Long
TNB/BTC Still Bullish! Target @ 0.00001738
TNB is on its 4th Elliott Wave.
Resistance is @ around 0.00001161 (Pink Broken Line). In my opinion, it is a major resistance level , evidence of this is the part of the chart encircled in yellow. It shows that price has a hard time crossing this level in the past. We can expect the price to bounce back and start forming the 5th Elliott Wave at this price levels.
Entry Point: Somewhere in the middle of the 2 Pink Broken Lines. (This is the resistance level )
Target: Around 0.00001738 (This is the 1.272 Fib Line)
Time: Depends if BTC 3.81% does not go down again. But maybe around 3-6 days. Maybe.
Other Indicators - Ichimoku Cloud:
Price is above the Kijun-sen (Blue Line) which is a Bullish Signal, and also price is above the cloud, which is a Bullish Area.
Tenkan-sen (Green Line) crossed and is above the Kijun-sen (Blue Line), this is also a Bullish Signal.
Senkou Span A (Orange Line) crossed and is above the Senkou Span B (Teal Line), this is also a Bullish Signal
Chikou Span starting to move up the cloud, which is a good thing. But not a clear indicator of being Bullish. But this is maybe because we are still on the 4th Elliott Wave .
This is my personal opinion on TNB/BTC -8.46% .
Trade at your own risk! :)
Goodluck!
Resistance is @ around 0.00001161 (Pink Broken Line). In my opinion, it is a major resistance level , evidence of this is the part of the chart encircled in yellow. It shows that price has a hard time crossing this level in the past. We can expect the price to bounce back and start forming the 5th Elliott Wave at this price levels.
Entry Point: Somewhere in the middle of the 2 Pink Broken Lines. (This is the resistance level )
Target: Around 0.00001738 (This is the 1.272 Fib Line)
Time: Depends if BTC 3.81% does not go down again. But maybe around 3-6 days. Maybe.
Other Indicators - Ichimoku Cloud:
Price is above the Kijun-sen (Blue Line) which is a Bullish Signal, and also price is above the cloud, which is a Bullish Area.
Tenkan-sen (Green Line) crossed and is above the Kijun-sen (Blue Line), this is also a Bullish Signal.
Senkou Span A (Orange Line) crossed and is above the Senkou Span B (Teal Line), this is also a Bullish Signal
Chikou Span starting to move up the cloud, which is a good thing. But not a clear indicator of being Bullish. But this is maybe because we are still on the 4th Elliott Wave .
This is my personal opinion on TNB/BTC -8.46% .
Trade at your own risk! :)
Goodluck!
Note
Wave 4 is coming to an end. The chart is about to start going into Wave 5.Another great news, the price did not break the support I indicated on my analysis. Which means that price may bounce up and form Wave 5.
Price Pattern is showing an Ascending Broadening Wedge. This suggests the we can really see a Wave 5 this coming week!
Goodluck! :)
Trade at your own risk! :)
Note
Note
Price movement on this chart ^Shows an Ascending Broadening Wedge. We may have a higher Targets now. Higher than 0.00001738 I previously stated. Problem is, I am not sure how high. My estimate is maybe 0.00002038. Maybe...
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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.