Tellor — Back in the game for $90⁉️
Predicting Tellor’s price development had a sense of gambling recently.
While my initial bearish scenario had been invalidated by a sudden pump, it seems like $TRB has decided to continue its downtrend.
As a result, I adjusted my view on the chart.
Instead of looking at horizontal support/resistance lines it seems that Tellor is trading in a downtrend channel.
The latest lower high is supporting this idea.
If this plays out, Tellor’s next stop could be (finally) $90.
However, technical indicators aren’t that bearish yet. Only the bearish MACD seconds this analysis.
Let’s see if I’m right this time or if Tellor continues to surprise us.