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TEL

TEL - One final pump possibly forming!HITBTC:TELUSD I've been tracking TEL closely because she's a favorite position of mine, and she's treated me well, considering I got it back in February. I was reviewing my chart last night and realized TEL is still looking really bullish on the daily candle view (MACD is possibly crowning, and the gap between blue and orange lines is still widening). And on the 4-hour candle view, we're seeing that there could very well be another green MACD mountain, as the RSI is showing it's still not overbought yet either. Considering it just repeated basically the same pattern three times since April 30th, I'm applying that same timespan and average growth. We've seen 6 days of calm between pumps, and for this most recent surge, we've just hit that, AND the wedge is about to crown. I personally think she has one more jump in her for this run. What do you all think? * The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
HITBTC:TELUSDLong
by mattdim805
TEL - New Highs Incoming?TEL indicating a potential breakout of ascending triangle and break above linear regression mean after finding support at -2 standard deviation level. *Confirmation of this breakout still needed to increase confidence of a run higher* Analysis: Multiple bullish indicators suggesting high potential for break above linear regression mean to make new highs. My bias is bullish due to the setup of the following. RSI RSI currently sitting at 59 with potential to break above 61 (an area I identify as corresponding with breakouts of resistance levels). ADX/DI Bullish directional index cross completed MACD MACD completed bullish cross. After a short accumulation period in the $126 - $132 range, TEL appears to have broken out of this channel with intentions of making higher highs though confirmation is needed for this move. Confirmation Would like to see a daily close with a bullish impulsive candle breaking above the linear regression mean as well as $136. This movement in price action would likely be supported by RSI moving above 61 into the red zone on my Fib RSI indicator. TEL has a very highly correlated linear regression trend and a move above the mean into this range could be very fruitful, though I have set T1 at approx $153 for a potential profit of 14% on trade. A trade taken from last candle close to T1 utilizing a S/L at $129 (approx 4% below current level) gives a R/R of 3.47 Low risk, good odds. -Spreck
NYSE:TELLong
by spreck
1
Bridge of Khazad-dûm (pt. 2)Checking in on the big elephant in the room. This proposed breakout is backing into its corner nicely. Where 10 days ago the proposed 1234 breakout was sitting at >$11,500USD, now on 3/17 the breakout is down to just under $10,500USD. In the spirit of "St. Patty's Day", I'm sure we'd all love to see a nice green upward trend kicking off, but I wouldn't mind waiting it out to drive that potential breakout price down even further before jumping in. At this pace, the 1234 breakout would be at >$9,500 come 4/01. Patience is the Hunter over here! ....Now back to buying more TEL on KuCoin.com!
BITFINEX:BTCUSDLong
by samuelamr