I see now on the 4 hour chart preparations to break higher again.
I got a question from a follower, why is the third target so high?
well, that is the more longer term target, and for sure it can go up and down before reaching that.
After the latest developments, I could see the new market structure and draw a new intermediary target, between target 2 and 3.
here as usually you can take more profits.
BTC can always spoil the game, so be careful.
You can read my initial call below the line.
Enjoy and let me know if you have questions!
Thanks for your likes and follows!
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I have somewhat mixed feelings about TRXBTC . The concept behind it evolves around the entertainment world. The guy in charge with TRON seems to be very good at marketing. He promises lots of partnerships with big names in the industry.
I'm not so strong about entertainment business, but I know this is a billion dollar market, obscene amounts of money, so objectively speaking TRON might succeed and even go places up high if, and it's an important IF, they deliver on their promises.
Looking at the 4 hour chart, TRXBTC looks very establishing already a strong upward channel.
we do however need to first break the old ATH -1.57% at 430 , marked target 1, which seems a bit tough to break. before talking about a strong move upwards to target 2 and 3.
this should be an interesting chart and evolution, since it seems it's very much depending on the tweets of the guy running the show, Justin Sun. he is announcing daily big names to his followers.