50$ Shitcoin Portfolio - TOMIUSDT #4 coin (out of 10)this is decentralized token with no VC funding.
MC is 9M and has been dumping from a high of 6$.
my high probability play in this series.
TOMIUSD trade ideas
Midterm Spot for TOMI/USD // Swing Long for TOMI/USDIt has now on the low liquidity side of the Price Action as it can be seen based on the previous Price Action when CRYPTO:TOMIUSD first launched. The area now is the last straw/hope for CRYPTO:TOMIUSD based on Price Action to not make a Lower Low furthermore, so its best to buy in this area, or any dip given below this but does not made any new low, will be best opportunity.
Remember it is midterm for spot, so it will not went wild impulsively just in under 3-4 weeks, patience is virtue.
Take Profit area consist of 2 area:
1. 3.7$ - 4.4$, considered as Safe Play, as it still not yet confirmed any trend shift there because it will still be counted as Lower High. Secure some profit if you want at this area
2. By fibonacci and Elliot Wave Classic, the impulse for the 3rd wave which IMO might happen from now on, will be at the area of 11.2$ - 30.1$, at the exact fib. extension of between 1.618 - 4.618. It will be the area from my POV because oftenly any impulse in 3rd wave of Classic Eliot Wave, that's the extension of 3rd impulse wave might end, but it has such vast area, so you might set an area yourself to Take Profit. Nothing is exact here at trading.
TOMIUSD This is the start of a rebound to 6.000TomiNet is having a strong rebound on today's (1d) candle, forming a Rising Support much like the March 14th Low.
If the pattern mimics that fractal, then this could be the start to a very aggressive rise.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 6.000 (Fibonacci 3.0 extension same as the March 24th High).
Tips:
1. When the MACD (1d) forms a Bullish Cross, the buy signal will be confirmed.
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TOMIUSD Pull-back or break-out depending on the candle closing.TomiNet (TOMIUSD) traded exactly as we planned on our analysis last month (see chart below):
The Channel Up since January is still holding, so does the 1D MA50 (blue trend-line) as Support and the price just broke above the 5.5000 Resistance today. In order to call for an upward extension, we need to see a 1D candle closing above it. If it does, we expect a Higher High. If not then a -32% correction (5% less each time) to the 1D MA50, and then long-term buy. In either case, our target will be 8.5000.
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TOMIUSD Buy the pull-back on full displayTomiNet (TOMIUSD) is trading within a Channel Up pattern since the start of February and right now has almost done a Double Top on the Higher Highs trend-line. On the previous two occasions this has resulted in a pull-back marginally below the Channel's middle (dotted trend-line).
As long as the 1D MA50 (blue trend-line) is holding, we will buy the pull-back and target the recent High (Resistance) at 5.50000.
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