The Trust Layer for Market Analysts

The analyst discusses Telcoin (TELUSDT) on November 29th, noting it is trading around $0.0051. He suggests that Telcoin might go lower, potentially finding support around $0.0042 or $0.0037. The analyst uses Fibonacci retracements from a high of $0.0072 to a low of $0.0025, pointing out key levels and possible areas of support and resistance. He believes the price action is forming a descending triangle, which typically breaks to the downside. Examining the RSI (Relative Strength Index) on the 1-hour chart shows bullish tendencies, but he mentions there are lower highs on the price chart, implying bearish divergence. He advocates waiting for price confirmation above 0.0063, anticipating potential exchange listings could propel the price upward to $0.034 as a target in the long term.