Looks like TRX:ETH Has hit the Mid December trendline. Before the big price boom.
It does tend to notice the line and has bounced off it a few times, currently testing it now after a brief consolidation.
I'm wondering if it breaks lower, too far low (into that blue box), then it might be headed for the earlier trendline, the one that began early December.
I'm going to wait for a stronger signal about where TRX is headed. If your current hodl TRX position is above the current price, it might be worth averaging in a little lower now, keeping an eye on it and then averaging down again if it is headed for earlier trendline.
Good luck everyone. Love how much Tronix Has such an excited following. Keep it up!
And if you're looking to increase holdings, this all looks great.
It does tend to notice the line and has bounced off it a few times, currently testing it now after a brief consolidation.
I'm wondering if it breaks lower, too far low (into that blue box), then it might be headed for the earlier trendline, the one that began early December.
I'm going to wait for a stronger signal about where TRX is headed. If your current hodl TRX position is above the current price, it might be worth averaging in a little lower now, keeping an eye on it and then averaging down again if it is headed for earlier trendline.
Good luck everyone. Love how much Tronix Has such an excited following. Keep it up!
And if you're looking to increase holdings, this all looks great.
Comment:
Also worth noting that the EMA 50 is below the EMA 200...
Comment:
TRX:ETH dipped significantly below first supporting trendline overnight. I'm actually blaming all of this on the recent bull trend in ETH:USD. Looks similar on XRP, and XLM. Probably others.
All bets are off until ETH consolidates, and TRX gets a chance to move more freely.
i.imgur.com/bCDXo5S.png
All bets are off until ETH consolidates, and TRX gets a chance to move more freely.
i.imgur.com/bCDXo5S.png