ForecastCity
Long

There is a possibility for the beginning of an uptrend in TRXUSD

BITFINEX:TRXUSD   TRON / Dollar
Technical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.021400)
Ending of entry zone (0.018100)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.025000
TP2= @ 0.027650
TP3= @ 0.032170
TP4= @ 0.040500
TP5= @ 0.045200
TP6= @ 0.050600
TP7= @ 0.055750
TP8= @ 0.066290
TP9= @ 0.081300
TP10= @ 0.100410
TP11= Free
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Awesome setup man, lets see how the chart works for you!
Reply

This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome. It's our pleasure.
+1 Reply
Thanks for publishing a great TA. I also think that the beginning of an uptrend in TRXUSD should be expected.
+1 Reply
@fxniki, Thanks for your comment,
+1 Reply
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