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Today’s report will include:
TRUMPCOIN Technical Analysis
Market Psychology
Trading Tools
The Bump and Run Pattern
TRUMPCOIN is confirming a potential Bump and Run pattern, a technical analysis tool used to predict potential price reversals in a trend. The confirmation will be a break of the Bearish Resistance line for strong Bullish Expansion.
The Bump and Run pattern has the following characteristics.
Lead-IN Phase
Bump Phase
Bullish Expansion Phase
The lead-in phase is characterised by a gentle trend that forms the pattern's base; the bump phase is where the price moves above resistance, hinting a change in the trend ; and the Bullish Expansion phase is where price increases to the next resistance, in this case it is the .618 Fibonacci and Daily Resistance.
Overall, confirmation of the pattern is crucial, often requiring price to break above resistance with increasing volume. The immediate objective for TRUMPCOIN will be the overlying resistance, this will be about a 60% move from current prices.
Hope this analysis helps.
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