Technical analysis by CryptoMitchX about Symbol TEL on 1/1/2025

TEL CHART Part 2 Short Term Analysis TEL Hourly Price Action Today Volume has seen a minor increase. 100MA is still pointing down which indicates a downtrend. The price has broken above the 100MA which is super bullish. That happened to XRP yesterday and I called it’s 8% breakout to $2.31. It is highly likely that will happen to $TEL. #Telcoin needs to take the $0.0063 Resistance and flip it back to support. The BEAR Scenario would be coming close to the $0.0045 triangle bottom support. When looking at the Bitcoin Liquidation Heatmap on Coinglass we can see that BTC has liquidity down at $93.3k down to $92k. This is important because that would be the BEAR scenario for #Telcoin right now. However. Bitcoin has much more liquidity at $96k so based on the market sentiment and end of the holidays, I believe we will go to $96k to eat up the leverage short liquidity. This will continue Telcoin’s momentum on the breakout to the upside. That may happen if #BITCOIN 50MA has turned slightly bullish. If this continues over the next 12 hours we will see a bullish Golden Cross between the 100MA and the 50MA. 1️⃣Aroon Indicator: Determines if in trend or consolidation. Hourly - 🟩Strong Uptrend 2️⃣50/100 Day Moving Average Cross: Signals sustained trend strength and support. Hourly - 🟩Break Above 100 MA is bullish, 50 MA is clawing its way towards Golden Cross 3️⃣On Balance Volume (OBV) Tracks buying/selling pressure accumulation. Hourly - 🟩FLIPPED BULLISH 4️⃣Supertrend Indicator: Provides clear buy/sell signals. Hourly - 🟩BUY Recommendation 5 hours ago 5️⃣Larry Williams VIX FIX Market Bottom Indicator: Identifies potential reversal points. Hourly - 🟩Said the bottom was 12 hours ago 6️⃣Relative Strength Index (RSI): Highlights overbought/oversold conditions. Hourly - 🟩OVERBOUGHT 7️⃣Average Directional Index (ADX): Measures the strength of the trend. Hourly - 🟩STRONG UPTREND 8️⃣MACD: Helps identify trends and momentum Hourly - 🟩STRONG BULLISH My Jan #Telcoin Target is $0.03 My late 2025 TEL target is $0.55