🛑🛑 Technical analysis of $TLM/USDT (1D) 🛑🛑
Indicators and Levels
Parabolic SAR indicator:
The Parabolic SAR points are below the current price, indicating a bullish trend. 📈
Indicator Ishimoku:
Kijun-sen (purple line) and Tenkan-sen (blue line): Both lines are below the current price, signaling a bullish trend.
Ichimoku Cloud: Price recently broke through the cloud upward, which is a bullish signal. 🌥️➡️☀️
Chinkou Span (green line): The lag line is above the price chart, confirming the bullish trend.
Moving averages (MA):
MA (25) and MA (99): The current price is above both moving averages, indicating a bullish trend. 📈
Support and resistance levels:
Support: Area between $0.01874 and $0.02052. The price tested this area several times, which confirms its significance. 🔽
Resistance: The area around $0.04388, where the price has encountered resistance several times. 🔼
Analysis of trends and patterns
Trend line:
The chart shows a breakout of the downward trend line, which is a strong bullish signal.
Pattern:
A rising wedge pattern is forming, which may indicate a continuation of the current upward trend.
Volume and other indicators
Trading volume:
Trading volume increased, confirming the strength of the bullish movement. 📊
conclusions
Short Term: In the short term, TLM is showing strong bullish signals. The breaking of the Ichimoku cloud and the increasing trading volume confirm this.
Medium-term outlook: To continue growth, the price must remain above the support level of $0.02052 and break through the resistance level of $0.02466.
Long term: To confirm a long-term bullish trend, we need to watch for an increase in trading volume and a breakout of key resistance levels.
Trading recommendations 📈💼
Buy: Consider buying the $0.02052 support area with a short stop loss below this level.
Sell: Selling may be appropriate at the $0.04388 resistance area if the price fails to break through this level.
Caution: Closely monitor trading volume and indicator signals to make informed decisions.
