Alminc

TRXBTC Analysis

BINANCE:TRXBTC   TRON / Bitcoin
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1
Well here is what I think, we have a major uptrend line that got crossed, for me that is indication of corretion after a huge upwards move. I'm was able to somehow create upper downwards trendline but not lower downwards trendline so I started to look why and why and I now see that we are not going downwars we are going sideways right on 0.618 fib. level... little up, little down but it's moving sideways. I think this is consilidation. I have and upper and lower consilidation trendline . Watch out if it breaks either upper or lower as that is where we will go. You can also see that we are moving sideways on bband too... We are overbought on daily chart but there could be another or 2 punch left in TRX before we start on real correction.

PS! I'm not finincial advicor... Half time I don't even know what I'm doing... So don't take my words seriosly :)

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