Everyone wants to hear about Tron, mon. Well, they did....
Go easy on me as this is my first posted idea. I tried to use some elementary TA with some FA regarding the March 31 events that many feel will propel the coin.
While the base of the triangle has been breached(thick horizontal green line) it has not yet had a candle close below it. Though this seems to be a positive, the decreasing volume is becoming more and more of a concern as with each low, there is less confidence that this coin is really going anywhere.
If this doesn't hold and candles start closing underneath, I would expect to look near the 290 mark for the next support. TRX double topped around here before it took off like a bat out of Hell in late December.
If candles close above the descending red line, my targets would be below.
T1: 515
T2: 635
T3:975
I read this disclaimer quite a bit so here goes:
This is not financial advice and simply an idea for fun.
While the base of the triangle has been breached(thick horizontal green line) it has not yet had a candle close below it. Though this seems to be a positive, the decreasing volume is becoming more and more of a concern as with each low, there is less confidence that this coin is really going anywhere.
If this doesn't hold and candles start closing underneath, I would expect to look near the 290 mark for the next support. TRX double topped around here before it took off like a bat out of Hell in late December.
If candles close above the descending red line, my targets would be below.
T1: 515
T2: 635
T3:975
I read this disclaimer quite a bit so here goes:
This is not financial advice and simply an idea for fun.
Comment:
Potential fractals occurring each time bouncing off the green line. The last two times the same spike occurred (to a smaller degree each time) and then a brief retrace before peaking at the red trend line. Based on that we may see a retrace to about 390 or so before a spike potential to 450. Decisions will be made them if we fall back to the lush green grass yet again.
Order cancelled:
Looks to be more of a descending wedge than a flat floor. Will work on an updated descending wedge chart with the same FA leading to the late March TRX news.