Tron TRX breakout for the falling trend line or stay under it
Hello people,
THIS IS NOT AN INVESTMENT ADVICE, its only my ideas
Trx started the falling trend line on 30 Apr 2018
First breakout (A) 19 may
Second breakout (B) 19 Jun
Third breakout (C) 14 Jul
Breakouts were above 10% and under 15% in prices, except the first breakout (A) which was around 16%, but at that time the marketcap for cryptos was around 370 Billion.
The whole market needs a great push to see some improvement not only for Trx, but for all coins.
As long as Trx is moving under the falling trend line (Yellow line) we wont not see any huge jumps, Keep your eyes on this line, If we break it then we can see at least 10% jump for trx
Please like if you find in helpful
Best of luck
THIS IS NOT AN INVESTMENT ADVICE, its only my ideas
Trx started the falling trend line on 30 Apr 2018
First breakout (A) 19 may
Second breakout (B) 19 Jun
Third breakout (C) 14 Jul
Breakouts were above 10% and under 15% in prices, except the first breakout (A) which was around 16%, but at that time the marketcap for cryptos was around 370 Billion.
The whole market needs a great push to see some improvement not only for Trx, but for all coins.
As long as Trx is moving under the falling trend line (Yellow line) we wont not see any huge jumps, Keep your eyes on this line, If we break it then we can see at least 10% jump for trx
Please like if you find in helpful
Best of luck
Comment:
I got many messages saying how stupid I am for my analysis.
The best way to answer these people is to remind them of this chart.
We've completely broke the down trend and I advised to buy anywhere above it and wait till we break 340 and buy more.
and this was exactly what happened
people who bought at 335 (like me) are already taking profits.
keep watching because if we didn't break 355 resistance, prices are gonna fall down back to 320. and if we broke 355, we will see prices around 420
The best way to answer these people is to remind them of this chart.
We've completely broke the down trend and I advised to buy anywhere above it and wait till we break 340 and buy more.
and this was exactly what happened
people who bought at 335 (like me) are already taking profits.
keep watching because if we didn't break 355 resistance, prices are gonna fall down back to 320. and if we broke 355, we will see prices around 420
a small push towards 340 and we will see some great movements