looks to be almost done with retrace. If BTC starts running up I expect this to go down. Currently they are following similar patters though. Large Bitcoin moves always affects alts in my observation. But this appears to be a good entry point for the next level. Would love to read thoughts and critique on this chart!
Orange and white candles are BTC, green and red is TRX.
Orange and white candles are BTC, green and red is TRX.
Comment:
Still holding fibonacci levels. Testing support. MACD and RSI look good right now.
Comment:
4 hour candle done, testing resistance levels. Previous support acting as resistance around 1530/1550 Satoshis. If we break that and the 1.618 line on the smallest Fibonacci box, we'll at the very least hit 1800 Satoshis. 1600 Satoshis could be a resistance level before then however.
Comment:
BTC up, TRX gonna go down.