TRUST WALLET TOKEN - TWT/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	TWTUSDT
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TRUST WALLET TOKEN - TWT/USDT - Daily - Technical analysis published on 09/26/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 0.982347 USDT

My targets

1.100717 USDT (+4.92%)

1.188038 USDT (+13.24%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRUST WALLET TOKEN - TWT/USDT as long as the price remains well above 0.982347 USDT. The buyers' bullish objective is set at 1.100717 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.188038 USDT. If there is any crossing, the next objective would be the resistance located at 1.359790 USDT.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Mayvenate. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TRUST WALLET TOKEN - TWT/USDT price is 1.049095 USDT. On the day, this instrument gained +18.36% and was traded between 0.858225 USDT and 1.057584 USDT over the period. The price is currently at +22.24% from its lowest and -0.80% from its highest.

0.858225

1.057584

1.049095

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of TRUST WALLET TOKEN - TWT/USDT in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Long white line

Type : Bullish

Timeframe : Daily

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.564800	0.735933	0.982347	1.049095	1.100717	1.188038	1.359790
Change (%)	-46.16%	-29.85%	-6.36%	-	+4.92%	+13.24%	+29.62%
Change	-0.484295	-0.313162	-0.066748	-	+0.051622	+0.138943	+0.310695
Level	Minor	Major	Intermediate	-	Minor	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.834789	0.849186	0.867781	0.882178	0.900773	0.915170	0.933765
Camarilla	0.877303	0.880328	0.883352	0.886376	0.889400	0.892425	0.895449
Woodie	0.836888	0.850236	0.869880	0.883228	0.902872	0.916220	0.935864
Fibonacci	0.849186	0.861789	0.869575	0.882178	0.894781	0.902567	0.915170

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.438361	0.578013	0.704593	0.844245	0.970825	1.110477	1.237057
Camarilla	0.757960	0.782365	0.806769	0.831174	0.855579	0.879983	0.904388
Woodie	0.431826	0.574745	0.698058	0.840977	0.964290	1.107209	1.230522
Fibonacci	0.578013	0.679713	0.742544	0.844245	0.945945	1.008776	1.110477

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.586981	0.699433	0.773934	0.886386	0.960887	1.073339	1.147840
Camarilla	0.797024	0.814161	0.831299	0.848436	0.865573	0.882711	0.899848
Woodie	0.568007	0.689945	0.754960	0.876898	0.941913	1.063851	1.128866
Fibonacci	0.699433	0.770849	0.814970	0.886386	0.957802	1.001923	1.073339

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.01
MACD (12,26,9):	0.0106
Directional Movement:	14.749024
AROON (14):	71.428571
DEMA (21):	0.878768
Parabolic SAR (0,02-0,02-0,2):	0.717664
Elder Ray (13):	0.078630
Super Trend (3,10):	0.748228
Zig ZAG (10):	1.043555
VORTEX (21):	1.0325
Stochastique (14,3,5):	72.44
TEMA (21):	0.901255
Williams %R (14):	-3.63
Chande Momentum Oscillator (20):	0.090607
Repulse (5,40,3):	26.6598
ROCnROLL:	1
TRIX (15,9):	-0.0819
Courbe Coppock:	0.89

MA7:	0.873894
MA20:	0.865162
MA50:	0.869008
MA100:	0.937115
MAexp7:	0.902217
MAexp20:	0.872324
MAexp50:	0.886172
MAexp100:	0.939452
Price / MA7:	+20.05%
Price / MA20:	+21.26%
Price / MA50:	+20.72%
Price / MA100:	+11.95%
Price / MAexp7:	+16.28%
Price / MAexp20:	+20.26%
Price / MAexp50:	+18.39%
Price / MAexp100:	+11.67%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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