Turbo is a meme coin created by AI that rose to fame just recently. Since there are few daily candles, no big-picture analysis can be done. But, in lower time frames, namely 1 hour, it seems a descending triangle pattern is forming. Let's see what happens next.
P.S. Be careful, meme-coins are risky to trade
P.S. Be careful, meme-coins are risky to trade
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Turbo broke the triangle pattern.
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So far, Turbo has broken two downtrend lines. We have to wait for the price to break the third downtrend line; if successful, continuation can be expected.
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So, Turbo was not able to break the third downtrend line and went down. Now it seems Turbo is trying to break this line. Let's see what happens.
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There is a good chance that TURBO is making a harmonic pattern; a lucrative one. Let's see what happens.
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Just an update.
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Turbo broke the downtrend line. Let's see how far can it go.
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TURBO reached the first horizontal resistance area. TURBO is a little behind in terms of the crypto market's rise, so it is most likely that TURBO will break this area and move toward the next horizontal resistance area. Let's see what happens.
P.S. This is the daily chart.
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So, TURBO broke the two horizontal resistance areas and went up. There is still some room left to reach the major horizontal resistance area. Let's see what happens.
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TURBO made a pullback on the broken horizontal resistance area, and it seems posed for another upward wave. Let's see what happens.
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It seems TURBO's correction unfolded in a descending triangle pattern. Let's see when TURBO breaks this pattern upward.
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So, TURBO lags behind other altcoins, and it seems TURBO could behave like PEPE and rise toward the ATH resistance area. Let's see what happens.
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So, as it turns out, TURBO is moving in an ascending channel and is currently trying to break the minor downtrend line. Let's see what happens.
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So, TURBO went up, with momentum, and broke ATH area. There is going to be pullback on the broken ATH, probably. Let's see what happens.
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So, after TURBO broke the ATH area, it went up. Then came the correction time and TURBO made a pullback on the broken area. It seems TURBO's correction is unfolding in a triangular pattern. Let's see what happens.
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So, TURBO is trying to break the triangular correction pattern. Let's see what happens.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.