Having a unique chart is always a positive, as I've mentioned multiple times in the past. Seeing unique patterns/price action/movements, it is great because it tells about the people behind the project and/or its supporters... There is something going on here that is not based only on bot trading.
When you see the exact same chart, it means that most of the trading is done by bots and people can only get in and out of a predefined trend.
TomoChain has been doing great. Straight up; From December '22 through May, an amazing 895% bullish wave.
The correction that followed, small and today we see all the signals that support additional growth. Getting straight to the point, the next jump can lead to 160% from the current price. 67% in the really short-term.
Now, let me show you some of the signals to support the assumptions made above.
First, the MACD: Ultra bullish. It went below zero but it is back above it and printing a bullish cross, just now.
This bullish cross is really potent as the histogram can be seen turning green. Just being above zero is a bullish signal so here we have a mix of these. Multiple signals together work better than one.
The RSI: Zero here would 50. TomoChain daily's RSI is trading above 60, so super strong. The local downtrend has been broken, the orange trendline and this opens the possibility for growth.
That's it for the indicators.
The main support is set at 1.18. - Any trading above this level is super bullish. - Below this level things can change.
You define your own everything... This information is for experienced traders. If you are a beginner, do your research, study long, practice and then play... Or jump in right away. Whatever you do is up to you.
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.