Is Tellor (TRB) about to 25x until $1500 ??

25 nov 2024

On the above 3 day chart price action has corrected 90% from $600 since December 2023. A number of reasons now exist to be long. They include:

1) Price action and RSI resistance breakouts.

2) Trend reversal in both price action and RSI.

3) Dragonfly DOJI print on past resistance confirming support.

4) The Bull flag. The bull flag confirmation forecasts a 2nd impulsive move to the $1500 area by Spring of 2025.

Is it possible price action corrects further? Sure, retail traders like nothing more than capitulation after a 90% correction.

Is it probable? No.

Ww


Type: trade
Risk: you decide
Timeframe for long: Within this month.
Return: 2500%

3 dic 2024

Trade attivo

GRM support confirmed.
Buyers bought every dip to the Golden ratio on each occasion it was tested over the last several days.