Allenvik
Short

TRX due to retest 200ma

BINANCE:TRXBTC   TRON / Bitcoin
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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out