Chart Analysis: TRB/USDT



1. Target and Prices


• Goals:


• First major resistance: USD 132.82 (a major resistance zone).


• Medium term target: 231.27 USD (main target achievable after exiting the formation).


• Supports:


• Main support: 66.96 USD.


• Secondary support: 49.37 USD.



2. Support and Resistance Levels


• Main Support Levels:


• 66.96 USD: The lower limit of the formation and strong support point.


• 49.37 USD: A critical support level that could support a reversal of the trend.


• Main Resistance Levels:


• 132.82 USD: Important resistance zone consistent with past peaks.


• 231.27 USD: Resistance that will be tested in the long term with the upward break of the formation.



3. Indicators


• Moving Averages (MA):


• Short-term (50-day): Trending positively and providing support from below the price.


• Long-term (200-day): The price is below, which supports a bull market in the medium term.


• RSI:


• Close to neutral zone; potential to break out into overbought zone.


• MACD:


• In positive territory, it produces a buy signal.



4. Formations and Formation Reversals


• Formation: Symmetrical triangle formation is seen.


• This formation generally represents a compression before a major breakout.


• The upward breakout seems to be complete.


• Targets: By measuring the width of the triangle, the price can be expected to reach the 200-230 USD band.



5. Trend Direction


• Medium-term trend: An uptrend appears to be starting.


• Short-term trend: The price has broken out of the squeeze and is indicating a new uptrend.



6. Strategic


1. Purchase Strategy:


• Buying can be done from strong supports at 66.96 USD and below.


• If it stays above 78 USD, the position can be increased.


2. Targeting:


• Short-term target: 132.82 USD.


• Medium-term target: 231.27 USD.


3. Stop Loss:


• If the daily close is below 66.96 USD, a stop-loss should be placed.



7. Comments and Suggestions


• The chart draws a positive picture after the bullish formation.


• Current prices may be a suitable area for buying. However, since volatility is high, attention should be paid to support-resistance areas.


• Targets should be followed gradually and positions should be updated accordingly.



In conclusion, TRB is currently showing strong technical signals and the potential for an upside move seems high. However, caution should be exercised considering the market conditions.