Indicators
4H & 1H RSI shows that TRB/USDT is looking to break 50s level after ending a small bearish pattern three days ago as graph shows strong support in that area.
MA CROSS (50,100) lines are about to confirm a bullish cross after almost three weeks in 4h & in the 1H chart bullish cross is just running but facing sideways daily crosses.
ADX (4H) on DMI below 20 which often indicates "non-existent trend" and reached a line resistance between 14-15 points, bearish for now. DMI+ (4H) battling trend reversal with DMI- with no trend power from ADX.
Pattern
(4H) Measured Move Up (1H, 30 min) Bullish Symmetrical Triangle Break
Conclusion
Conclusion
Trade set up based on short term support @38.00 as well as a 12-day bullish trend. Price just bull broke the triangle pattern and confirmed by bouncing off midterm bearish trend line. As it holds up, target is to find profit off this breakout of the overall bearish momentum in the crypto market. Profit targets were set up based on the Long Position tool upon the already marked support and resistance prices. Entry Level must be from a lower price range to gain short term RSI strength to then proceed to first target just discussed. The four profit targets shall go to 7% while max downside is 3%.
4H & 1H RSI shows that TRB/USDT is looking to break 50s level after ending a small bearish pattern three days ago as graph shows strong support in that area.
MA CROSS (50,100) lines are about to confirm a bullish cross after almost three weeks in 4h & in the 1H chart bullish cross is just running but facing sideways daily crosses.
ADX (4H) on DMI below 20 which often indicates "non-existent trend" and reached a line resistance between 14-15 points, bearish for now. DMI+ (4H) battling trend reversal with DMI- with no trend power from ADX.
Pattern
(4H) Measured Move Up (1H, 30 min) Bullish Symmetrical Triangle Break
Conclusion
Conclusion
Trade set up based on short term support @38.00 as well as a 12-day bullish trend. Price just bull broke the triangle pattern and confirmed by bouncing off midterm bearish trend line. As it holds up, target is to find profit off this breakout of the overall bearish momentum in the crypto market. Profit targets were set up based on the Long Position tool upon the already marked support and resistance prices. Entry Level must be from a lower price range to gain short term RSI strength to then proceed to first target just discussed. The four profit targets shall go to 7% while max downside is 3%.
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