TWT/USD Main trend. Huge triangle (like BTC in 2020)

Logarithm. Time frame 3 days. Main trend. Linear, to show the trend and formation by removing the “market noise” (squeezes).

Coin in coinmarcetcap: Trust Wallet Token(TWT)

A huge symmetrical triangle has formed. Similar to the BTC/USD crypto market brand in 2020 before a super takeout of over -40% (03 2020) and subsequent super price rise of over +518%

Was doing the idea of learning/trading on reversal zones at the time by showing this triangle formation (previously posted this triangle 1.5 years before it formed). It simply had to be formed before the market reversed, previously squeezing out all the “smart” and stupid passengers, first of all the first, but very docile ones.

Trading by trends and important areas using the example of BTC

Super price drop 03 2020
Will this very promise crypto coin from Binance + DOGE + twitter + Ilon Musk position have the same “instant” super price drop by squeeze (whole market under world events) or a smooth working from triangle targets with base over 400%? I can't know, and no one knows. Including those with price influence. You don't need to know that to make money.

If there will be a reset of passengers like in March 2020, take your chance, don't be afraid and don't be greedy. The pivot areas are shown in yellow. Maybe a triangle may work out according to the classic TA. The price is now at its resistance.

Read my articles about working with a breakdown and pullback after a breakdown and how to limit risks and protect profits. Trading will not be something risky and unpredictable for you. Everything is about what/which you are here and now (experience and knowledge), not guessing the price movement.

Limit your risks, stay out of the market early, protect your profits, be prepared not only for your more likely scenario, but also for the less likely one.

It's worth noting that the twt/btc price is at specific XXX. I have attached my previous TWT ideas below, take a look. There's a couple to BTC there.


Locally, the pivot zone and resistance of this big triangle. The time frame is 1 day.

PS.
Forget for a long time about margin in large positions. Applies to all cryptocurrencies. You will be happy, calm and profitable, unlike "others".

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+60%

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+104%

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+140%

Something similar to a triangular formation is being formed, which can act as a web of an ascending pennant. Key levels of trend change on the chart and shown by arrows.

After this momentum, the pampa coin breaks out of the triangle on a significant profit. Protect her. If you now decide to enter the market on a breakout (you can stop on a buy, so as not to monitor, but remember, you can fall for a false one), be sure to limit potential losses with a stop.

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the price has not overcome the level of 2.7472. Drainage from the resistance zone to the breakdown zone (current squeeze to the exit level from the big triangle 1.3180. FUD around Binance has done its job. All projects related to the Binance exchange (financing, promotion) have significantly lost in price.

An analogy like the FTX exchange and FUD around the exchange and the loss of value of projects that were associated with this exchange. For example: FTT, SRM, SOL .... Let's hope that the FUD around the Binance exchange will remain only what it is, that is, an action for fear in the surrender zone. And the exchange will not repeat the fate of FTX and there will be no hacker attacks closer to the new year or SEC statements.

As for TWT, whatever happens next with Binance and the market, watch this coin.

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Main trend. Large time frame 1 week. Rollback after a huge triangle breakout. Re-test of the breakdown zone.

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price in the 1,318 area forms a local uptrend channel. It is also a cross between support (mirror former resistance of a huge bullish triangle) and dynamic support of an expanding triangle.


Bullish scenario.

This zone is holding. The price is moving towards the resistance of the main channel, that is, the first targets of the expanding triangle. Targets on the chart. The trend reversal zone is similar.


Bearish scenario.

This support zone breaks down, the local uptrend channel acts as a descending flag band. Down -44% to the dynamic support of the main channel. The trend break zone is marked.

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C breaking the reversal support level 1.3180 the price reached the zone 0.8768, which is -44%. Decrease to the reversal level (yellow color) 0.7081 and from it at the moment reversal and triangle formation. All this downtrend has formed a descending wedge in the secondary trend, which is conditionally a bullish formation. Important levels breakthrough and consolidation of which depends on the development of the trend is indicated by arrows. Also showed the percentages from the reversal zone, if we go in a bullish direction.

It should be remembered that TWT is a project of the Binance exchange and many coins are in the hands of large holders, the purchase price of which is not shown on this chart (excess profit). Therefore, you should always keep this in mind and follow mani management.

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This is what this wedge (secondary trend) looks like in the main trend ("dump/dump zone").

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