Both charts are now looking after certain support levels were broken.
TRXH19 on BitMEX was looking , due to a huge green candle that only came up there. Looking at the candle, a huge rejection ensued but the chart signals remained due to its massive size. You can see this chart here:
But there is more:
- When you look at it closer, you can see that this is a manipulation trap, the divergence can be spotted, TRXH19 will be moving down. We will trade it SHORT.
As for TRXBTC , look at the chart above:
- We have 3 higher lows and a brek below EMA10.
- TRX can move as low as EMA50 first or 0.786 of fib. retrace at 620 satoshis. This would be the first stop, it can even go lower.
- The and are and trending down.
In Summary, TRON ( TRXBTC ) is now .
Conditions for change: If the last high can be broken and closen above, 863 satoshis, then this analysis would be invalidated.
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