Hello fellows,Hope u all doing well,today i m going to share with u a simple but really nice setup forming on TRXBTC pair. Tron is at currently 11th rank on coinmarketcap.com Proves its rang and presence in market.
In chart we can see Proven area of reversal .where we saw couple of strong upward directions in past, and now from few week to Month Tron is standing at same area And forming clearly Inversed Head & Shoulder Pattern,Though we required strong break through at current level to see price towards our targets. Forming such Pattern on Previously Proven area shows to Potential of that trade Also for confirmation i used MACD which is giving the sign of reversal after long long time,we can see MACD showing negative Range is reduce rapidly (Yellow Line) & converted to Green which really a Bullish sign.
Hence, Pls wait for breakout & ride that trade which may get nice Profit & hope we will get hit our target areas
In chart we can see Proven area of reversal .where we saw couple of strong upward directions in past, and now from few week to Month Tron is standing at same area And forming clearly Inversed Head & Shoulder Pattern,Though we required strong break through at current level to see price towards our targets. Forming such Pattern on Previously Proven area shows to Potential of that trade Also for confirmation i used MACD which is giving the sign of reversal after long long time,we can see MACD showing negative Range is reduce rapidly (Yellow Line) & converted to Green which really a Bullish sign.
Hence, Pls wait for breakout & ride that trade which may get nice Profit & hope we will get hit our target areas
Comment:
Nicely triggered on 4H chart,but we required close above in daily time frame
Comment:
Guys, TRX approaching nice correction after breakout,giving opportunity to enter once again..so pls load some trx here