Hello friends,
I am having hard time believing that TRX is going to bounce off the 100 EMA (even though it looks that way) because of the fact that the H&S pattern was completed and what follows are hungry bears. However patterns in crypto land have proven to fail many times before, yet the H&S pattern is a strong telltale, especially in a bearish market. Just a friendly warning, be careful.
Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
I am having hard time believing that TRX is going to bounce off the 100 EMA (even though it looks that way) because of the fact that the H&S pattern was completed and what follows are hungry bears. However patterns in crypto land have proven to fail many times before, yet the H&S pattern is a strong telltale, especially in a bearish market. Just a friendly warning, be careful.
Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
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Further support is that BTC may
flash crash as well. Known as the "Bart" pattern.
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