Swapusd Rounding Bottom PatternSymbol: SwapUsd
Pattern: Rounding bottom
Neckline: $2
Current price: $1.5
Entry: If price closes > $2 (Breakout above neckline
or enter on retest of neckline as new support)
Measured Move: $2-$3 (up to 50%)
Stop Loss: If price falls back inside rounded bottom
SWAPUSD
Trustswap $SWAP close up mid term targetFundamental reasons:
1. Avalanche network partnership with Trustswap as trusted benchmark crypto incubator on their network. Launching by April 25.
2. last week, Coinmarketcap approach Trustswap to add as a 1# lauchpad category and their launchpad list.
3. They have just spent ton of money for popular crypto youtuber to covering Trustswap in the next 2-4weeks. A lot of coverage on youtube channel. DYOR on their youtube AMA session.
4 by this April, There are 3 farming pools, 2 more flashlauch & 2 more lauchpad. more farming pool=more SWAP will be out from circulation=see what happen to pancakeswap.
5. according to their medium article, "Mint/smartlauch" will be the first easiest smartcontract tooling to create cryptocurrency/token that is fully audited, fully secure anti rug pull, fully transparent tokenomic, easy to use, fully customizable features aka use cases, no coding knowledge required, but $SWAP is absolutely required. well, let we see by April 29
!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.
TRUSTSWAP Swap could be my best crypto launchpad token ?Reason: Interesting updates/target before april
1. BinanceSmartChain integration on staking,, soon will having new liquidity from BSC DeX or binance exchange? btw also being multi chain with Avalanche & Algorand.
2. Launchpad Farming Pools product, do you familiar with pancakeswap?, it will help remove $SWAP from the circulating supply, increasing its scarcity.
3. CreamFinance lending&borrowing $SWAP live. it will help remove $SWAP from the circulating supply, increasing its scarcity.
In General:
Trustswap is a launchpad IDO platform that can give a guarantee allocation with certain amount of $SWAP stake, IMO the most secure & fair IDO system compared to Duckdao polkastater etc. DeFi multiple product on its platform & multiple profitable use cases $SWAP token not just for getting IDO allocation. Good scarce tokenomic (100million supply with 80% already in circulation also 50million locked in staking). Their incoming flagship product is called "Mint". DYOR.
!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.
TrustSwap bullishLet's celebrate that $SWAP is now on @tradingview with a little bit of TA, shall we?
It broke out of the pennant. Currently (hopefully) retesting that same level where it broke out.
First target: $0.8.
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#SWAP #SWAPUSDT
@TrustSwap
