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TELCOIN Price Analysis: Could The Token Touch The level of $0.0300?

TEL
  • TEL confronts having a mobile money platform which is as easy as sending a text message.
  • The token has shown the pattern of engulfing bearishness in the last 24 hours.
  • The RSI oscillator for TEL shows the BUY action.
tradingview

The last known price of the token, TEL, is 0.01695 and is up by 7.04% over the last 24 hours. It has the current trading volume(s) of 30,505,373 with a gain of 12.85% over the last 24 hours. TEL has addresses of 40,181 with the active address(es) of 19 in the last 24 hours. The chart above shows the movement of TEL where 200 DMA has been running above it and even DMA-50 was above it until 23 July. We see the token with respect to SMA’s which are 20, 50, and 200 and it is SMA-20 which is behind one(SMA-200) SMA but above the other(SMA-50). We see a downward pattern where the bears’ win is visible. The trend line marked shows this downwards shifting. The candles forming now are about to touch the level of SMA-200 and once it crosses that, it would strike the level of $0.0300(expected). TELCOIN has provided returns of 15% on an average of the last 30 days.

Its top 10 and 20 holders have more than 85% holdings and top 50 and 100 have more than 90% which makes the strong supply side of the coin.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 64.776 and marks the buy action. MA-5, MA-10 and MA-20 show the buy action. Even MA-100 and MA-200 show the same buy action. However, the TEL at present is all set to buy but for intraday or two day trading.

The bull/bear power has the value of 0.0017 and shows the buy action. The high/low marks the buy action with the value of 0.0006.

The TEL-BTC pair is trailing at the level of 0.0000005024 and the gain of 1.52% was seen whereas the TEL-ETH pair is trailing at the level of 0.000007946 and the gain of 1.84% was seen in the last 24 hours. The volume/market cap of the token is 0.03306 and its market dominance is 0.07%.

Conclusion: The days range for the coin is 0.016054-0.016903 and presently is at 0.017. The 24 hours high and low of the coin is 0.017 and 0.01478 respectively. We observed that the coin is going higher and in the coming time it will be moving higher. As the retracement is taking place, crypto holders are showing interest in it.

Technical Instruments:

Pivot: 0.016818

R-1: 0.016844

R-2: 0.016860

S-1: 0.016792

S-2: 0.016776

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour