Tron has been an excellent leverage trade over the past week. So many good opportunities. The recent dump of Bitcoin gives us perfect buying opportunities on many of our favorite alt-coins, and Tron is no exception.
Using Tom Demark Sequential, we can see that we are currently on an 8 of 9 count on the daily chart. This gives us a strong signal that the current bearish movement is nearly exhausted, momentum downwards is stalling as we can see by reviewing price action.
Trend Analysis shows us that if we do reverse here, it would be a third higher low and we have a recent history of two higher highs to give us a nice channel to trade in. Pairing this with Pivot Points lets us dial our targets in even more.
My order is not in yet. I am waiting for a close above this trend line. It is still possible that we dip further, which would even be more optimum because then we could see this Sequential Buy Setup become perfected by posting closes on candles 8 and 9 lower than candles 6 and 7, which would be an even stronger reversal signal.
We can also see that we have congruent Sequential Counts across multiple time frames. We are also on an 8 of 9 Buy Setup on the 12 hour chart.
On the four hour chart we can see that we've just completed a full Buy Countdown, an even stronger reversal indicator brought to us by Tom Demark Sequential.
In Summary:
If price closes above this trend line, and above Pivot S2, I will be entering my long position with a target of 398 satoshis.
If price does not close above this trend line, I will wait for the nine count to be completed and optimally perfected, and enter my long on the first trade above the nine candle's true high.
Using Tom Demark Sequential, we can see that we are currently on an 8 of 9 count on the daily chart. This gives us a strong signal that the current bearish movement is nearly exhausted, momentum downwards is stalling as we can see by reviewing price action.
Trend Analysis shows us that if we do reverse here, it would be a third higher low and we have a recent history of two higher highs to give us a nice channel to trade in. Pairing this with Pivot Points lets us dial our targets in even more.
My order is not in yet. I am waiting for a close above this trend line. It is still possible that we dip further, which would even be more optimum because then we could see this Sequential Buy Setup become perfected by posting closes on candles 8 and 9 lower than candles 6 and 7, which would be an even stronger reversal signal.
We can also see that we have congruent Sequential Counts across multiple time frames. We are also on an 8 of 9 Buy Setup on the 12 hour chart.
On the four hour chart we can see that we've just completed a full Buy Countdown, an even stronger reversal indicator brought to us by Tom Demark Sequential.
In Summary:
If price closes above this trend line, and above Pivot S2, I will be entering my long position with a target of 398 satoshis.
If price does not close above this trend line, I will wait for the nine count to be completed and optimally perfected, and enter my long on the first trade above the nine candle's true high.
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fivemistakes.crackingcryptocurrency.com
Copy Trade Me On Fairdesk - Earn While You Sleep!
www.fairdesk.com/signup?vipCode=CrackingCrypto