TURBOUSDT trade ideas
Turbo Token: A GPT-4 Inspired Meme CoinThis structure looks like a cup and handle to me. I've indicated a key level of support and resistance with the blue lines.
Here are some tips for identifying a Cup & Handle pattern:
Cup Formation:
The pattern starts with a rounded bottom (the "cup") that resembles a "U" shape on the stock chart.
The left side of the cup shows a downtrend followed by a gradual bottoming out.
The right side of the cup shows a gradual uptrend, forming the other half of the "U" shape.
Handle Formation:
After the cup formation, there is a slight downward movement in the stock price, creating a smaller dip known as the "handle."
The handle is usually shorter in duration compared to the cup and has a downward-sloping or sideways trend.
Volume:
Volume tends to decrease during the formation of the handle, indicating a temporary decrease in trading activity.
Breakout:
The pattern is considered complete when the stock price breaks out above the resistance level formed by the top of the cup (often called the "lip").
This breakout is typically accompanied by an increase in volume, signaling potential bullish momentum.
To confirm a cup and handle pattern, traders often look for these characteristics and use technical indicators such as moving averages, relative strength index (RSI), and volume analysis. It's important to note that not all cup and handle patterns lead to significant price movements, so traders often combine pattern recognition with other analysis techniques for better decision-making.
Learn more about TURBO here => turbotoken.io
Turbo USDT - SPOTYellow: resistance levels
Red: previously untested (now tested) major support and gap fill
Blue: price channel (not support or resistance levels)
RSI is strongly bearish, below 20.
I believe the market has reached its bottom. Now it needs to surpass the price channel and maintain its position within it to experience further upward movement and break the initial resistance level.
The overall market is experiencing significant downward pressure, largely influenced by Bitcoin, but this particular coin shows potential for short to medium-term gains.
Remember to buy at low prices and sell at high prices, while disregarding emotional reactions and fear, uncertainty, and doubt found on the internet. This is how the financial world operates: based on mathematical principles.
Note: This information is provided for educational purposes and should not be considered as financial advice.
CAN TURBO GO FOR THE NEXT 100%? CYCLE TRENDTURBO seems one of the volume coins of the moment but it needs a confirmation trend after the last 50% increase.
We will follow TURBO to see if there are possibilities in trend.
It's a high risk to enter coins when it's already pumped.
It seems that turbo has an unexpectedly strong cycle trend.
Chart Setup Looks Good for Longing This chart looks like it has a good setting for trading and longing this coin. There is a bullish divergence on the 3D chart. Preferably, an entry point should be at the place of liquidity (Green box at the bottom) especially for leverage trading so stop loss can be set below, but it is not a big deal if this takes off as there would be multiple entry points along the way for scalping and making a profit as the price increases. It is easy to trade a coin when you know the destination and it looks like the destination of this is the red box at the top. Let's see how this plays out.
Not a financial advice.
TURBO is the first GPT4 (OMG)Finbold turned to ChatGPT’s AI, looking for valuable insights on promising cryptocurrencies for the next year. Interestingly, we used the latest available model from OpenAI, GPT-4 Turbo. In particular, the NanoGPT chatbot allows for crypto payments per each prompt and generated output.
With the increase in the number of wallets more than 100,000 dollars, it seems that a huge leap is expected for the only artificial intelligence memecoin.
Target 0.03
May it be a memory
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TurboUSDT
Turbo is a new meme coin that is gaining some momentum with about 40M MC. in this time of the market, and current conditions, meme coins are attracting a lot of volume, and changes are happening here and there.
Yesterday, this coin broke its ATH, and seems to hold very well on the level. No real close above the ATH level, but an effort can be seen from the chart, which if succeeded, will give a strong bullish signal to all those who are watching this coin, and expect big jumps with market orders.
Wait for a close above 0.0006 level, and then you are ready to go.
#TURBO/USDT is testing the Diagonal Trend line in 4-Hour TF!#TURBO/USDT is testing the Diagonal Trend line in 4-Hour TF!
BSE:TURBO looks heavy to me. #TURBOUSDT breaks the PMH and PDL as a support. The next local support level is PWL $0.0001235.
Wait for Breakdown to short it. If it reclaims the support with a good volume, we can long it.
$Turbo is blooming.. 🌱This is probably a smart currency. With the conditions that are known in the chart, he will experience his first real and intelligent growth. It is interesting to remind you that this cryptocurrency was designed by artificial intelligence and at the request of humans to be made at a price of $69.
$Turbo is blooming..This is probably a smart currency. With the conditions that are known in the chart, he will experience his first real and intelligent growth. It is interesting to remind you that this cryptocurrency was designed by artificial intelligence and at the request of humans to be made at a price of $69.
