TNT has been moving within this wedge. I am opening a long position.
TP: 0.0001
Duration of trade: 1 year.
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nice bounce. movement within the wedge.
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looking good for a breakout.
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TNT has the nicest descending wedge forming. We are looking for a breakout in between 2 days and 1 week. Target 1: 2600
עסקה סגורה: היעד הושג
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Target 2: .00004200 Target 3: .00005400
Long term target: .0001
The breakout happened within our time frame and decided to come in the first part of the window.
Here is where things get tricky. This was an increase of 170% in a 6 day period. This came smashing a new ATH. I would expect a retracement along the downside of the equilateral triangle in the short term. Support is in the 1600- 1900 levels depending on how many days it takes to retrace. There could also be a move into consolidation.
Use capital management to assess your gains. I have sold 15%
Right now there is a divergence in high trend and low trend. It is possible, that price continues to climb, but it is unlikely based on this TA.
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It did indeed fall downward.
It has broken the upward trend line and is not looking for support in the 1600 levels.