with a debit card, with plans for bank deposits and withdrawals.
  
• European users in several countries can also deposit USDC into the app and withdraw Euros via SEPA transfer, with plans to expand further in the European Union.
  

Regulatory Compliance:

• Telcoin emphasizes DeFi, an assisted self-custody model, and compliance in the markets it operates in.
  
• It has taken steps to support state-chartered banks in creating digital asset depository institutions.
  

Recent Price Activity:

• Telcoin (TEL) has experienced significant price movements, including a 44.12% increase against the US Dollar in a single day.
  
• TEL's trading volume surged, with most trading occurring on KuCoin's TEL/USDT pair.
  

Sentiment

• Bitcoin Fear and Greed: 65 Greed
  
• The Telfam community on X is active and highly engaged.
  
• The Telcoin community anticipates further bullish price activity.
  

Technicals

• Telcoin has broken out above the downward channel that started in May 2021
  
• MACD is bullish on longer time frames.
  
• Broke through the long-term support of 0.0015, which was the same breakout zone in the last bull run of 2021
  

Monthly Chart

• The first green MACD Histogram bar since December 2021 shows a considerable reversal to the upside.
  
• MACD Bullish Cross happened at the close of last month's candle
  
• Monthly volume decreased, showing a turnaround as the volume was sell pressure.
  
• RSI is at 40, which shows TEL at these prices is unvalued in the long term.
  
• OBV has a long way to go upwards. But we’re seeing positive signs of an increase in volume. This is the real opportunity because everyone else hasn’t jumped into it yet.
  

Daily Chart

• MACD is Bullish 21 days in a row now.
  
• 50 MA and 200 MA heading towards a golden cross.
  
• Daily volume increasing.
  
• Continuation patterns appear in candlestick patterns.
  
• The last 4 daily candles prove to be a bull flag.
  
• RSI is in overbought territory at 75, which shows bullishness when balanced with all of the other factors.
  
• OBV volume is picking up significantly on the daily. Showing recent interest increasing
  

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Support Levels

• $0.0009
  
• $0.0015
  

Resistance Levels on the way to ATH

• $0.0029
  
• $0.005
  
• $0.009
  
• $0.014
  
• $0.017
  
• $0.033
  
• $0.065