$TRUMP is looking weak… and the discount model is becoming interesting.
Price is trading below the resistance zone $1.62–$1.70 and still below the descending trendline and the 200 EMA moving average.
As long as this zone continues to act as resistance, I expect further downside. A breakdown below $1.50 could open the way toward $1.25, with a larger target of $1.00.
Bulls need to reclaim $1.70 to invalidate this bearish pattern. DYOR, NFA
$PIEVERSE — Breakout after months of compression, $1.6 possible within 30 days 📊
Price broke the descending trendline that capped every rally since May, clearing strong support and major resistance (1.00-1.20) on high volume. Currently at $0.8351, up +29.51% today.
Not calling for a fast move, this could take time to play out. But if this breakout holds and structure builds properly, $1.6 is realistically on the table within the next 30 days.
Currently consolidating at a support level right before the brink of the Falling Triangle pattern on the 1D chart. A breakout could trigger a 70-80% price rally in the upcoming sessions ✍️