TRX found a new support and is going between 0.031 and 0.036
Good afternoon friends and followers,
Here is an update of where TRX is at today. As you can see in my previous chart we have been approaching the 100 day EMA and brief history has it as the new support. Anyways... as it looks today, the buy in zone has changed from .0207 to .0215. As the days move on, the EMAs make adjustments as well. So the buy in has changed slightly and seen as measured move within this chart. What you are seeing are references made from extending the 50/100 EMA which in affect has them crossing each other within 6 days or less. The red arrow is is the selling pressure and the green lines are the mark of a new trend with the actual cross over. I would say that this would be a good point to enter long setting stop losses a little lower then the cross over.
Until then, the trend is your friend. Buying on the dip and selling on the hype.
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!
Cheers!
Here is an update of where TRX is at today. As you can see in my previous chart we have been approaching the 100 day EMA and brief history has it as the new support. Anyways... as it looks today, the buy in zone has changed from .0207 to .0215. As the days move on, the EMAs make adjustments as well. So the buy in has changed slightly and seen as measured move within this chart. What you are seeing are references made from extending the 50/100 EMA which in affect has them crossing each other within 6 days or less. The red arrow is is the selling pressure and the green lines are the mark of a new trend with the actual cross over. I would say that this would be a good point to enter long setting stop losses a little lower then the cross over.
Until then, the trend is your friend. Buying on the dip and selling on the hype.
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!
Cheers!