Parabolic Curve Theory idea for $TRBBTC Rounded BottomThis is a personal research and idea for investment. DYOR and TIT...
This is a 3-day chart for Tellor $TRB coin.
Bare in mind this is a huge Rounded Bottom pattern that probably will develop exponentially growing price action as it starts to close. I'm calling it early as consistent with Parabolic Curve Theory (PCT) and am very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action miss some of the PCT base targets making it necessary to revisit this idea.
TIME/PRICE PROJECTION
Pattern start: Aug 31st 2020
Estimated end: 2nd half of June to 1st week of July (66 days from publishing)
Price tag at time of publishing: 236,000 satoshi
Expected price tag at end of pattern: 615K satoshi
Base 1 price level: 184,400 satoshi
Base 2 price level: 266,700 satoshi
Base 3 price level: 333,100 satoshi
Base 4 price level: 399,600 satoshi
Safe take profit range: Recommended trailing take profit at 587,300 satoshi
TECH INDICATORS
Kumo cloud is bullish with senkou span A over B and following below price action. Tenkan over Kijun sen upsloped confirm bullish momentum. Chikou lagging span is upsloped, far away and high which is also a bullish confirmation.
Parabolic SAR beneath price action bullish sign too.
Bearish divergence present on last candle.
NEWS CATALYSTS AND BTC VOLATILITY
At the time of publishing this idea we can see a huge bullish candle (may 4th) which made price action blast through base 1 target, not allowing any ranging, at least for the moment. This is consistent with the listing of the coin on Coinbase Pro, sparking great buying activity.
If we look at BTC price action on the pink line we can clearly see that $TRB hasn't been affected by bitcoins dips, at least not on this time frame.
EXPECTATIONS
I expect at least 2 months of sporadic large and increasing impulse moves to reach every subsequent base.
Ranging is expected below every base, towards the curve but they should decrease as price action moves up.
FINAL NOTE
Drawing may need to be adjusted as it's very complicated to project time on a pattern this size.
TRBBTC
Parabolic Curve idea for $TRB BTC rounded bottom***This is not financial advice. I'm posting this publicly in the hopes of gathering additional insight from other PCT Parabolic Curve Theory knowledged people. It is a personal investigation on PCT to find more precise correlations to other indicators***
For transparency I am invested in $TRB against BTC as I am an active trader.
This is a Daily chart on Tellor $TRB which is shaping a rounded bottom (RB) which has already touched base. It's an RB with an projected total span of approximately 313 days and already 75% in.
Price: currently 111,900 satoshi
Estimated top: 654,000 satoshi
ETA: approx. 84 days from publishing
Profit from actual position: 488%
I'm expecting the 4 bases of PCT to roughly hit around the highlighted yellow fibs marked from .b1 to 4
I'm linking this post to original publishing of my PCT research.
Tech indicators show Kumo cloud reversal, also shaping a clear RB pattern with relative decrease in volume at the base and multiple TK crossovers.
TRBUSDTSorry if I'm a little late for signaling this. I wasn't so sure about it.
Right now it is on the list of the hottest coins of Binance and also has moved 26% up.
As you can see on the chart it's in the mid-air without any near support or resistance so I wouldn't get into a position.
But if you guys are looking for some risk, then open your position with low leverages and wait for the 2 TP areas that I pointed out.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
Tellor TRB: slow mover, when MOON?To be honest, I hate this token. It moves sooooo little as if we were in a bear market.
The most strange part is, TRB is an ORACLE!!! Its counterpart, Chainlink, has done a 400x increase in one year!
But I still have some TRB in my moon bag, bc the chart is bullish.
TRB has formed a double- or triple-bottom, like many other coins that listed in fall 2020. It was under accumulating between 13-39 usdt for several months. A cup-and-handle formation after it revisits 67. We have higher lows in the recent BTC dump. Its BTC pair has a long-term bullish divergence.
Oracle is one of the essential infrastructure of the DeFi and DAO world.
And TRB has a small market cap of just 60 mil. In the same category, we have LINK of 12 bil, and BAND with 300 mil. TRB has potential to do another 10x or more as the ALTs season continues. Not a financial advice, but I will support my prediction with my own money.
Thank you!
TRBUSDT (TELLOR) - UPTREND CONTINUATION ANALYSIS 🔎
- TRBUSDT brokeout above the double bottom neckline resistance as expected from my previous analysis.
- The market hit a swing high and retraced.
- Price is retesting the double bottom neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this retest zone (High buying pressure).
- The retracement is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Conservative entry : breakout above the descending trendline resistance.
- Aggressive entry (risky) : market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- ATH resistance.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
TRBUSDT (TRB) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎
- TRBUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3, R4).
- Downtrend ⬇️: Horizontal support levels (S1, S2).