TRX Seems to be respecting the wedge/pennant pattern we have here. The first smaller penant broke down and TRX is in bigger wedge / pennant now. Yesterday TRX went down and I was hoping that we would've broke the pennant for lower values, but TRX respected the 4 hour RSI and made run up. So congratz to those who took this position and made their sells.. I was too greedy not to jump in.. Also following the BTC at the same, which wants to go further down so I was not sure should I jump in or not..
Anyway I see that TRX will again go down to the bottom of the pennant and there could be again good position to jump back in with tight stoploss under the pennant. Again I am saying to keep your eyes open.. especially during the weekend, we will go up or down when we are getting closer to the end of the wedge.
This is not financial advice, only my idea how things are playing out.
Anyway I see that TRX will again go down to the bottom of the pennant and there could be again good position to jump back in with tight stoploss under the pennant. Again I am saying to keep your eyes open.. especially during the weekend, we will go up or down when we are getting closer to the end of the wedge.
This is not financial advice, only my idea how things are playing out.
