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TRXUSD: 4hr Ascending Triangle & Weekly Sequential 9

Long
TRON (BINANCE:TRXUSD)  
dragononcrypto Updated   
BINANCE:TRXUSD   TRON
Trend Analysis Chart Patterns Technical Indicators TRON Tron Ascending Triangle bullishbreakout tdsequential
8
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trendanalysis chartpattern indicator tron trxusd ascendingtriangle bullishbreakout tdsequential
Tron looking bullish and trying to break out of its ascending triangle as well as 200 MA, similar to ETH, LTC and BCH. It's tempting to take the trade above the Sequential 9 at 0.01675 when the weekly candle would flip green, similar to ETH in this sense which played out well. However the setup is only 1.5 reward ration on the 4 hr, so will wait for a better setup on the weekly (or potentially the Daily).

Similar to the altcoin market the Weekly Sequential 9 is a doji reversal candle:

Altcoins Bouncing From 200 Week MA after TD Sequential 9

BTC Dominance is otherwise starting breaking down since Ethereum's run up:

BTC Dominance Rising Wedge Theory
Comment:
Yet another perfect pop.

snapshot
Trade closed: target reached:
Would of been a good trade then after all. Probably another coming up soon though.

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Altcoins Market 4hr: Ascending Triangle Turns Rising Wedge
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