Long
TNB/BTC Still Bullish! Target @ 0.00001738
TNB is on its 4th Elliott Wave.
Resistance is @ around 0.00001161 (Pink Broken Line). In my opinion, it is a major resistance level , evidence of this is the part of the chart encircled in yellow. It shows that price has a hard time crossing this level in the past. We can expect the price to bounce back and start forming the 5th Elliott Wave at this price levels.
Entry Point: Somewhere in the middle of the 2 Pink Broken Lines. (This is the resistance level )
Target: Around 0.00001738 (This is the 1.272 Fib Line)
Time: Depends if BTC 3.81% does not go down again. But maybe around 3-6 days. Maybe.
Other Indicators - Ichimoku Cloud:
Price is above the Kijun-sen (Blue Line) which is a Bullish Signal, and also price is above the cloud, which is a Bullish Area.
Tenkan-sen (Green Line) crossed and is above the Kijun-sen (Blue Line), this is also a Bullish Signal.
Senkou Span A (Orange Line) crossed and is above the Senkou Span B (Teal Line), this is also a Bullish Signal
Chikou Span starting to move up the cloud, which is a good thing. But not a clear indicator of being Bullish. But this is maybe because we are still on the 4th Elliott Wave .
This is my personal opinion on TNB/BTC -8.46% .
Trade at your own risk! :)
Goodluck!
Resistance is @ around 0.00001161 (Pink Broken Line). In my opinion, it is a major resistance level , evidence of this is the part of the chart encircled in yellow. It shows that price has a hard time crossing this level in the past. We can expect the price to bounce back and start forming the 5th Elliott Wave at this price levels.
Entry Point: Somewhere in the middle of the 2 Pink Broken Lines. (This is the resistance level )
Target: Around 0.00001738 (This is the 1.272 Fib Line)
Time: Depends if BTC 3.81% does not go down again. But maybe around 3-6 days. Maybe.
Other Indicators - Ichimoku Cloud:
Price is above the Kijun-sen (Blue Line) which is a Bullish Signal, and also price is above the cloud, which is a Bullish Area.
Tenkan-sen (Green Line) crossed and is above the Kijun-sen (Blue Line), this is also a Bullish Signal.
Senkou Span A (Orange Line) crossed and is above the Senkou Span B (Teal Line), this is also a Bullish Signal
Chikou Span starting to move up the cloud, which is a good thing. But not a clear indicator of being Bullish. But this is maybe because we are still on the 4th Elliott Wave .
This is my personal opinion on TNB/BTC -8.46% .
Trade at your own risk! :)
Goodluck!
Nota
Wave 4 is coming to an end. The chart is about to start going into Wave 5.Another great news, the price did not break the support I indicated on my analysis. Which means that price may bounce up and form Wave 5.
Price Pattern is showing an Ascending Broadening Wedge. This suggests the we can really see a Wave 5 this coming week!
Goodluck! :)
Trade at your own risk! :)
Nota
Nota
Price movement on this chart ^Shows an Ascending Broadening Wedge. We may have a higher Targets now. Higher than 0.00001738 I previously stated. Problem is, I am not sure how high. My estimate is maybe 0.00002038. Maybe...
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.