Tel currently is breaching overbought territory on the Jurik.
With that being said At some point $Tel has to cool off.
Itโs looking to test resistance at 0.0083 & 0.01.
So what I think happens is that it takes 0.0083, and possibly rejects off of another resistance area of 0.098 - 0.01 area back down to 0.0083.
And try to take out 0.01.
This is of course if everything remains constant with bitcoin.
The monthly is still bearish, but into the short-term, it looks Bullish on most indicators!
With that being said At some point $Tel has to cool off.
Itโs looking to test resistance at 0.0083 & 0.01.
So what I think happens is that it takes 0.0083, and possibly rejects off of another resistance area of 0.098 - 0.01 area back down to 0.0083.
And try to take out 0.01.
This is of course if everything remains constant with bitcoin.
The monthly is still bearish, but into the short-term, it looks Bullish on most indicators!