TheSignalyst

TRX - Potential Bullish Reversal!

Long
BINANCE:TRXUSDT   TRON / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

TRX is sitting around strong weekly demand in green so we will be looking for buy setups.

on H4: TRX formed a valid inverse head and shoulders pattern but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the neckline in gray to buy.

Meanwhile, until the buy is activated, TRX would be overall bearish can still trade lower. In this case, we will be looking for new buy setups as price approaches the green zone again.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Best post!Thanks a lot
+1 Reply
TheSignalyst Helical_Trades
@Helical_Trades, thank you brother Helical
Reply
I always appreaciate your input on TRXUSDT
Well done
+1 Reply
@SignalProvider my pleasure brother
Reply
Bravo
awesome chart and idea
+1 Reply
@T_V_TreeTrader thank you TreeTrader for your amazing support
Reply
Well done mate!
+1 Reply
@Mahtab_Tradia thank you Mahtabb
Reply
It is very optimistic !!!
+1 Reply
@AmirMhmmd let's see how it goes
Reply