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TrueFI (TRU) - 350% return

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On the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Significant bullish divergence. Multiple oscillators print positive divergence with price action.

3) Bull flag break out with 350% target projection.

Is it possible price action prints lower highs? Sure.
Is it probable? no.

Ww

Type: trade
Risk: <=6%
Time to act: days
Return: 350%

トレード稼働中

ノート

confirmed hidden bullish divergence

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A number of messages this morning on this one.

Seriously, the most numerous message "What's the target?"...

Read the idea!!

トレード稼働中

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Yes, it is still active. Let the FOMO warriors do their thing. They will provide the exit liquidity later in the month.

トレード稼働中

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Don't want to Badger you but it's time to. get your bull on.

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Past resistance confirms support.
Will explain elsewhere.

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Many messages asking about the last update. Just this one time…

TA 101, support and resistance?
TA 102, the trend, what is it?

The support and resistance is shown on the weekly chart below. No one cares what is happening on the day to day, focus on the higher time frame. A complete candle printed on the 21-week EMA last week AND on past resistance AFTER printing a higher low. Does not get any more bullish than that. Now wait until the target.

weekly

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** target update **

This is a longer term outlook, wave 5 top is now expected to top out at over 80 cents some time next year, just over 2000%

Currently price action is entering wave 3 following corrective wave 2.

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Past resistance confirms support.

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GRM support confirmed.

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Have a look at the weekly candle, what do you see?

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Earlier yesterday morning (Sunday) the weekly candle was a normal hammer candle, however the weekly closed even higher as buyers entered the market, this caused the long wick and an even longer green body. Sellers here were completely exhausted. The green candles that proceeded the weekly candle itself are important for this confirmation. This is telling you something very important about the mindsets of market participants.

Buyers continued to absorb each and every sell to support, that is why the wick printed. Short sellers and sellers alike are now exhausted, thrown in towel, licking the wounds, filling out the Maccy D's application form, hence the larger candle body. You will see this weekly print in markets with incredible momentum behind them. As the sellers capitulate price action takes a powerful run to higher highs as a result of the scarce supply.

Below are the weekly charts of TRU and HBAR as an example candle in 2020.

TRU-USD weekly

HBAR-USD weekly 2020

ノート

long from 0.05 exactly

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This might be a good moment. Not certain why. Put it down to experience.

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As per comment above "long from 0.05". Here it is. Do you feel like it is a long moment? Of course not. Welcome to the 5% world, our emotions do nothing to help.

トレード稼働中

Support on past resistance confirms.

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On GRM support.

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Past resistance confirms support (again).
Notice the green wicks that print for every time a support test on past resistance confirms.

トレード稼働中

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GRM support confirmed. With volume. Lots of it.

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You can hold this now until the 70-80 cent area. That will be a 2500% return from published date.

トレード稼働中