$TRB — Consolidation before next leg up?
#Tellor has probably entered a consolidation phase where it is trading in a sideways channel between 117-140.
Volume has been constantly decreasing since reaching the high at almost 150.
➡️ Approach 1: Trading the sideways channel. Since the channel has a corridor of 25% it reflects a trading opportunity by itself. However, remember that the price not always touches the upper/lower band.
➡️ Approach 2: Wait for break out of the channel and follow the trend. As shown in the 2nd attachment, the momentum indicators like the RSI are still in overbought territories. Accordingly, a break to the downside is more likely (and probably healthy).
On the other side, the AI forecast shows a #bullish scenario and expects more upward potential in the next 7 days.
