Okay yesterday is a bit of a bummer. the market decided to counter the turns we were seeing in quite a few coins. Some are chalking this up to WHALES trying to drive down btc to maximize their profits others "THE BUBBLE HAS HIT ahhhhhhhh"........
Call me an optimist but I don't see that as the case unless we are approaching a large scale financial failure across the US. If you glance at the US indexes they are all down and have been since the first of the year. Why do I mention this.. well money is money regardless if its crypto stocks or bonds people will panic and prices will flux. For you this could be an opportunity to maximize gains.
yes we are sitting down at 385 on TRX (at the time of writing), however if you follow the lines and consider the large spike drop an anomaly/panic sell yesterday we can see a stabilization is occurring. If we chart the previous top side we can also see several contact points on the newly charted line Sell order prices have stabilized as well and are not being pressed down. I think we could see a possible up turn in the near future. CCI shows strength as well. I think we could easily see a return above 400. I'd like to see it press to at least 405 but the market is a little shaky If it can then that is a 5% profit. keep your eyes on the resistance line and follow your indicators over the next few hours and lets see what happens.
Call me an optimist but I don't see that as the case unless we are approaching a large scale financial failure across the US. If you glance at the US indexes they are all down and have been since the first of the year. Why do I mention this.. well money is money regardless if its crypto stocks or bonds people will panic and prices will flux. For you this could be an opportunity to maximize gains.
yes we are sitting down at 385 on TRX (at the time of writing), however if you follow the lines and consider the large spike drop an anomaly/panic sell yesterday we can see a stabilization is occurring. If we chart the previous top side we can also see several contact points on the newly charted line Sell order prices have stabilized as well and are not being pressed down. I think we could see a possible up turn in the near future. CCI shows strength as well. I think we could easily see a return above 400. I'd like to see it press to at least 405 but the market is a little shaky If it can then that is a 5% profit. keep your eyes on the resistance line and follow your indicators over the next few hours and lets see what happens.
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For some reason I did not draw the bottom of my triangle and am unsure why. however if you will see that the trajectory of it falls in line with the recent push above the red line. Im not sure if will stay up there but it could continue to push up at this point.
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Keep an eye out guys this one is following that trend line pretty good. It has bounced off the resistance line several times now the cci seems hi so I expect this to come back down as we approach the convergence on this resistance line. if it presses hard below I will have some concerns about this coin near term.
Comment:
recent news of this coins test network and live network coming online the end of this month could bolster this coin be ready for a market flux up and down over the enxt two months.