TEL - 10c by end of June
The Telcoin chart is looking strong as always.
Signs of strength
All the recent fundamental developments including the passing of the Financial Innovation Act in Nebraska has not been priced in yet, now was there much price movement when Telcoin was licensed to act as a crypto bank. All of which are huge developments for the space.
We are waiting for V3 of the mobile app to be released this month.
Based on these fundamentals and also the dynamic trend lines, I see 10c to 20c being possible by the end of June. However, as is always the case, it depends on Bitcoin's movements.
Signs of strength
- Tel has broken above the falling wedge pattern after the previous rally.
- We are at support at 3 cents
- Tel is just below the lower channel line
- The lack of volume shows that people are holding as opposed to panic selling.
All the recent fundamental developments including the passing of the Financial Innovation Act in Nebraska has not been priced in yet, now was there much price movement when Telcoin was licensed to act as a crypto bank. All of which are huge developments for the space.
We are waiting for V3 of the mobile app to be released this month.
Based on these fundamentals and also the dynamic trend lines, I see 10c to 20c being possible by the end of June. However, as is always the case, it depends on Bitcoin's movements.
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