As per S&R Clusters for the time being TRX is trapped under a very strong Resistance Cluster in between $0.025 - 0.032 for about 189 days. As a result: 1st Target DOWN would be: $0.025 2nd on can be : in between $ 0.013 - 0.016 So, the ideal entry would be the second Support Cluster for the weeks to come. Also, Weekly RSI (2) shows negative divergence which is not OK! Let me know what is your idea?
Not a financial advice. For learning purposes only.
hi friend.
I think your analysis missed the fundamentals. The most important fundamental now is that we are in a bull run. right?
so, I suppose this kind of analysis might only work on btc pairs, i.e. trx/btc.
And btw, the descending rsi trend is broken, isn't it? (the arrow head)
I personally think trx will explode in the next few weeks.
Morteza-Emzajerdi
⋅
@darabiabtin, I didn't mean that we are going down now. Yes, it is broken - RSI. I do think so. I have got plenty of TRX.
I think your analysis missed the fundamentals. The most important fundamental now is that we are in a bull run. right?
so, I suppose this kind of analysis might only work on btc pairs, i.e. trx/btc.
And btw, the descending rsi trend is broken, isn't it? (the arrow head)
I personally think trx will explode in the next few weeks.