Hello there traders - looks like my first chart post took a day or two but came to fruition! I might not be the most accurate yet but I think its equally important to start spotting signs that agree with each other to form a more formidable prediction of trend and price direction.
So I wanted to post this quick zoomed out chart of TRX and the current pullback it is undergoing currently. Many of the TRX dogs out there are crying their eyes out checking twitter every 3 seconds only to see someone else talking about trx crashing and burning.
Calm down folks it only causes more stress and panic to folks like you and me who are just now getting our feet wet with this crypto babble frontier of the future :)
So the quick chart I have for you now isnt all the signs spotted for today and tomorrow - but maybe within this upcoming week or two. I quickly fanned out some lines that all connect to potential paths that trx might take. All of these lines connect pin point to peaks and pivots TRX has had since the great fomo of winter's past ... LOL
connect all the dots and observe... speculate... pray...
we can see that there are several potential trend lines that come into play here and they are all mostly bullish (upward). Ive labeled the points to watch out for % wise for this swing high and low retrace we are currently undergoing. As of right now it looks like we have retraced 50 percent and touched it PERFECTLY.
Now as to whether we are just forming a path up to make a lower high than a few days ago is to be seen. But if in fact we are forming a giant bull flag currently - the measured move puts us having to smash through our recent high into the shaded box above (measured move touches it like an artist on canvas. ) So be paying attention and dont give up on trx yet..
actually - you shouldnt give up on trx at all... for several years to be in fact... I think this is only the tip of the ice burg for the J. Sun project. The Chinese jump at the chance to keep things like NEO and soon to be TRX at an "in house" standard and will eat its transaction capabilities for breakfast... ***this is a good thing bythe way - fudders dont get too excited**
thanks guys.. remember - observe observe observe - find patterns.. learn your asses off. for we will need these tools when the next big wave comes like some of us have never seen before.
*few options trx might take - and one of them could always be down so remember we might have more pullback to go - one possibility is pulling back to 780 or further
So I wanted to post this quick zoomed out chart of TRX and the current pullback it is undergoing currently. Many of the TRX dogs out there are crying their eyes out checking twitter every 3 seconds only to see someone else talking about trx crashing and burning.
Calm down folks it only causes more stress and panic to folks like you and me who are just now getting our feet wet with this crypto babble frontier of the future :)
So the quick chart I have for you now isnt all the signs spotted for today and tomorrow - but maybe within this upcoming week or two. I quickly fanned out some lines that all connect to potential paths that trx might take. All of these lines connect pin point to peaks and pivots TRX has had since the great fomo of winter's past ... LOL
connect all the dots and observe... speculate... pray...
we can see that there are several potential trend lines that come into play here and they are all mostly bullish (upward). Ive labeled the points to watch out for % wise for this swing high and low retrace we are currently undergoing. As of right now it looks like we have retraced 50 percent and touched it PERFECTLY.
Now as to whether we are just forming a path up to make a lower high than a few days ago is to be seen. But if in fact we are forming a giant bull flag currently - the measured move puts us having to smash through our recent high into the shaded box above (measured move touches it like an artist on canvas. ) So be paying attention and dont give up on trx yet..
actually - you shouldnt give up on trx at all... for several years to be in fact... I think this is only the tip of the ice burg for the J. Sun project. The Chinese jump at the chance to keep things like NEO and soon to be TRX at an "in house" standard and will eat its transaction capabilities for breakfast... ***this is a good thing bythe way - fudders dont get too excited**
thanks guys.. remember - observe observe observe - find patterns.. learn your asses off. for we will need these tools when the next big wave comes like some of us have never seen before.
*few options trx might take - and one of them could always be down so remember we might have more pullback to go - one possibility is pulling back to 780 or further