🔥 TrueFi Perfect Bounce Initiated: Bottom Is In?

8 мар. 2023 г.

In my most recent TRU analysis I talked about the Cup & Handle pattern which appeared on the chart. Although TRU didn't hit my exact target, it still made a huge >30% move after my previous analysis. Congratulations if you took the trade.

Since topping out around 0.144, TRU has been in a slight downtrend. However, it seems that TRU has found a local bottom.

Two most important overlapping supports:
- The bottom dotted support is an exact copy of the top resistance, making it a perfect parallel channel
- The hourly RSI has hit oversold for the first time in almost three weeks, back when the price was still 0.0575

I'm looking at 0.113 as my first target. Second target is the top of the parallel channel.