Okay im looking at Tron again today and as we trace it out from my previous calls we can see the trend line does continue downward towards our current levels. The nice thing is there seems to be a min support line around the 404 level. Look closely and you can see there is a consolidation of some sort beginning There also appear to be a tightening of the CCI levels around the 0-12 mark. I think we could see at least a small push on Tron in the coming hour's. My concerns are the barriers at the previous support levels (highlighted in blue) I could see this pushing back up to 420 IF the 404 support line is indeed a new support formation. if she pushes south this could go as low as the 380s again. Given the recent pushes to 450 there are rooms for profits to be made here. Use your stop losses to minimize the risk and good luck
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Not sure i could have projected this one much better. Triangle hit on point and resistance wall hit as thought as well. hope you guys made a good flip here.
Nice Call. Nailed it. Whats next target? Bounced off 415 pretty hard
olddb
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@milldeter, I think we could see one more up push to try and press the 420 barrier again. Id like to see it move above their for future strength but. I think the trx market is to skiddesh with the whales for that to hold just yet. maybe once more up then hopefully a resettle at 415?
genesislord
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If you think TRX price will always be this...LOL I am happy to acumulate...it will be one of the TOP 5 of 2018...
olddb
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@genesislord, To be honest no one can know for sure but i do think there is room for this to push up some more. the problem with this coin is there are a lot of big whales that constantly flux this coin. I think its volume shows it has a good position but until i see better news on the coins plan its a scalp coin for me.
savenido
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where are we going now
olddb
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@savenido, I'd project several good waves up and down and hope that this coin can push back up above 425. However looking at the resistance at the 415 she may settle back around the 413 mark. I would def play the swings on this one for some small gains.
savenido
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nice call
olddb
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@savenido, Thanks mate!! Its nice to get feedback. I'm trying to expand my views on the tools and market levels. Hopefully i can expand into some of the bigger coins eventually as I establish a better portfolio.