danywaystrige

TRB Exemple of possible bottom, unlike TomoUSDT

BINANCE:TRBUSDT.P   TRB / TetherUS PERPETUAL CONTRACT
Hi,

Here is an example of a potential bottom on 4H, up to 12H time frame, for TRBUSDT. The daily candle is currently not closed yet.
On the 12H, we can see a candle with a relative big wick at the bottom, like on the 22.06.2021 at 14h00.
On the 12H RSI has make some bullish Div, and Stochastic as crossed to the upside from a low level. It's look like bullish to me.

Bullish Div detected the 19th of jully at 14h00 on 4H :

With a Bullish div confirmed yesterday 19th of jully at 14h00, on the 1H time frame, and with a bearish trend line broken today at 09h00, re-tested a little bit bellow at 11h00

There is a bigger down trend line on the 4H. if this trend line is also broken, than the target can be higher.

I'm just not sure yet of the potential target. If TRB can go to the top of the 4H-12H range at arround 41-42, or not.

Have a nice day to every body.

Regards
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