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TWTUSDT trade ideas

TWT/USDT - Trust Wallet Token: Triangle & Wedge◳◱ On the $TWT/ CRYPTOCAP:USDT chart, the Triangle & Wedge pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 1.1607 | 1.2045 | 1.3036 and support near 1.0616 | 1.0063 | 0.9072. Entering trades at 1.1882 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Trust Wallet Token ▣ Rank: 129 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc, Hitbtc ▣ Category/Sector: Financial - Payment Platforms ▣ Overview: The Trust Wallet mobile app is a multi-currency crypto wallet that gives users access to a wide range of digital assets, and has a built-in DEX (for android users). Trust Wallet joined the Binance ecosystem in 2018 and is now the official crypto wallet of Binance Smart Chain (BSC). Trust Wallet Token (TWT) is a utility and governance token, native to the Trust Wallet and available on both the BEP-2 (Binance Chain) and BEP-20 (Binance Smart Chain) standards. Trust Wallet’s core modules are open-source and available for any developer to build on. The digital wallet mobile app has fiat on-boarding, allowing users to purchase crypto with credit cards. Trust Wallet has integrated with other DEXs such as Pancake Swap, Uniswap or Binance DEX so that users can buy, hold, and exchange their crypto-assets using a single interface. Trust Wallet supports buying, exchanging, and staking 160,000 crypto assets on 40 blockchains. The project’s overarching goal is to become the interface to all crypto by making it easier for users to access crypto services like dapps. ◰◲ Technical Metrics : ▣ Mrkt Price: 1.1882 ₮ ▣ 24HVol: 3,428,375.626 ₮ ▣ 24H Chng: 4.402% ▣ 7-Days Chng: 5.31% ▣ 1-Month Chng: 1.97% ▣ 3-Months Chng: -12.13% ◲◰ Pivot Points - Levels : ◥ Resistance: 1.1607 | 1.2045 | 1.3036 ◢ Support: 1.0616 | 1.0063 | 0.9072 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.10 ▣ Last 90D: -0.77 ▣ Last 1-Y: 0.01 ▣ Last 3-Y: 0.72 ◲◰ Volatility : ▣ Last 30D: 0.44 ▣ Last 90D: 0.65 ▣ Last 1-Y: 0.71 ▣ Last 3-Y: 1.17 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.62 - Bullish ▣ Reddit sentiment score is 0.77 - V. Bullish ▣ In-depth TWTUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
✴️ Trust Wallet Bullish & Its Partial Relation To BitcoinTrust Wallet Token has gone bullish on the weekly timeframe, which signals that a bullish wave is upon us. The pair already produced a long-term bottom pattern in 2023 followed by a bullish breakout. ➖ Currently, TWTUSDT is trading above EMA10/21, EMA50 and EMA100. ➖ The RSI sits at 55 and bull volume is predominant. All these signals are clearly bullish. Now let's consider Trust Wallet Token relation to Bitcoin. This pair moves partially inverse to Bitcoin. ➖ For example, between June and November 2022 TWTUSDT produced a very strong bullish wave. In this same period Bitcoin produced a multi-year low and the 2022 bear market bottom. ➖ From December 2022 through June 2023 TWTUSDT produced a strong bearish wave, at this time Bitcoin was growing nicely. ➖ Even recently the inverse relation continues to happen... TWTUSDT peaked early November 2022 and hit a low January 2024, a small retrace. At this same time Bitcoin produced one final leg up. Now we are seeing TWTUSDT full-green on the weekly timeframe and Bitcoin as well but facing resistance... If the inverse relation pattern repeats, TWTUSDT will move up while Bitcoin moves down. Apart from this relation, Trust Wallet Token looks strongly bullish. Additional confirmation comes when the weekly session closes in 14 hours. Closing at 1.1981 or higher would send out a strong bullish signal for this pair. You can find the targets on the chart. Thank you for reading. Namaste.
Long
by AlanSantana
5
#TWTUSDT (Watchlist) 2-2024TWTUSDT is the trading pair for Trust Wallet Token (TWT) and Tether (USDT) stablecoin on cryptocurrency exchanges. TWT is the utility token for the Trust Wallet, a popular cryptocurrency wallet application. Current Price: $1.1943 (as of February 9, 2024) Market cap: ~$1.17 billion (TWT token, not applicable for trading pairs) Recent News: TWT is experiencing a price rally, increasing over 6% in the past week. Some technical analysis suggests the potential for further upward momentum. Trust Wallet continues to expand its features and user base. Key Features of TWT: Discounts on trading fees within the Trust Wallet app. Ability to participate in governance decisions for the app. Access to exclusive features and benefits within the Trust Wallet ecosystem. Earlier TA AUG 2023 Consider for Watchlist: When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges. PS: We avoid trading coins associated with gambling, prostitution, human trafficking, etc. Note: This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks. Best wishes to all, we ask Allah reconcile and repay. 🙏
Long
by HamadaMark
2 Month lay off! WE ARE BACKGoodmorning guys after a 2 month lay off with dealing with 'life' things.. we are officialy back. In some ways i feel that it was very much needed to clear the mind of being so obssessed with crypto trading but im at a point now where its just what i love to do in my spare time. SO! each morning i will be up analysising the charts with you guys and occasionally of an evening. i will be starting a new segment that will give more information and more technical analysis on the chart. So welcome! happy 2024! This year we all get money. Lets go! thanks guys.
Long
by fusfamily
TWT/USDT Primed for a Bullish Surge from Support Zone? 👀🚀TWT 💎 Paradisers, it's time to get ready for a promising opportunity with TWTUSDT, as it's showing signs of a potential bullish movement from the support zone. 💎 Our analysis has shown that #TrustWalletToken has consistently honored its support level on three occasions. Currently, there's a chance it might adhere to this level once again, initiating an upward trajectory. Despite the prevailing sell-side sentiment that could lead to a sudden drop and breach of demand, there remains a high probability for a bullish turnaround from beneath the support. 💎 Taking a closer look at this support level reveals its significance as a point of interest. Historical data indicates that when the price reaches this juncture, it often results in a strong, green candle, signifying robust liquidity at this level for #TWT. This pattern suggests that the price is likely to revisit this level. Should it break below this point, we could witness a significant bearish downturn.
Long
by MyCryptoParadise
4
Long Opportunity on TWT - Technical Analysis Breakdown Hello traders! 👋 Let's dive into a technical analysis of Trust Wallet Token (TWT). Chart Analysis: TWT 14 October 2023, reclaimed a crucial 1-week level at $1.0342 (green line). This led to an impressive impulsive move, reaching highs of $1.70 to $1.80, creating liquidity and notable inefficiency in the market. Despite a subsequent retracement, the price action has been respecting a yellow diagonal uptrend line. A small bull flag pattern has formed, with the price breaking above. Currently, we are trading above the previous resistance zone marked by the violet box. Trade Opportunity: I believe it's a favorable moment to consider a long position, given the bullish indications. The risk-reward ratio for this trade is 1:5, indicating a potentially lucrative setup. However, it's crucial to remain vigilant and consider switching to a short position if a daily candle closes below the yellow diagonal, with confirmation below the trendline. Conclusion: In summary, TWT presents a compelling long opportunity, but traders should closely monitor the yellow diagonal trendline for potential shifts in market sentiment. As always, remember to manage risk appropriately and stay updated with real-time market developments. Disclaimer: This is not financial advice. Always conduct your research and consider your risk tolerance before making trading decisions.
Long
by Trading_Paradise
TWT → Will the Price Climb to $1.50 or Drop to $1? Let's Answer.TWT (Trust Wallet Token) has been in an expanding and ascending channel since late November and has given us a higher high and higher low. Should we long here? How do we trade this? 🤔 We don't trade an unclear chart, this one is no exception! We have a higher high and higher low, but the high of the higher high has a large wick on it. This is *not* a signal of strength and neither is the fact that we're just above the Daily 30EMA without a strong bounce. Our bias should remain long because the crypto market is currently in a bull trend, however, it's also at a pivotal moment where there is a real possibility of a reversal. Unless we get a strong signal here at the 30EMA, I wouldn't trade this in either direction. Even if the price action falls below the 30EMA, we have too many levels of support before a short is reasonable. 💡 Trade Idea 💡 Long Entry: $1.25 🟥 Stop Loss: $1.09 ✅ Take Profit: $1.41 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Higher High and Higher Low after Bear Capitulation Bar. Bias to Long. 2. Weak bull candle on December 26th, Reduces Bull Probability. 3. Crypto Market at Pivotal Moment, Consider Reversal Possibility. 4. Above 30EMA, need close below to justify Short, Support to Long. 5. RSI at 55.00 and above Moving Average. Supports Long Bias. 💰 Trading Tip 💰 If your analysis renders conflicting signals, trade small or don't trade at all. Wait for the market to give you a signal and data toward a premise, then size your position and manage your trade accordingly. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
TWT → A Massive Long Opportunity! Let's Max Your Profits.Trust Wallet Token is currently attempting to break its bear channel resistance after a nice Head and Shoulders reversal pattern! My last analysis only got us a 1:1 Risk Reward on a short before the right shoulder began to show itself. Now we should be looking for long entries. How do we trade this? We have a descending bear channel arcing to the upside after a strong bull run, a head and shoulders reversal pattern, bear capitulation candle (end of trend signal), RSI above the Moving average, what more can a bull want!? Specifically, another small pullback and for the RSI to come down a bit. The price is currently at resistance and has printed two 4HR doji (trading range, "indecision") candles prior to this one, not a sign of bull strength. I would wait for a small pullback to the EMAs and look for a strong bull signal and confirmation bar to long. Preferably, wait for a break of resistance and a test to confirm support, then place a protective stop below the 30EMA and 200EMA. Your profit target could be many, I would personally take half profits at 1:1 Risk/Reward ($1.36), move your stop loss up to your entry, and then swing the rest until you get a reversal signal. The crypto market has been burning hot for the bulls, but always be on the lookout for a reversal signal! Trade Idea Long Entry : $1.25 Stop Loss: $1.14 Take Profit: $1.69 Risk/Reward Ratio: 1:4 Key Takeaways 1. Head and Shoulders Reversal Pattern, Bias to Long. 2. Capitulation Bear Candle, End of Trend Signal. 3. At Channel Resistance, wait for pullback to EMA Ribbons. 4. Look for Strong Bull Signal and Confirmation Candle to Long. 5. RSI at 67.00, Supports Waiting for a Pullback. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
4
#TWTUSDT (Watchlist) 8-2023TWT is a utility token that is used to power the Trust Wallet mobile app. Trust Wallet is a non-custodial wallet that allows users to store, send, receive, and exchange cryptocurrencies. Project: Trust Wallet was founded in 2017 by Viktor Radchenko. The project's goal is to make cryptocurrency accessible to everyone. Trust Wallet is available on Android and iOS devices and supports over 40 different blockchains. Coin info summary: Name: Trust Wallet Token Symbol: TWT Price: $0.941895 USD (as of 2023-08-15) Market capitalization: $392,421,817 USD Total supply: 420,000,000 TWT Circulating supply: 420,000,000 TWT Category: TWT is a utility token, which means that it has a specific use case within the Trust Wallet ecosystem. It can be used to pay for transaction fees on the Trust Wallet network, to get discounts on in-app purchases, and to participate in governance votes. Latest news: Trust Wallet announced a partnership with the Binance Smart Chain in June 2023. This partnership will allow Trust Wallet users to access a wider range of cryptocurrencies and decentralized applications. Trust Wallet also announced the launch of its own NFT marketplace in June 2023. This marketplace will allow users to buy, sell, and trade NFTs on the Trust Wallet network. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
by HamadaMark
4
TWT Beginning to Reverse? Maximum profits can be yours!TWT has been in a descending channel since November 7th, a classic burn-off pattern after a strong bull capitulation to $1.82. The downward pressure appears to be waning and we may be getting ready for a reversal. How do we trade this? The trend is always king when making trading decisions, meaning it should be the strongest data point in your analysis. However your analysis should *never* end there, you want as few data points to consider as possible without excluding what's important. A balancing act that takes time to cultivate and perfect. We're in a downward trend (bias to short), we're below the 30EMA and 200EMAs (bias to short), we had what appears to be a bear capitulation candle (bias to long), RSI is below the Moving Average at 46.00 (indecisive, but could aid the bias to short). The conclusion? Short-term bias to short, but watch out for a double bottom reversal after that bear capitulation. Shorting to just above the previous low around $1.05 is reasonable *if* we see a strong bear signal bar closing on or near its low. Protective stop should be placed just above the 30EMA and 200EMA. Take profit at $1.05 or if we get a bull reversal signal prior, and watch for long confirmations. Key Points 1. Descending Channel, Bias to Short. 2. Capitulation Bear Candle, Could be the End of the Downside Movement. 3. Look for double bottom to Long. 4. Short to previous Low. 5. RSI at 46.00, below Moving Average. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Short
by TraderEngineering
TWT/USDT Possibility Bounce and Continue the upward Movement ??💎 TWT has undeniably attracted significant attention in the market. Currently, TWT is in the process of retesting the demand area at $1.15 - $1.05, which precedes the supply area. The previous breakout from the supply area was noteworthy, marked by substantial volume and a robust green candle. 💎 In the event of a successful retesting phase in the demand area, there is a likelihood that TWT's price will bounce, probability of resuming its upward trajectory and reaching our target in the supply area. 💎 The unfavorable scenario materializes if, during the retesting phase at the demand zone of $1.15 - $1.05, TWT struggles to maintain its position and experiences a breakdown. In such a case, TWT may revert to a bearish movement, potentially retracing to the strong support area.
by MyCryptoParadise
1