TRX - May get back to the $0.07 last weeks of Jan
Hi,
This is iJusctCoint, the one lucky trader who puts his money where his mouth is!
I am using NEAR TERM group of time frames to provide as analysis for TRXUSDT.
We still expriencing DOWNWARD pressure at 8D and 4D. In order to stop this, we have to see 12H,1D and 2D White Energy to begin rising.
And that what is going on right now. We have 12H and 1D already above level 50. They might keep up 2D as well.
So i am expecting the price to dip down to the buying area and bounce from it to $0.07 levels.
We should expect $0.075-$0.073 price range to act as resistance based on that i currently seeing at the 1D,2D and 4D.
So i plan to go LONG on TRX if i see a bounce.
We as well might go up right from these price levels, but based on how low Blue LSMA is, i am not going to get into a trade right now.
//
Chart Code:
Red Dashed Lines - Downwards reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange where price target might get hit
//
This is iJusctCoint, the one lucky trader who puts his money where his mouth is!
I am using NEAR TERM group of time frames to provide as analysis for TRXUSDT.
We still expriencing DOWNWARD pressure at 8D and 4D. In order to stop this, we have to see 12H,1D and 2D White Energy to begin rising.
And that what is going on right now. We have 12H and 1D already above level 50. They might keep up 2D as well.
So i am expecting the price to dip down to the buying area and bounce from it to $0.07 levels.
We should expect $0.075-$0.073 price range to act as resistance based on that i currently seeing at the 1D,2D and 4D.
So i plan to go LONG on TRX if i see a bounce.
We as well might go up right from these price levels, but based on how low Blue LSMA is, i am not going to get into a trade right now.
//
Chart Code:
Red Dashed Lines - Downwards reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange where price target might get hit
//
Comment:
We may go up to $0.074-$0.078 based on what i am seeing at NEAR-TERM group of timeframes
