Tron in attempt to break out above this descending trendline started in April... If this attempt is successful for Tron, we could see a nice run-up soon. Also formed a symmetrical triangle and have space in it for whole Nov. So it might take a while if TRX fails now. Anyway, this could be a profitable trade so it's worth keeping it on your radar... Good luck traders
have three scenario
1. breackout trend line and go up to target
2.breakout and retest trandline with static support
3. It is very unlikely to break support because sales pressure is observed , After that, we will see the possibility of an upward trend
I actually planned on this trade being a very small 1:2 RR trade as i was looking at it on the 1 minute timeframe when I saw a head and shoulders pattern form, so I quickly entered and after seeing how rapidly it fell I then decided to target a lower level of Support.
It's now running extremely nicely and looking to hit TP becoming a 1:7RR trade.
ANKR has formed a giant triangle from February till now. My only worry right now is the absolute dogsh*t volume, but i’m sure it will come when a breakout happens.
> Looking for a scalp from the breakout to the $0.11 level.
GBPNZD - Waiting to see if price breaks the quaterpoint, theres x2 very strong OB's just below it, I want to see if we get a close below or a wick below to fill the imbalances, I will be taking scalps from these zones as rejection is probable even for a quick 20/50 pips.
If we get a close below on the daily ill be looking for retests and short, if we close above...
Retest of EMAs on daily chart could give a good bounce for a mini scalp trade.
money is flowing into btc may increase BTC.D so we shall expect a pullback in alts for better entry .
keep tight SL and dont over leveraged yourself.
have a good day
After fridays tap of 1800 and melt, i am further looking for a buy back up to 1785 area for further bearish movement.
We have a 15 min moving average cross of the 60 ma and 10 ma, anticipating a retest of it and into 1785