TA- Alien Worlds (TLM) Set For A Major Rally As Market Looks Promising
15 Agosto 2022 - 05:37PM
NEWSBTC
The price of Alien Worlds (TLM) has struggled to break out of a
range recently with few bullish signs against Tether (USDT).
Alien worlds could be set for a major rally after narrowly holding
above key support as other crypto assets continue to trend higher.
Related Reading: TA: Top 5 Crypto You Should Watch This Week – BTC,
ETH, BNB, GMT Alien Worlds (TLM) Price Analysis On The Weekly Chart
From the chart, the price of TLM saw a weekly low of $0.02, which
bounced from that area and rallied to a price of $0.0313. The price
has struggled to build more momentum as it faces resistance at
$0.031. If the price of TLM on the weekly chart continues with this
structure, it could quickly revisit $0.02 acting as a good
support area for buy bids. Weekly resistance for the price of TLM –
$0.0313. Weekly support for the price of TLM – $0.02. Price
Analysis Of Alien Worlds On The Daily (1D) Chart The price of TLM
found strong support at $0.021, with what seems to be an area of
interest on the daily chart. TLM bounced from its support and has
rallied as it faces resistance at $0.032. The price of TLM has
continued to range in a channel, breaking out of this channel could
send the price of TLM to $0.04 where it will face a major
resistance before trending higher in price. At the point of
writing, the price of TLM is at $0.032, above the 50 Exponential
Moving Average (EMA) which corresponds to $0.03. TLM holding above
the 50 EMA on a high timeframe is good for market recovery and for
price to trend higher. TLM needs to hold above this support area
that corresponds with the 50 EMA, a break below this region could
send the price of TLM to $0.022 The Relative Strength Index (RSI)
for the price of TLM on the daily chart is above 50, indicating
healthy buy bids for TLM. Daily (1D) resistance for TLM price –
$0.032, 0.04. Daily (1D) support for TLM price – $0.022. Price
Analysis OF TLM On The Four-Hourly (4H) Chart The price of TLM is
having a hard time breaking out the ranging channel, where it faces
resistance at $0.032. On the low timeframe, the price of TLM
has remained strong above the 50 and 200 EMA which corresponds to
the prices of $0.032 and $0.03 acting as support for TLM
prices. If TLM fails to hold these supports due to a sell-off
we could see the price of TLM in the region of $0.25. Four-Hourly
(4H) resistance for TLM price – $0.4. Four-Hourly (4H) support for
TLM price – $0.032, $0.03. Related Reading: Bitcoin Still Very
Bearish, Says Peter Schiff Featured image from BeInCrypto, Charts
from TradingView.com
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