Hey Binance Fam,
Remember the Tellor (TRB) rocket launch last year? That's right, a staggering 4,444% price surge! While the ride might have been a bit bumpy since then, I'm here to tell you that TRB could be on the verge of another epic journey.
What's Cooking?
We're looking at a classic bullish signal: a bullish lower low. Usually, I spot these based on volume and market trends. But this time, it's the RSI (Relative Strength Index) that's whispering sweet nothings in my ear.
Here's the breakdown:
* Lower Low, Less Fear: TRB hit a new low in December, but the volume wasn't as intense as the previous low in April. This suggests that the selling pressure might be easing up.
* RSI Divergence: While the price made a lower low, the RSI made a higher low! This divergence is a powerful indicator of a potential trend reversal. It's like the market is getting ready to shake off the bearish blues.
The Setup is Perfect:
* Massive Potential: The recent correction has brought TRB to much lower levels compared to the start of its 2023 bull run. This creates a huge opportunity for those who jump in now.
* History Repeats Itself?: If history is any guide, TRB could be primed for another explosive move upwards.
What to Do:
* Keep an Eye on the Charts: Monitor the price action and RSI closely. Once we confirm a breakout, it's time to pounce.
* Set Your Alerts: Don't miss out on the action! Set price alerts on Binance to get notified when TRB starts its ascent.
Remember:
* This is not financial advice, always do your own research.
* Crypto investing involves risks, so invest wisely.
I'll keep you posted on TRB's progress. Buckle up, it could be a wild ride!
Namaste!
P.S. If you're new to crypto, Binance offers a wide range of educational resources to help you learn the ropes. Check them out!