Dom

Just took a look at the $TEL price action from the last bull run, and tried to compare it to the one I belive has just started, and here are some thoughts: After the price broke out of accumulation (green box), three weekly candle closes happened between accumulation range and resistance (red line) before the 4 candle broke it. One could argue that the resistance (red line) I've drawn for the previous bull run is wrong, and most likely should have been drawn from the wicks (purple line). In the last bull run it took ~616 days to break out of accumulation, and this bull run it took ~672 days. That's an increase of ~9%. Note that I've counted days using weekly candles, so data would be more precise if I actually counted these with the daily chart. If we use that percentage and apply it to the candles between accumulation and resistance, that would suggest a resistance break in week 18-19 (29.04.24-12.05.24). Now, I'm not saying this is exactly what's going to happen, but it always amazes me how history repeats itself with cycles. Share and like if you found any value ❤️

~2 weeks since my last update on this $TEL chart, and everything is going as planned so far. If you have seen my pinned monthly chart, then you can see that price is actually further up then I anticipated so far. So maybe I'm just not bullish enough? 🧐 Anyways, I will update the pinned chart after the monthly candle closes. Now back to this chart! I've added some notes on it, but here is a short summary: - Price might get a deeper test of orange level before we continue the uptrend - I'm not expecting us to close on HTF under 0.0025-26 I also want to add that I have an important monthly pivot in April. So cross your fingers and let the bull market do it's thing 🤞🚀 Like & Share if you found any value ❤️