Support lost on the daily chart -> Bounced when trying to get back into the channel on the 4h chart -> 90 incoming.
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Ben Walther
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$TRB Update — Support Broken — $90 Incoming?
As discussed in the last posts, #Tellor was struggling to hold above the its major support line.
Although the market is #bullish today, Tellor lost the support on the 1H and 4H chart. On top of that, bearish trade signals like a bearish MACD crossover are popping up too.
It looks like short-term investors are taking money out of $TRB and transferring it to other tokens — especially since Tellor already pumped massively and they don't see additional short term potential.
When putting it all together: ➡️ Local double top ➡️ Lost major support ➡️ Investors transferring money to other tokens ➡️ Bearish trade signal
...it becomes more and more likely that we will see a drop to $90 soon.
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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