Telcoin is a decentralized financial platform owned by active Telcoin users, Mobile Network Operators, and Mobile Fintech companies. Telcoin aims to provide every mobile phone user in the world with access to fast and affordable, user-owned financial products that are far superior to conventional banking, by aligning telecoms around a decentralized financial platform. Let us look at the technical analysis of TEL.
<h2><b>Past Performance</b></h2>
2021 has been graceful for TEL. In the last 24 hours, there is an increase of 17.11% in the price of the TEL. Moreover, TEL has been investors' favorite for <a href="https://www.cryptoknowmics.com/news/tel-technical-analysis-while-trading-is-flat-expectation-of-bullish-signals-to-pick-up/">quite some time now</a>. The current price is $0.027<b><i>. </i></b>On the 22nd of August, the price reached an all-time high of $0.026<b><i>. </i></b>

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/n/n8z9nwoX.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/n8z9nwoX/">https://www.tradingview.com/x/n8z9nwoX/</a>
<h2><b>TEL Technical Analysis
</b></h2>
Currently, the <strong>RSI</strong> is crossing the overbought region, touching the mark of 72.40%. After the support of 47.77%, the RSI has constantly moved upwards. Suggesting the buying pressures are very high. We can expect a further increase and RSI to enter the overbought region.

<strong>MACD and EMA lines</strong> are above the range zero, indicating a positive market and suggesting a buy. MACD and EMA were closely rallying for a while, but MACD can be seen moving upwards, suggesting the buying pressures have overtaken the market.

On the daily chart, the <strong>OBV</strong> is upward sloping, indicating that there is an inclination of investors' interest towards TEL.
<h2><b>Day-Ahead and Tomorrow</b></h2>
The current price is above the pivot point of $0.024. The current price is above the <strong>resistance level 1</strong> of $0.026 and below the <strong>resistance level 2</strong> of $0.028. The traders can wait at the current price as we can expect the price to test and break down but if the buying pressures continue the price will resist the rejection and break out. If the price breaks downwards it will try to find support at $0.022, $0.0217, $0.019 between these levels the traders can go short.

The market seems very bullish as there is prevailing buying pressure and all-time high prices. We could expect the bullish trend to remain for tomorrow as well.

TEL Technical Analysis: Price Is Above the Pivot Point of $0.024, Watch Resistance Levels of $0.026 and $0.028

The traders can wait in TEL at the current price as we can expect the price to test and break down but if the buying pressures continue the price will resist the rejection and break out. If the price breaks downwards it will try to find support at $0.022 , $0.0217,$0.019 between these levels the traders can go short.The market seems very bullish as there is prevailing buying pressures and all time high prices. We could expect the bullish trend to remain for tomorrow as well.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

TEL Technical Analysis: Price Is Above the Pivot Point of $0.024, Watch Resistance Levels of $0.026 and $0.028

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