HEY, what's up guys and girls ?!
Since 03 Apr 2021, when I posted the last analysis for TomoChain , it has been declining till now .
although I expected a possible rising for it ,but due to market condition wasn't able to see higher
targets and decreased!
So today as you see on the weekly timeframe again for TOMO/USDT ,after a little consolidation phase It recently Re-bounced exactly on the last demand zone! As long as it is above two key support and pivot zone , we can hope for an upward scenario at least in the short or medium term , also the current candle seems that has the power to overcomes pivot zone so then should also breakout the descending trendline , and less likely may get rejected there ! but if it be able to overcome this resistances then can see higher R zones and likewise , by the way it will likely get rejected again from one of these R resistance zone .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Since 03 Apr 2021, when I posted the last analysis for TomoChain , it has been declining till now .
although I expected a possible rising for it ,but due to market condition wasn't able to see higher
targets and decreased!
So today as you see on the weekly timeframe again for TOMO/USDT ,after a little consolidation phase It recently Re-bounced exactly on the last demand zone! As long as it is above two key support and pivot zone , we can hope for an upward scenario at least in the short or medium term , also the current candle seems that has the power to overcomes pivot zone so then should also breakout the descending trendline , and less likely may get rejected there ! but if it be able to overcome this resistances then can see higher R zones and likewise , by the way it will likely get rejected again from one of these R resistance zone .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
