Verge has broken from our main triangle a couple days and seems to be consolidating in an even smaller triangle now. Watch for price falls below .5 level.!
As the Bollinger Bands converge to withing the Keltner channel, there will be a violent breakout. There are no sellers left. Once Bollingers are completely inside Keltner channel, we will begin an explosive upward move.
Quick TRX analysis,
As you can see the support levels for TRX are currently hovering around .00000730 BTC. The Resistance levels that are needed to move the TRX price up for a significant uptrend are sitting around .00000862 BTC. Furthermore, the downwards trend-line is weakening, while an upwards trend-line is showing stable upward growth. If the price jumps...
I am now reversing short term position on TRX should either of the two restraints hold around 770 and 760 - both strong longterm trend lines, and this could see a reversal of the trend down over the past few hours (predicted in previous analysis).
Should we see a reversal, I would expect to see the bulls carry us back up to 820 if a normal trajectory. However, a...
Trx down now to next restraints at 769 and 759.... Returning all the way to the slump on this one.
If it breaches 759, we will be an a new low since the boom a week or so ago, but with some crazy volume in the market both sides, the bears could finally switch/we could consolidate on either of these restraints....
I will be buying back in at 769 myself, with a...
There is nothing to really describe... $TRX has been bullish recently and with high probability it will explode in next few hours.
You see these waves... it's pretty much possible.
As promised, here are two strategies for quick profits.
BEWARE: Trading on 5 minutes charts with patterns that aren't as strong as their longer-term counterparts is VERY risky.
Apologies for my messy charts, still trying to work out the best way to display and explain.
Overview:
If you have a longer term pattern in place, it becomes easier to...
I was watching this most recent bull push closely as TRON finished a recovery wedge and had 1 shot to breach resistence trend line. Now we have 2 indicators both on highs and lows confirming TRON will go into full recovery structure.
We have now bounced off the 950 twice - at the best case scenario we are looking at a long drawn out bull pendant if the two lower supports stay intact. Worst case scenario we are looking at a bigger drop down should the supports fail to hold.
So far its a war between the bulls and the bears - lots of long tails either side of the candles on the 15 min gap, and...
