Crypto Express

07/16 04:55

TURBO’s long-term outlook

TURBO’s weekly chart shows a 90% drawdown from its previous major leg up, effectively placing it at a deep discount.

That correction phase ended with a bullish engulfing candle, which triggered a breakout above the 0.786 Fibonacci level ($0.0035).

Meanwhile, the Chaikin Money Flow was at 0.03, suggesting capital inflow into the crypto as the value was above the neutral level.

This further cemented the prediction, since crypto price movements are all about volume.

However, for this momentum to hold, TURBO must stay above the 0.618 retracement level near $0.006.

A clean close above this zone could open the door to $0.0075. Failure to hold it may result in a drop toward $0.0014, potentially forming a double top at $0.006.

That said, if the current trend of higher highs and higher lows continues, a run to $0.015 remains firmly on the table.

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