Telcoin
+1100% TEL Descending Wedge Breakout Within Next 2 Weeks?History
KUCOIN:TELUSDT is 15 days away from pinching between the bottom and top resistance that formed on March 7, 2021, which occurred just two breakouts ago. The most recent breakout took 14 days to complete and resulted in a +1,077% gain.
Potential
If history repeats itself for a 3rd time in a row, we'd be looking at a +1,105% gain by October 10th, if TEL were to break out today.
Supportive Observations
Price action is within a descending wedge and has been knocking on the upper trendline, which is bullish.
RSI is at 42, which is the level it's been at immediately prior to numerous other breakouts.
The blue MACD line is curling up towards the signal line, and the red histogram bars are decreasing in volume, which is bullish.
Volume has been descending below the MA.
Waiting for a breakthrough and retest of the top trendline for support would be the safest time to secure a position.
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Jokes on you if you sold your $Tel!Just a quick snapshot of where we are currently at with Telcoin.
$Tel is moving within a nice ascending channel which is bullish , RSI is in on an ascending trend as well.
The bright green line within the ascending channel is what believe the next moves for telcoin will be, (keep in mind this is a prediction based on the VPVR indicator & resistance levels).
Patience will pay off! When $tel gets going I believe it will knock down those resistance levels & surpass the ATH with ease!
We are still heading upward which is most important, I think this is the best time to get into $telcoin.
If you don't know what Telcoin is …. you will soon find out!
Telcoin Price Chart The daily chart shows that in late July, the Telcoin broke above a descending trend line at $0.2240 on its way to $0.0298. However, the trend breakout failed to attract follow-through buying, and as a result, TEL is retesting the trend, now at $0.0198.
Currently, the trend support is holding up, and TEL has managed to bounce 14% to $0.0238. The tightly grouped 50 and 100-day moving averages sit just above the trend line, reinforcing the robust support. Therefore, this is a significant level and should the price continue to maintain above the trend, it’s likely to head higher, and in this event, a move towards the June high of $0.0385 looks probable.
However, the bullish view relies on trend support. And on that basis, if the price falls below $0.0198, it will invalidate the thesis.
Feel free and get in touch for more updates, signals and trade alerts
Bitcoin to end of year prediction & important points..Bitcoin to end of year prediction & important points.. A perfectly lined up ascending triangle, that was freshly formed on the daily. I see the lowest we go is 46k area being the worst, as long as we can close daily's above 46800, I'm overall bullish until we start closing below 46800.
TEL not ready for a Sell-off yet We've been in a strong pullback which we are nearing the 50 EMA which I do believe we will bounce off & continue moving in the Uptrend. If we do we will see a slight pullback then a nice spike heading into the weekend.
If we do fall below the 50 EMA we may retest the previous resistance at .020 then see a Consolidation phase unfold heading into the weekend.
$Tel to a dollar ????
The best case scenario for $Tel when charting it within Andrews' Pitchfork Model is that $Tel would up in that blue upper channel and ends up in the price range of $2, which imo is unlikely.
The worse case scenario for $tel, is that the price action ends up in the blue lower channel ( which is unlikely imo as well), and $tel is sitting around $.20 - $.40 cents
What is more than likely to happen by the end of the year DEC31 is that $Tel ends up in the median green channel, tbh $Tel could end up in either green channel (bottom or top).
This would mean $Tel by the eoy could sit around a price range of $.60 - $1.40
With such a large community, large volume, good looking chart and the power of FOMO, $Tel is bound to make a run.
If you missed XRP train, this is the one you wouldn't want to miss.
TELCOIN IS BACK !TELUSD closed out week STRONG . This new weekly candle shall be great!
What a week do we have ahead on the crypto market. BITCOIN FINALLY at $50k.
If you didn't buy the dip... what a hell of an opportunity you let pass by. Remember that when everybody is freaking out and there is fear and blood on the streets, that's when you buy.
Hope you all enjoy your rest of the week. Stay safe out there.
TEL to .017 or .20 early FridayWe've got 2 scenarios that we may see play out, we may hit this resistance fall below to the .018 resistance fall below it with a retest then continue down too .017
If we hit this resistance & test .018 followed by a Touch & Go we may he headed too .02 early Friday morning. Appears we may be creating a Cup & Handle which would be great for the weekend.
Telcoin (TEL) formed big Gartley for upto 280% huge moveHi dear friends, hope you are well and welcome to the new update on Telcoin (TEL) token.
On a weekly chart, the priceline of TEL has formed bullish Gartley pattern. The price action accumulated above 25 simple moving average and now likely to move up from here.
Buy and sell targets:
Buy between: $0.02492 to $0.01403
Sell between: $0.03350 to $0.05409
Stop loss:
The maximum extent of buying zone to $0.014 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a small profit possibility of up to 280%, and a huge loss possibility is 44%, however, in order to minimize the loss ratio we can use 25 SMA as stop loss.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
TEL looking for a breakoutAs you take a look at the RSI it indicates we broke through the top of this Bearish downtrend & set for a retest phase.
Next we need to pay attention to the retest, if we're able to retest the wedge then continue this uptrend & look for a bullish trend to establish itself. Or if we will fall below the wedge & look for our resistance at .019, if we do break that we may be in a consolidation phase in through mid Monday.
TEL prepping for a UptrendI've gone ahead & broken down the phases we've passed through, starting from the left we were in a nice Uptrend consolidation which led to a oversold situation that formed into a Inverted Head & Shoulders.
Following the H&S we say a Bullish Elliott's Wave into a triple top in which we've been in the sell off-phase. As you see we are approaching the 200 EMA also the Oversold Indicator on the RSI chart. This why why I believe we will continue to see an uptrend play out as we move into Friday morning.