Telcoin / TetherLong
TELUSDT 2 Hour Chart
On high time frame (daily chart), TELUSDT formed a descending triangle.
Inside the descending triangle, there are a few pattern identify at the low time frame
The pink dashed line is the resistance level that TEL has to reclaim.
The inverse head & shoulder had played out lead to the breakout of the descending parallel channel. Currently the PA is retest the descending parallel channel.
NFA
Inside the descending triangle, there are a few pattern identify at the low time frame
- Descending parallel channel
- An invalidated ascending triangle
- Inside a descending parallel channel, there is a inverse head & shoulder
- PA dipped into the white rectangle level which I identified as a strong support level.
The pink dashed line is the resistance level that TEL has to reclaim.
The inverse head & shoulder had played out lead to the breakout of the descending parallel channel. Currently the PA is retest the descending parallel channel.
NFA
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.