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TRBUSDT.PS trade ideas

TRBUSDT.4HIn my current technical analysis of the TRB/USDT 4-hour chart, I observe some crucial elements that shape my trading decisions. As of the last data point, TRB is trading at approximately $59.34, showing a decline of 2.29% during the current session. The chart shows TRB has been experiencing a general downtrend, with key resistance and support levels providing insights into potential turning points. The immediate support level (S1) is at $50.54, which has historically acted as a rebound point for the price. A breach below this level could lead to a further decline toward the long-term support at $41.46, represented by the low point on the chart. Conversely, resistance levels are identified at $69.91 (R1) and $85.27 (R2). The price recently tested R1 but failed to break through, indicating a strong resistance zone. For a bullish scenario to unfold, TRB would need to sustain above R1, targeting R2 as the next significant hurdle. The Moving Average Convergence Divergence (MACD) is currently in a bearish phase, with the MACD line below the signal line, which corroborates the bearish sentiment observed in the price action. The histogram also reflects increasing bearish momentum, which could suggest that the downtrend may continue unless a crossover occurs. The Relative Strength Index (RSI) is at 43.53, which is near the lower boundary of the neutral zone. This indicates that there is potential for a price recovery if bullish momentum can be rekindled, but it also warns of a possible continuation of the downtrend if the RSI moves into oversold territory. In conclusion, my analysis suggests a cautious approach to TRB at this juncture. While the support at $50.54 provides a potential buying opportunity, the prevailing bearish indicators advise against aggressive long positions unless there is a clear reversal signal. Monitoring the MACD and RSI for signs of reversal will be crucial to adjusting this stance, especially if the price tests and fails to break below S1.
Long
by MarsSignals
TRBUSDT Can TRB Hold the Line, or Is a Deeper Dip Coming?Yello, Paradisers! Are we on the brink of a major move for #TRBUSDT? Let's dive into the analysis. 💎#TRB has faced a sharp rejection at the descending resistance, signaling a potential downturn. The price now looks set to retest the demand level. For TRB to regain bullish momentum and challenge the descending channel, it needs to rebound from the demand zone. The key confirmation here is a breakout above the critical resistance at $82.5. If successful, this could trigger a significant upward movement, with a high probability of reaching our final target at the strong resistance. 💎However, if TRB fails to bounce within the $56.80 - $51.50 demand zone and breaks down further, it could spell trouble. This scenario would likely lead to a retest of the major support at $41.60—a crucial level that needs to hold to prevent a deeper dip. 💎If TRB sustains itself and rebounds from this zone, the price could stabilize. But, if there’s no strong rejection and the price merely moves sideways, the risk of breaking down the major support increases, leading to a potentially deeper decline. Stay focused, patient, and disciplined, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
6
Analysis of TRBUSDT by the Mallicast TeamThe TRB currency pair is considered one of the least risky options in the crypto market, attracting the attention of many traders. Given the characteristics of this currency pair and recent market trends, the current price appears to be an appropriate entry point for a spot trade. Technical and fundamental analyses indicate that TRB is within a favorable price range and could present a low-risk and attractive investment opportunity for traders. The Mallicast analysis team believes that this price movement could reach a level of $81.940. Considering the current market conditions and the high trading volume of this currency pair, reaching this price target is not out of reach. Therefore, traders looking for profitable and relatively safe opportunities might consider entering the TRB market as an effective strategy.
Long
by mallicast
Tellor — Watching You Closely!I know that Tellor left many investors unhappy. After its massive pump of more than 200% at the beginning of May, TRB entered a continuous downtrend channel. Four months later, Tellor has basically retraced the entire pump and is almost back to its crucial support level at $45. The level at 45 USD is extremely crucial since it marks the bear market outbreak. TRB fell below this level at the end of 2021 and basically remained there for almost two years. Once Tellor broke out, it delivered an incredible pump beyond 200 USD. 🧐 What To Watch Tellor is getting closer to the corner formed by the long-term downtrend channel and the 45-level. Accordingly, the probability increases that we will see a massive move—either to the down or to the upside. Currently, it is hard to predict the direction. However, the magnitude will be strong. A drop below the 45-level will trigger immense downward momentum, sending Tellor to the 30-level or even sub-20-level in the worst case. Conversely, a breakout to the top will initiate a massive pump. In this case, 100 should be easily reachable. Therefore, I will keep my feet still and watch TRB very closely, being ready to jump on the breakout at any time!
by ben_walther
Tellor — Short-Term Outlook Remains BearishAfter Tellor's massive pump at the beginning of May, the token remained in a constant downtrend. Up to today, TRB has retraced about two-thirds of its pump. Moreover, there are currently no signs that this trend will end soon. Conversely, Tellor paints a mostly bearish chart. Here are a few highlights (based on the 4H chart; however, the daily doesn't look very different): - The price trades below the Ichimoku cloud, indicating a bearish trend. - The Kijun line is about to cross the Tenkan line below the cloud — this is one of the strongest bearish Ichimoku signals. - The future cloud is massively red, indicating a continuation of the downtrend. If we move away from Ichimoku, things don't get better: - TRB trades way below the EMA200, which further seconds the massive downtrend. - Currently, TRB can't manage to break the resistance at 76 USD — this can be seen as the bare minimum to start an uptrend. - TRB's price is way below the downtrend line that started in May. Summarized, the overall outlook remains bearish. Let's see if the broader market can provide some support and help TRB gain bullish momentum. However, to go for long trades, the chart setup has to change completely.
Short
by ben_walther