TELCOIN FAILED RALLY ?
yesterday i posted the update below highlighting that a bounce off the 200 daily moving average was likely, however
$TEL broke that level and closed a daily candle below,
So the question is "does it go down from here?"
I think that there is still a very good chance it bounces back up rather, as a backtest of the previous W pattern (1), the second argument is that the RSI and 50 daily moving averages are also in a position to refresh another rally(2). Let's see what happens in the next few days but optimism is loaded here.
This area is a perfect bounce zone for ethereum:0x467bccd9d29f223bce8043b84e8c8b282827790f , I’m expecting this to happen relatively fast.