The bears tried to drive that price out of this flag pattern but the bulls said NO.
This to me is a very bullsih chart in my opinion. If you guys had played that bounce off the 200 EMA (GOLD) that would have been a very nice profit. Do we have another chance to break out and try to test that 900 sat?
- The price of BTC looks very bearish right now and thats the only thing concerning me about this play. If BTC falls out of that flag on the 4 hr chart I think it will break through the 8350 support with conviction and head down to the 7900 area.
- If the price of BTC can continue fluctuating between 8400-8800 for the next day or two I believe this could be a good play for TRX for another potential breakout.
Target *855 Sats
This to me is a very bullsih chart in my opinion. If you guys had played that bounce off the 200 EMA (GOLD) that would have been a very nice profit. Do we have another chance to break out and try to test that 900 sat?
- The price of BTC looks very bearish right now and thats the only thing concerning me about this play. If BTC falls out of that flag on the 4 hr chart I think it will break through the 8350 support with conviction and head down to the 7900 area.
- If the price of BTC can continue fluctuating between 8400-8800 for the next day or two I believe this could be a good play for TRX for another potential breakout.
Target *855 Sats
Trade active:
TRX played out just as I suspected. Look for a close above my key resistance at 860 for a target of 900