So, I've learned a ton over the past 3 months while reading all of the great, average, awful, and everything else in between charts that have been posted here on Tradeview. Despite this knowledge crunch I am still an amateur with ideas that sometimes work and sometimes do not. My last was pretty ON POINT tho. Targets were a bit off, but I SAID I'M NEW TO THIS!
Anyway, here's the long and skinny. I'm not a pro so I can't show the 12 hour Stochastic RSI...BUT I WANT TO!!!
There is a 12345 - followed by an ABC retrace in the Stochastic which is now completely on the floor and starting to curl in that 12 hour. Take a look!
With that being said, I know a lot of people have the floor set to 395 sats on this retrace. That may be true. But i'm here to tell you i disagree...for now.
In the meantime, there are head and shoulders pattern seekers all over the place. Put the head and shoulders away. If i charted correctly the only reason anyone should fear a TRX head and shoulders is if it spikes back to 540 before retracing to the neckline around 425...FEAR NOT THE H&S.
Tron proved (despite it being a lot of "buy the rumor" that an alt can have extended success in Bitcoins suffering (albeit no gains on the USD!!)
DYOR, Keep your eyes open, and hopefully, enjoy the month of April as I expect it to be very strong for Tron and many other coins.
-Cheers
Anyway, here's the long and skinny. I'm not a pro so I can't show the 12 hour Stochastic RSI...BUT I WANT TO!!!
There is a 12345 - followed by an ABC retrace in the Stochastic which is now completely on the floor and starting to curl in that 12 hour. Take a look!
With that being said, I know a lot of people have the floor set to 395 sats on this retrace. That may be true. But i'm here to tell you i disagree...for now.
In the meantime, there are head and shoulders pattern seekers all over the place. Put the head and shoulders away. If i charted correctly the only reason anyone should fear a TRX head and shoulders is if it spikes back to 540 before retracing to the neckline around 425...FEAR NOT THE H&S.
Tron proved (despite it being a lot of "buy the rumor" that an alt can have extended success in Bitcoins suffering (albeit no gains on the USD!!)
DYOR, Keep your eyes open, and hopefully, enjoy the month of April as I expect it to be very strong for Tron and many other coins.
-Cheers
Trade closed: stop reached:
sideways wedge broke south...overnight trading has been brutal the past few days.
I would expect this to continue until Tuesday near the 400 sat mark. Look for more trickery with this one but expect the bottom to hit wave 2 somewhere around Tuesday evening if I had to guess.
I would expect this to continue until Tuesday near the 400 sat mark. Look for more trickery with this one but expect the bottom to hit wave 2 somewhere around Tuesday evening if I had to guess.