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๐Ÿ“ˆ Daily TA: Telos (TLOS/USD) | 07-10-2021

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cryptospa
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Hodl, dear members of LeoFinance!

Today I would like to comment on the price chart of Telos.

In the weekly chart (1W), TLOS/USD has formed a Bullish Engulfing (typical trend reversal pattern): So, it seems that in the weekly chart TLOS/USD is resuming the uptrend.

Interestingly, the 1-hour chart (1H) confirms the uptrend renewal as well:
As can be seen from the chart, there is a Bullish Flag (common trend continuation pattern) on the chart. The price has exited the flag in the upward direction. So, it is highly probable that this is the beginning of the uptrend renewal. In this case, we have a bullish signal confirmed on the weekly chart and the 1-hour chart.

To be continued ...

As of the time of writing, one TLOS costs $0,9310 on the KuCoin crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

Check @crypto-guides to learn about the essentials of the major cryptocurrencies.

Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531 Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMWto comment on the price chart of Telos.

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