First off. Total disclaimer. This is my first published idea and I'm absolutely not expert so take from it what you will and all constructive criticism and feedback is welcome.
Now that's out the way i think there's some real potential for TRX to push through the 0.04 resistance over the next 7-10 day. There appears to be the beginnings of a handle forming on a monster of a cup starting nearly a year ago. Meanwhile on the short term TRXBTC is approaching serious levels of support with potential to go a little lower where i'm keeping an eye out a bullish divergence forming on the 4hr chart for more definitive signs of a meaningful reversal.
Combine this with the strong possibility that BTC may be on the verge of pushing through the 10K resistance with little else in its path after that and you have the potential for a combination of both coins increasing in parallel could having a significant impact on TRX over the coming couple of weeks.
All of that said there are a lot of maybes in this analysis and it will take a while for this scenario to play out if it does at all.
As i said though this is not advice, just someone looking to learn and inviting a little welcome feedback. Let me know your thoughts. Safe Trading.
Now that's out the way i think there's some real potential for TRX to push through the 0.04 resistance over the next 7-10 day. There appears to be the beginnings of a handle forming on a monster of a cup starting nearly a year ago. Meanwhile on the short term TRXBTC is approaching serious levels of support with potential to go a little lower where i'm keeping an eye out a bullish divergence forming on the 4hr chart for more definitive signs of a meaningful reversal.
Combine this with the strong possibility that BTC may be on the verge of pushing through the 10K resistance with little else in its path after that and you have the potential for a combination of both coins increasing in parallel could having a significant impact on TRX over the coming couple of weeks.
All of that said there are a lot of maybes in this analysis and it will take a while for this scenario to play out if it does at all.
As i said though this is not advice, just someone looking to learn and inviting a little welcome feedback. Let me know your thoughts. Safe Trading.