Hi friends
We are now ready, MACD is ready AND RSI says we will not be bearish so far!
Hope everyone who followed my last chart has got an good entry they are happy with when we now choose direction of trx soon.
-We now see clear signs of the sales pressure on MACD begins to dump out on the 12-hour chart, i think this is the last push from the bearish side.
-RSI in 12 hours: Will not fall below the bearish limit 51. I now expect more buying pressure
-RSI in 1 day: Has fallen slightly below the trendline, but is still at 62, this should turn now within 58 if we get enough volume in the next few days.
*Trx must soon decide for direction as we have soon used up the whole triangle, I have also drawn with another scenario I see can happen.
KEEP SAFETY BELTS ON
We are now ready, MACD is ready AND RSI says we will not be bearish so far!
Hope everyone who followed my last chart has got an good entry they are happy with when we now choose direction of trx soon.
-We now see clear signs of the sales pressure on MACD begins to dump out on the 12-hour chart, i think this is the last push from the bearish side.
-RSI in 12 hours: Will not fall below the bearish limit 51. I now expect more buying pressure
-RSI in 1 day: Has fallen slightly below the trendline, but is still at 62, this should turn now within 58 if we get enough volume in the next few days.
*Trx must soon decide for direction as we have soon used up the whole triangle, I have also drawn with another scenario I see can happen.
KEEP SAFETY BELTS ON
Trade active:
This is why i love 4 hours chart, its so easy to predict whats happen, especially when it happens in a healthy way :)
We have now only this change to go to moon, or im out of trx for so long, if we drop below this trend im selling out and buying back at some lower point, stoploss for me now some place around 800.
But like im have told, im bullish so i expect us to go to moon now like every one els, look at what happen the others times we have drop below 20 on rsi on 4 chars.
This is why i love 4 hours chart, its so easy to predict whats happen, especially when it happens in a healthy way :)
We have now only this change to go to moon, or im out of trx for so long, if we drop below this trend im selling out and buying back at some lower point, stoploss for me now some place around 800.
But like im have told, im bullish so i expect us to go to moon now like every one els, look at what happen the others times we have drop below 20 on rsi on 4 chars.
Trade active:
sry wrong chart ,