TRX is the teet while BTT and WINK is the baby sucking from the teet. I believe TRX needs to pump first before BTT and WINK move up against it. Doesn't mean BTT and WINK will not go up in USD but I think a massive move is coming for TRX. We have gotten rejected from the 0.236 fib extension but we made a third higher low from the alleged bottom. We may move up and test the 0.382 fib extension but there is a resistance level at 0.027 TRX and I believe we don't have enough bounce or green volume to break that confluence yet. We are also oversold on the RSI but we could see another push up to the 0.382 fib level and still make a lower high on the rsi and give us some bearish divergence before going lower. If we can close a few candles above 0.027 TRX then my perspective will shift bullsih.
G*d bless
G*d bless
Comment:
The uptrend appears to have been broken. I am expecting a new low to be made btt/trx
Comment:
Although we broke back above the trendline in a nice pump we have found resistance at the .236 fib level and tentatively double topped. Because this analysis is using the 4 hr time frame, the trends are not as predictable and a lot of things can change. Although we have resistance at .236 fib level and double topped, we are still making higher lows. If we break the white trendline again I would be confident in a drop again and making the new low I predicted earlier. If we can find support on that white line and make a new high that would be nice but until we have some closes above the 0.382 fib level, I wouldn't feel comfortable longing this pair.
