On the 4 hs, TRX double top
, with SMA
nearing a cross to a bear territory, volume
decreasing, however in a trend wedge
with favor the bulls and some big long positions sitting on the order book have been notice today. TRX
is moving in a wedge
formation at the moment, as said that this could mean continuation above the 200ma, but I have mix signals about it...
I think by the time TRX
maybe is ready for a bullish
continuation move, BTC
will fall further pulling it below the 200ma in the next 6-48hs.
I deep below the 765 resistance would invalidate a trend continuation IMO
, we will see it soon.