TOMOUSDT → a strong coin in a weak market

14 Okt 2023

BINANCE:TOMOUSDT in a weak cryptocurrency market gives us hints of chic bullish potential. But this will happen under a number of conditions



The coin is in a range under the resistance at 1.5480 and under the downtrend line marking the direction of the global trend. The coin after a long consolidation and numerous retests breaks this line and begins to move into the phase of realization of the accumulated potential.
On the background of weak BTCUSD (and this is important enough) TOMO forms an active bullish growth to the area of 1.5480, which is a panic zone for sellers. If this resistance is broken through, an increase in volumes will be formed that will start to lift the price, in which case we can catch a rise in price. Medium-term target is 1.9700 and 2.4390.
Moving averages on D1 act as support.

Resistance levels: 1.5480, 1.6640
Support levels: 1.3300, MA-50 and MA-200

In the future, I expect a continuation of the simplified struggle of buyers with the market, which may lead to a breakthrough of the above resistance and further strengthening of the price to important targets

TOTAL3 TOTAL TOTAL2 BTC BTCUSD BINANCE:TOMOUSD a strong coin in a weak market

Regards R. Linda!