Will be able to escape from this triangle only after April-2020
What I see on TRX BTC daily chart at around 330 sat, price at the time I am writing, is that we are kissing the key level support of a symmetric triangle being trapping the price since December 2017 and that, considering the neckline (support and resistance) already tested, could let the price escape only on April 2020.
A possible trading strategy for this token, if you wish accumulating some extra BTC during the next few months, could potentially be based on longing the support neckline (I repeat has been almost kissed at the time of writing) - always taking care of stoplossing in case we should experience a failure - and then liquidating some position near the resistance.
As always, take care of 50 and 100 MA, which doesn't look so healthy at the moment, but that could bring some extra FOMO in case we should breakout and draw some higher highs / higher lows.
>>>>>> NO FINANCIAL ADVISE <<<<<<
All the best, and good luck!
Vito
A possible trading strategy for this token, if you wish accumulating some extra BTC during the next few months, could potentially be based on longing the support neckline (I repeat has been almost kissed at the time of writing) - always taking care of stoplossing in case we should experience a failure - and then liquidating some position near the resistance.
As always, take care of 50 and 100 MA, which doesn't look so healthy at the moment, but that could bring some extra FOMO in case we should breakout and draw some higher highs / higher lows.
>>>>>> NO FINANCIAL ADVISE <<<<<<
All the best, and good luck!
Vito