Crypto Sleeping Giants: Telcoin price - A 3,000% rally is possible
- Telcoin price has optimistic macrot technicals suggesting a $3,000 percent rally could occur.
- Telcoin remains in a downtrend under relatively low volume.
- Invalidation of the uptrend scenario is a break below $0.00012800.
Telcoin price is this first choice for potential movers in a crypto bullmarket. The digital asset has a very optimistic macro outlook.
Telcoin price is sleeping giant #1
Telecoin price has the potential to shock the world. The technicals suggest a rally towards all-time highs at $0.05 is still possible. A Fibonacci Retracement tool surrounding the most significant rally from November 2020 through May 2021 suggests the current price at $0.0015 is merely a 61.8% correction in market value. Additionally, the volume profile indicator shows low volume amidst the sell-off.
Telecoin could be a superb digital asset to the dollar cost average approach. From a fundamental perspective, the mobile network collaborator has more than 5.2 billion subscribers globally. More of their mission can be found at their home base.
TEL/USDT 1 Week Chart
From a technical perspective, Telcoin price should be on every trader's watchlist in the coming weeks. A fifth wave rally towards the all-time highs at $0.05 is very posisble. A move towards the intended $0.05 target would yield a 3,000 percent increase in profit from today's market value. Invalidation must remain at $0.000128000 until further technicals unfold.
In the following video, our analysts deep dive into the price action of Bitcoin, analyzing key levels of interest in the market. -FXStreet Team
Author
Tony M.
FXStreet Contributor
Tony Montpeirous began investing in cryptocurrencies in 2017. His trading style incorporates Elliot Wave, Auction Market Theory, Fibonacci and price action as the cornerstone of his technical analysis.
