InvestingScope
Short

Lower High rejection on 1W Channel Down. Pending support test.

BITFINEX:TRXUSD   TRON / Dollar
TRON rose after completing the 1D H&S pattern but was emphatically rejected at 0.02600 making a Lower High on the 1W Channel Down ( RSI = 44.311, MACD = -0.005, Highs/Lows = -0.0042, B/BP = -0.0130). This indicates that the selling pressure is strong and after every dip, buyers rush to take their profit earlier each time. At the same time they feel comfortable buying above the 0.01600 Support and that is the fundamental reason for which it needs to be broken. We remain short on TRXUSD with TP = 0.01410 (December 16, 2017 low).
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bitcoin midterm overview that everyone must see
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InJayWeTrust vickydaswani
@vickydaswani, Why you showing us btc charts on a trx chart. 2 different ballparks.
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vickydaswani InJayWeTrust
@InJayWeTrust, sorry if you didnt like it , anyways everything now is correlated to btc
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InJayWeTrust vickydaswani
@vickydaswani, lol not for long. those days are almost over with.
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bruh i already told you. it wasnt a head and shoulders lol
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