Fibonacci Technical Analysis for TLM/USDT
1. Identifying Fibonacci Range
To analyze the correction using Fibonacci levels, I will identify two important waves:
1️⃣ Major bearish wave (from high 5.95 USDT to low 0.00701 USDT).
2️⃣ The last bearish wave (from 0.0085 USDT to 0.00701 USDT).
2. Applying Fibonacci retracement levels
📌 Fibonacci for the major downward wave (long term):
Range: 5.95 ⬇️ 0.00701 USDT
Fibonacci level expected price
23.6% 1.41 USDT
38.2% 2.27 USDT
50.0% 2.98 USDT
61.8% 3.70 USDT
78.6% 4.74 USDT
📍 Interpretation:
• These levels represent major resistance areas if the market enters a major bullish wave in the future.
• If the price breaks the 0.01 - 0.02 USDT level, 1.41 USDT can be considered as a long-term target.
📌 Fibonacci for the last downward wave (short term):
Range: 0.0085 ⬇️ 0.00701 USDT
Fibonacci level expected price
23.6% 0.00735 USDT
38.2% 0.0076 USDT
50.0% 0.0078 USDT
61.8% 0.0081 USDT
78.6% 0.00835 USDT
📍 Interpretation:
• The price is currently at 0.0072 USDT, which means it is approaching the first important resistance level (23.6% at 0.00735 USDT).
• If 0.00735 is broken with a clear close, the price is likely to reach 0.0076 and then 0.0078 USDT.
• The strongest short-term resistance is at 0.0081 - 0.00835 USDT, and if the price breaks it, we may see a stronger upward movement.
3. Expected scenarios
✅ Ascent scenario:
• Breaking 0.00735 USDT → may push the price to 0.0076 → 0.0078 → 0.0081 USDT.
• If 0.00835 USDT is surpassed, the market may start a stronger bullish wave towards 0.009 - 0.01 USDT.
⚠️ Landing scenario:
• Breaking 0.00701 USDT → may push the price to 0.0068 → 0.0065 USDT.
• If the decline continues, we may see a test of the 0.0062 USDT area.
💡 Fibonacci view:
📌 For speculators:
• Buy on clear breakout of 0.00735 USDT with target at 0.0078 - 0.0081 USDT.
• Place a stop loss at 0.0070 USDT to protect against a downside.
📌 For investors:
• Watch for a breakout of 0.0081 - 0.00835 USDT, as it may be a signal of the beginning of a larger bullish wave.
• In case of a decline, you can buy back at 0.0065 - 0.0062 USDT.
🔹 The final decision depends on the price behavior at key Fibonacci levels! 🔹