thomas58700

Bearish TRX soon to reverse after bear flag

BINANCE:TRXBTC   TRON / Bitcoin
Hello! Tron getting ready to make a move down through the base of the bearflag trendline to our approximate support at 200 sats . Hodlers begin panic selling, and investors begin accumulating for a run up to 550 sats in 2019 as indicated on the cross of the 0.618 fibs (diagonal and horizontal) in the chart above.

Thanks for reading, I'm sure I'll be updating this idea in the future!
Comment: If this move down isn't the case, you can see that the formation also looks like a flat top wedge. Bouncing upward here might lead to a break in the 400 resistance that is holding the price down
Comment: Definitely out of the channel here, aiming for around 220!
Trade closed: target reached
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