Trump coin can be expected to rise to the next resistance level 3.2900 – the breakout of which can lead to the next resistance level 3.5000.
- Trump reversed from the strong support level 2.7330
- Likely to rise to resistance level 3.2900
Trump coin recently reversed up from the support zone between the strong support level 2.7330 (which stopped previous wave (B) at the start of March as can be seen from the daily Trump coinchart below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous minor correction 2 – which belongs to the medium-term impulse wave (C) – which started from the same support level at the start of March.
Given the strength of the aforementioned support level 2.7330, oversold daily Stochastic, the bullish divergence on the daily Stochastic and the bullish sentiment seen across the cryptocurrency markets, Trump coin can be expected to rise to the next resistance level 3.2900 – the breakout of which can lead to the next resistance level 3.5000.
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