TRX 2 hour chart, possible scenario for the next day or so
Notice MACD bearish crossover with some real steam/steepness
Selling volume is pretty high
TRX fighting to break through any resistance levels above in pink AND the green down wedge
Green uptrend arrow is possible, but not likely, and will take some serious momentum to break through which TRX will meet heavy resistance in baby blue
Possible short scenario here but be careful, TRX main net just launched hours ago and uncertainty is in there. Hoping to see a big bounce at the 1st target support line but if we break that 2nd target expect some violent selling.
We'll see how today plays out!
-Miggles
Notice MACD bearish crossover with some real steam/steepness
Selling volume is pretty high
TRX fighting to break through any resistance levels above in pink AND the green down wedge
Green uptrend arrow is possible, but not likely, and will take some serious momentum to break through which TRX will meet heavy resistance in baby blue
Possible short scenario here but be careful, TRX main net just launched hours ago and uncertainty is in there. Hoping to see a big bounce at the 1st target support line but if we break that 2nd target expect some violent selling.
We'll see how today plays out!
-Miggles
possible scenario although will take a strong push to get through that yellow area at a couple different resistance points