TWT Weekly Analysis Jan 24

TWT closed the week at $0.86 with a 1.51% drop, maintaining its downtrend structure; while the market seeks accumulation signals, critical supports are being tested at $0.8332, Bitcoin’s bearish supertrend is creating pressure on altcoins.

TWT in the Weekly Market Summary

TWT traded in a narrow $0.86-$0.89 range last week, experiencing a 1.51% loss. Volume profile remained low at the $3.47M level, momentum RSI at 41.38 in the neutral-bearish zone. MACD shows a negative histogram and short-term bearish bias prevails as long as price stays below EMA20 ($0.90). Market structure is in a consolidation phase within the overall downtrend; for position traders, the question of accumulation or distribution is forefront. In the macro context, Bitcoin’s downtrend is limiting altcoins, while a long-term trend breakout is expected in TWT’s own cycle. This week, follow the TWT detailed spot analysis and TWT futures market data.

Trend Structure and Market Phases

Long-Term Trend Analysis

The long-term trend structure shows a clear downtrend character; higher timeframes (1W/1M) continue with lower highs and lower lows formation. The bearish bias remains intact as long as price stays below the main trend filter at $0.98 resistance. According to Wyckoff methodology, signals for transition from markdown phase to re-accumulation are weak; although trend momentum has decreased with volume decline in recent weeks, there is no structural breakout. From a portfolio manager perspective, TWT’s cycle position is in the secondary test phase after distribution; $1.1558 upside objective looks distant, while $0.5862 downside risk is more realistic. Market structure suggests downtrend remains intact as long as $0.8960 resistance holds.

Accumulation/Distribution Analysis

Last week’s narrow range ($0.86-$0.89) shows accumulation phase characteristics, but emerging distribution patterns with low volume and bearish MACD. In the volume profile, the high-volume node around $0.8614 acts as support, but a break below $0.8332 major support could trigger a selling climax. RSI at 41.38 shows no divergence, not oversold; this sets the stage for prolonged consolidation or new lows. In the altcoin cycle, TWT seeks opportunities at smart money accumulation levels ($0.8332), while retail distribution was observed at $0.8643. Strategically, volume increase and higher low are needed for accumulation confirmation.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, TWT is trying to hold above $0.8614 support; out of 9 strong levels, there is 2 support/2 resistance confluence on 1D. Price is below EMA20, MACD confirms bearish cross. Key inflection point at $0.8643; upside breakout brings short-covering, downside brings momentum loss. RSI neutral, but Stochastic approaching oversold – bounce potential if daily close stays above $0.8332.

Weekly Chart View

On the weekly chart, downtrend dominant; $0.8960 and $0.98 resistances strong confluence (3R on 1W). Major support $0.8332 (71/100 score) aligns with weekly lows. Trend remains intact as long as weekly close below $0.8643; upside requires $0.98 breakout. Multi-TF confluence shows bearish tilt – position traders should watch weekly pivots. Follow general market context for TWT and other analyses.

Critical Decision Points

Key levels to determine market direction: Major Support $0.8332 (71/100, confluence 3D/1W), $0.8614 (64/100). Major Resistance $0.8643 (70/100, immediate hurdle), $0.8960 (70/100), $0.98 (trend filter). Breakdown below $0.8332 opens $0.5862 downside; breakout above $0.8960 targets $1.1558. Strategic R/R: Upside 34% potential vs downside 32% risk ($0.86 base). Watch: BTC dominance and TWT volume spikes.

Weekly Strategy Recommendation

In Upside Case

If $0.8643 breakout and weekly close above $0.8960 confirms, long position: Initial target $1.1558, stop-loss below $0.8332. Confluence: Add if RSI >50, MACD histogram turns positive. Position size %2-3 risk, target R/R 1:2+. BTC above $89,608 required for altcoin rally.

In Downside Case

$0.8614 breakdown and close below $0.8332 offers short opportunity: Target $0.5862, stop above $0.8960. Bearish confirmation: Lower low with decreasing volume. Risk %1-2, supported by BTC downtrend. Avoid overleverage, check TWT futures market data for futures.

Bitcoin Correlation

TWT highly correlated with BTC (%0.85+); BTC in downtrend at $89,551, supertrend bearish – caution for altcoins. If BTC key supports $88,362/$86,569 break, TWT $0.8332 test accelerates. BTC resistances above $89,608/$91,095 breakout gives lift to TWT, paving way to $0.8960. Dominance increase triggers TWT distribution; if BTC stabilizes, TWT remains range-bound.

Conclusion: Key Points for Next Week

Next week focus: Does $0.8332 support hold or break? $0.8643 resistance retest. BTC below $88,362 cascade risk, above $91,095 relief rally. Watch volume increase and RSI divergence; if downtrend intact, patience, action on breakouts. Position traders keep macro cycle forefront – early longs risky.