Hello, dear TradingView members.
This idea is a TRB analysis.
TRB pumped more than 16% today, and it's the second time this week that it has tried to break that resistance level.
The price is moving above the upper Bollinger Band, which causes weakness, and sends overbought signals.
However, RSI tells us the market still has room to go higher, which makes two scenarios possible for the near future.
Scenario one:
A breakout:
The price will either pump now or move to resistance levels after getting more support and buy volumes.
Scenario two:
A fake-out:
The price will fall after being around the resistance zone for a while.
The Bollinger Bands are broad, and I used them to show the resistance and support levels. Not entirely accurate, but still practical.
The Speedometer indicator shows Buy volumes on the market for TRB on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is a TRB analysis.
TRB pumped more than 16% today, and it's the second time this week that it has tried to break that resistance level.
The price is moving above the upper Bollinger Band, which causes weakness, and sends overbought signals.
However, RSI tells us the market still has room to go higher, which makes two scenarios possible for the near future.
Scenario one:
A breakout:
The price will either pump now or move to resistance levels after getting more support and buy volumes.
Scenario two:
A fake-out:
The price will fall after being around the resistance zone for a while.
The Bollinger Bands are broad, and I used them to show the resistance and support levels. Not entirely accurate, but still practical.
The Speedometer indicator shows Buy volumes on the market for TRB on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
Trade closed: target reached:
Asset pumped and the price got rejected by resistance.
