MontyMacht

Periodicity, Trends, and MA indicate room further south

Short
KRAKEN:TRXUSD   TRON
Taking into consideration the initiation bull of 2018, which was much higher in magnitude, periodicity can be detected using a sine wave . This shows that the decline is not over, which is also very clear through the price action and trend lines . For the latter, 2 triangles are being formed. One extremely inclined to the south from the top (due to the crash), and a narrow one of the last few weeks since the crash slightly pointing upwards. The last confines the bull for now, which will further be confined in a few weeks by the major resistance from the downwards trend coming from the peak of the last bubble. The alligator (shown by the 3 MAs) is opening his teeth downwards and the last crossing is due, which may come only after the coming pull up us over. As we move down the last MA, the path would be free for a pull back down to 0.03 perhaps. There's a room for a minor bull up to 0.08 before that.
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