Fibs are an amazing tool for predictive entries and exits. Upon entry into Trig at 8k Sats due to the fundamental play that Masternodes are scheduled to be announced in early January , we see a bullish price action immediately following. Prices then proceeded to peak (we did not sell here) and retrace back down to .618 where it consolidated as consolidation...
Triggers is one of the small coins i have in my portifolio, and i think it has some good potential, aswell as a good team behind it. I opened long based on reverse signals and break of triangle also rsi and macd confirm the buy in my setup, targets can be set diferently, or part of volume can be left for long run. Maybe interesting to always take a look at...
Entry: red or blue (or lower). Targets: 11000, 14000 and 24000. Timeframe: 2 weeks. Correlate your entry/exit with $BTC movements or coin’s updates, news, announcements, etc.
$TRIG is following the fib retracement nicely. Went sideways(yellow) after breaking out of the downtrend(red). Now broke out for a nice Elliot wave up to 38.2 fibonacci level (5). Next target is around the 1650(2) before climbing to around 2500 (3).
$TRUG showing the same pattern as before, it looks like this was the pump but get ready for the moon!
$TRIG moves in a downward channel (blue color lines). To get back into that upward channel (purple color line), must break and stay above the resistance at 35k. Watch the support at 22k. If broken, good bye, $TRIG.
After a good news last night, $TRIG broke out the resistance. It needs more volume to follow projected pattern above.
Techincal: I think we can use the red lines as support and resistance and may see a continued higher highs and higher lows up until the burn is done. We need to see a strong spike in volume and interest if are going to break the resistance and generate a strong high. Although 70% is being burned off the total supply 29,519,400 has been the median circulation...