TRUWORTHS INT (TRU)TRUWORTHS - The current price is now testing the lower trend line within a broadening wedge pattern. Anticipating potential support at the trend line; however, a break below it might signal a significant decline, offering a potential short play.
It's worth noting that in the 50 days leading up to the past six earnings release dates, there has been an average upward movement of over 20% following a period of downward price movement. Considering the current testing of the lower trend line, it could serve as support for another upward trend.
TRU
TRU/USDT bullish horizons from demand? 👀🚀TRU Today Analysis💎 Paradisers, take note of the current dynamics in #TRUUSDT, indicating a setup for a bullish journey from its emerging demand zone.
💎 #TRU has recently undergone a notable pattern, where it swept liquidity above a resistance level before taking a downturn. Currently, having breached the support at $0.04937, we're eyeing a bullish momentum initiating from the lower demand zone at $0.04622. Should the price respect this zone and maintain a strong upward momentum, we anticipate a vigorous bullish move targeting higher resistance levels.
💎 In the constantly evolving landscape of cryptocurrency trading, flexibility and readiness for diverse market scenarios are crucial for #TRU traders. If the asset faces difficulty in sustaining its position at the current demand level, adapting our strategy to anticipate a bullish surge from a deeper support level at $0.04138 might be wise.
💎 Importantly, a descent below this support could signal a need for a strategic pivot, suggesting potential challenges in maintaining a bullish trajectory in the #TRU market.
BINANCE:TRU/USDT - Did you miss this triangle breakout ?------------------------------------------------------------------------------------------
Description
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+ A perfect triangle pattern formed for TRU/USDT
+ Upward breakout of the price confirmed after multiple rejection around the resistance line
+ Overall price is trending bullish and this is a good opportunity to enter a LONG trade.
+ This is a trade with tight stoploss, so be careful.
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Signal
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VectorAlgo Trade Details
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Entry Price: 0.05847
Stop Loss: 0.05615
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Targets 1: 0.05950
Targets 2: 0.06350
Targets 3: 0.06555
Targets 4: 0.06758
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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TRU/USDT bullish ride? 👀 🚀 TRU Today analysis💎 Paradisers, gear up to delve into TRUUSDT as it showcases a captivating trajectory within the demand zone, hinting at a heightened likelihood of an upward trend.
💎 Following its recent breakout from the descending channel trendline, TRU is poised with the potential to approach the supply level at .03760.
💎 The VRVP's diminished volume at this juncture suggests a probable continuation of the bullish trend from the demand zone at .03460, where a surge in volume indicates a potential pivot in momentum.
💎 On the flip side, should the price descend below the demand zone, the scales tip towards increased chances of a bearish shift. Stay attuned to these evolving dynamics!
TRU/USDT 1D. Secondary trend. Local accumulation range.TrueFi/USDT 1D. Local and secondary trends.
In the main trend - downtrend channel was formed. You can check this if move chart to the left in the main idea.
This channel was broken up in winter 2023, when there was local pump on all crypto market.
At that time, price pumped 360% to 0.13$ zone and from the the pullback has started. It formed quite an aggressive downtrend, which has been broken Jun 2023.
After that falling wedge started to form. The support lvl was formed at 0.0323$, while the decline lasts for 232 days as for now, just an interesting point.
Price formed the range with, as already mentioned, support at 0,0323$ and resistance at 0,0392$(14 - which is "balance").
Price has deviated this ranged locally - reaching the minimums of winter 2022-2023 - then turning back to the range. Now, the price is near the resistance zone locally.
During all that secondary downtrend we've seen 2 volume spikes - 1 on Jun 1 2023, other on Aug 21. As for now the price is consolidating in quite a small range of 25%. It has also broken the resistance of the falling wedge locally.
All the details are on chart. If market allows - locally we can reach the middleterm resistance zone, shown on chart. It's 0.0609$ to 0.0777$ zone. Very logical resistance in terms of numbers.
It may happen only if we break and hold above 0.0392$ lvl zone(current range resistance). Everything is with accordance to the market tendency.
Linear chart is for the clarity(no shadows of candles). Percent to the resistance zones are shown.
There has been also the retest of the broken local falling wedge(on chart).
TransUnion Sighting The promised land TransUnion Report Finds More than Half of Consumers Plan to Spend $500+ this Holiday Shopping Season; Shoppers Plan to Increase Spending for Third Consecutive Year.
Nearly a quarter of households with children plan to travel for vacation this holiday season, with cruises and resorts among top destinations.
CHICAGO, Oct. 19, 2023 (GLOBE NEWSWIRE) -- More than half of Americans (51%) plan to spend more than $500 this holiday shopping season, a marked increase from the 36% who planned to do so in 2022. A new TransUnion (NYSE: TRU) report found that three in 10 consumers (29%) plan on spending more on holiday shopping than in the year prior, while only 16% say they will spend less.
Both data points represent the third consecutive year for their respective trends, indicating continuing consumer resiliency. The findings were corroborated by the amounts consumers plan to spend this year, with significant increases in the higher spend brackets. The shift was even more exaggerated in the drop at the lower end of planned spending.
Consumer tolerance for security depends on in-store vs. online
The past year saw several high-profile “smash and grab” attacks on retailers, causing many to place more products inside security cases to prevent organized retail crime. While the majority of consumers (66%) say they haven’t noticed or don’t care that more products are being locked up, one-third of consumers dislike the practice.
In fact, 15% said they won’t wait to have an item unlocked by a store employee; 9% will instead purchase those items online; and another 9% will generally carry a negative view of the store. These findings vary slightly across regions in the U.S., with higher levels of negative feelings in the Northeast and West, which have been more highly affected by theft and organized retail crime.
Consumers are far less ambivalent about online security measures as they protect the consumers as well as the retailers. In fact, 96% of shoppers have a positive or at least neutral view of additional security measures. Six in 10 (59%) say added security makes them more likely to shop with that retailer and 37% say they are willing to spend the time to verify their identity without it affecting their shopping habits.
However, there was one point on which both groups agreed, which is that two-factor authentication is the top choice for online shopping security measures.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 12,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
#TRUUSDT's Potential Uptrend with Fibonacci Play💎Today's spotlight is on #TRUUSDT. The token has recently anchored its support at the $0.030 mark, aligning nearly perfectly with the 78.6% Fibonacci retracement level. Before this stabilization, #TRU sketched out a double bottom pattern. This pattern, followed by a surge past the local resistance, hints at a possible trend reversal.
💎 What does this mean for traders? The scales now seem to tip towards an upward correction. As long as the price stays comfortably above the double bottom region, specifically above the $0.026 trough, we can anticipate a robust upward pullback.
💎 On the resistance front, our eyes are set on another 78.6% Fibonacci retracement level at $0.037. This level intriguingly mirrors the downtrend trendline, making it a key point of interest.
💎 However, a word of caution: The MCP team remains vigilant about today's low, marked by the Fibonacci bounce. A descent below this point might cast shadows on the prospective upward correction.
TRU Breakout Re-test and BUY MOVETRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside.
Reason :
Stock has been consolidating for more than a year.
It has formed a triple Bottom.
Taking Support at Trendline.
Right now, at support Zone.
Verdict :
Bullishness Expected
Plan of action :
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100
$Tru is still Looks beautiful All the Low cap Coin bounce NYSE:TRU is still Looks beautiful All the Low cap Coin bounce TRU has not pumped strongly.
NYSE:TRU gains good following from this region with a lot of potential than I gave 0.0280 0.0307 contradicts support. It will be like that until we break the resistance .0.0363 with high volatility.
Trufi trend breakout looking for a continuationTrufi has experienced a breakout in both the H1 and H4 timeframes, indicating a potential continuation in the retracement towards the highlighted key level. This level is in close proximity to the 61% Fibonacci retracement, which further strengthens its significance. The breakout has been confirmed by a subsequent pullback, adding to the validity of the retracement expectation.
TrueFi get ready for Lift off ?!!👀 TRU Today Analysis💎TrueFi is crafting a falling wedge pattern, hinting at a potential bullish reversal on the horizon.
💎 It's trading within a high demand zone, and the strong demand in this area further bolsters the potential for an upward move.
💎 analyze the falling wedge pattern and the high demand zone collectively, it suggests a bullish outlook for TRUUSDT.
💎 A successful breakout, accompanied by increasing volume, would validate the bullish scenario and potentially lead to further upward price movement.
💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Truworths settings itself for great upside to R69.45Inverse Head and Shoulders has formed with Truworths.
This is definitely not ripe for the picking if we're waiting for this formation to form.
It might even form into something completely different.
But here is my take on it.
The signs are slowly becoming bullish and things are looking good.
7>21
Price<200
RSI>50
Target R69.45
The rand though however needs to find stability and South Africa really needs to clean their act up especially the government. I do have hope. I have faith and I am optimistic. Because SA remains the most beautiful country, with strong possibilities, opportunities and the friendliest people imaginable.
Ok rant over... Luckily we have time for this one to flourish and bloom.
ABOUT THE COMPANY
Truworths International Limited, was founded in 1917 in Cape Town, South Africa.
Truworths operates a portfolio of fashion brands, including Truworths, Identity, Uzzi, LTD, and Earthaddict, catering to different market segments and consumer preferences.
The company primarily focuses on offering clothing, shoes, and accessories for men, women, and children. It covers a wide range of styles, from casual wear to formal attire.
Truworths has a significant presence in South Africa and operates over 700 retail stores across the country. It has also expanded its footprint to other African countries, including Namibia, Botswana, Eswatini, and Zimbabwe.
The company is listed on the Johannesburg Stock Exchange (JSE) and forms part of the JSE Top 40 Index, which comprises the largest publicly traded companies in South Africa.
ABOUT THE NAME
The company was established in 1917 by a partnership between Jack Lewin and his son, Isaac Lewin. Initially, the business was known as "The Alliance Trading Company." However, in 1934, the name was changed to "Trueworths" to better reflect its commitment to providing quality merchandise at affordable prices.
The name "Trueworths" was chosen to convey the idea that customers would find true value and worth in the products offered by the company. The change in name also coincided with a strategic shift in the business, focusing more on clothing and fashion retail rather than general merchandise.
Over time, as the company grew and expanded, the name "Trueworths" evolved to "Truworths," which is the current name of the company. The name change to "Truworths" is believed to have occurred in the 1970s to modernize the brand and align with changing consumer preferences.
TRUI've made the decision to buy some TRUwith a target of 0.6, 0.8, 1.2 and a stop at 0.035. I've split the order into three parts: the first at the current prices, the second at 0.043.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
$TRU/USDT 3h (#Bybit) Descending channel breakoutTrueFi just regained 50MA support and seems about to push higher and recover, short-term.
⚡️⚡️ #TRU/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.7%
Current Price:
0.08935
Entry Zone:
0.08805 - 0.08295
Take-Profit Targets:
1) 0.09990
2) 0.11075
3) 0.12160
Stop Targets:
1) 0.07345
Published By: @Zblaba
$TRU #TRUUSDT #TrueFi #DeFi #TrustToken
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +50.5% | +88.6% | +126.7%
Possible Loss= -42.3%
Estimated Gaintime= 1-2 weeks
TRU CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TRU symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Nibbled into Altcoins, AVAX, MLN, ADA, SPEEL & more1st few days of March we made it CLEAR something was amiss. We pointed out that $BTC had broken it's uptrend & intraday there were irregularities.
We couldn't pinpoint what it was. Only that something was not right.
We raised a ton of cash & have been nibbling here & there but nothing major. Unloaded more few days later.
Here's small list of #crypto #altcoins with good buy volume vs sell, TODAY, & have REVERSALS.
$AVAX
$MLN
$MANA
$TRU
$SPELL
$SHIB
$INJ
$JASMY
$BCH
To name a few