🔽TWT-Symmetrical triangle on key levelAfter setting new ATH on September 5th the price has been moving in a symmetrical triangle formation that sits beautifully on the key level (1.14) which is also a node of high volume.
All entries inside of the formation are valid, or even below the formation at local levels (green)
Targets:
1.13
1.39
1.55
1.65
-- then use upper trendline(green dashed) for last target -- then open --
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About TWT:
Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.
Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app.
Trust Wallet Token was initially launched as a BEP-2 asset on Binance Chain, but was relaunched as a BEP-20 token on Binance Smart Chain in October 2020.
Source: coinmarketcap
TWTUSDT trade ideas
TWTUSDT UPDATE Price is accumulating in this large pennant formation on the daily timeframe. i expect the range to tighten and eventually lead to a breakout. SFP which is the tokens biggest competitor saw a 55% pump yesterday. As always waiting for correct entry confirmations on lower timeframes before taking this setup.
TWTUSDT is trying to have a breakout 🚀TWTUSDT is trying to have a breakout for the daily dynamic resistance.
If the price is going to have a breakout, According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
TWT - Bulls Going In!TWT showed multiple bullish corrections and every breakout has been a really strong breakout.
We are now seeing another breakout. Keep in mind that if we break below the ascending black trendline, our bullish outlook is invalidated.
Trade idea:
- Enter on breakout of correction with stops below the major ascending trendline
- Target the previous highs
Trust Wallet TWTUSDT - Secret GEM +1200% + Symmetrical triangle!-Trust Wallet Token - TWT - Rank #245 - Token.
- The chart is printing a huge symmetrical triangle. which is currently breaking out!
- First Impulse Elliott Wave finished succesfully.
- RSI is ready for a breakout to the upside.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
- Profit target is 1.618 FIB - around 17.5 USD!