Is TNT in a good position to buy?

[Lasky366]

TNT/BTC Technical Analysis

Tierion ( TNTBTC ) is looking good long-term, this is the weekly chart.

Here we can see that prices for TNTBTC are trading within a bullish pennant and also a falling wedge , we have multiple signals calling for the end of the retrace, let's take a look at those:

1) Prices retraced just below retracement support.

2) A bullish candlestick pattern formed when support was hit (light blue).

3) Last's week Doji is also a reversal signal.

4) A confirmed uptrend with a strong RSI and MACD also favors bullish strength.

Multiple targets are marked on the chart.


What is your thought about TNT? Don't forget to write down below.

[passwordnow]

It pumped a few days ago and then dropped more than 50%. With the logic that we know of buying low and selling high then it's in the good position of buying.
But, be sure that you know that this coin is actually what you want and you want to trade it. It looks like that you're more in this coin and you include this in your portfolio.

[X-ray]

This is not a good position to buy, the dump is still happening even deeper than yesterday. I guess this is not a safe coin to buy right now. I have been waiting for the recovery signal to happen but it's not yet showed in the market.
It's a very big risk to buy this coin at this moment

[minairia3]

This is not a good position to buy, the dump is still happening even deeper than yesterday. I guess this is not a safe coin to buy right now. I have been waiting for the recovery signal to happen but it's not yet showed in the market.
It's a very big risk to buy this coin at this moment

Based on chart analysis looks like the token is hardly dumped on the past week. Maybe there's a chance to bounce back if the traders perspective will follow through.

Most tokens have their support and resistance and on this set up, we can see a possible pump. Hows the volume on this token? Is this the tnt token I am seeing on Binance? Number of exchanges can also be a factor, like its marketcap and volume traded across different exchange. Not really familiar with this token but only stating my speculation through this chart.

[Ifra24]

What is your thought about TNT? Don't forget to write down below.[/size]

This is purely my analysis through technical. TF 1D. TNT on 5/5/20 sar line was cut then there was a slight correction. Look at the MACD and RSI lines starting to intersect upwards this sign is starting to bulish and sure enough TNT pum to - + 1330 sat around 120% increase. I think this is a halving effect. And then dump to support around 4390 sat. If see total supply of 1,000,000,000 with a ranking of 131 ,  and market cap $18,890,570. For the long term I think this is still a basic price so it's still good.

Note: All decisions in your hands. This is purely my analysis, all adverse effects I am not responsible.