$TRUMP Trump Coin Analysis: Potential Move from $36.500 to $66 on H4 Timeframe

On the H4 timeframe, Trump Coin is showing strong potential for a significant upward move from $36.500 to $66. Here's a detailed breakdown of the analysis:

Key Observations

1. Support Zone at $36.500:

The price has formed a strong support base at $36.500, indicating that buyers are actively defending this level.

2. Bullish Momentum:

The recent candlestick patterns on H4 suggest growing bullish momentum, with higher lows forming consistently.

3. Breakout Possibility:

A resistance level near $42 could act as a minor hurdle. However, if the price breaks this level with volume, it could accelerate toward the $66 target.

4. Indicators Confirmation:

RSI: Currently above 50, indicating bullish strength but not yet overbought.

Moving Averages: The 50 EMA has crossed above the 200 EMA, confirming a bullish crossover.

MACD: Positive crossover with histogram bars increasing, signaling further upward momentum.

Target Levels

First Target (T1): $50 (psychological resistance)

Second Target (T2): $66 (major resistance zone)

Risk Management

Stop Loss: Below $35 to manage downside risk.

Entry Zone: Between $36.500 and $38 after confirmation of bullish candles.

Disclaimer: This is not financial advice. Conduct your own research before making any trading decisions.