Large caps are starting to look very attractive on the mid to higher timeframes.
- Big divergence formed and now wants to be confirmed
- Got a nice kumo breakout on the 6H that could be the start of a nice uptrend.
- OBV in a super tight channel on the daily.
- Sentiment is slowly shifting to 'hope', the next part in the market cycle...
A market entry here is...
As you can see we've finished the third run of TRX and it's correcting now (the fourth Elliot wave).
When we fifth wave starts TRX will definitely end above 1000 satoshi. Let's keep an eye on TRX so we can set stoplosses safely which will give us some good profit before the ABC correction starts.
I think TRX can go up with support XABCD Pattern and MACD
If you want buy TRX
Buy order : 412 - 414
Profit target :
Stop loss : 408
Recommend : Only deposit 5-10 % btc of you
This is the 4th hit we get on the .786 FIB on TRX. which indicate a strong support at that level but also a VERY BIG RED FLAG if it break through it. BTC is currently dropping (5th wave in my opinion and will drop all the way to $4700). IF the BTC move happens TRX wont be able to hold its position VS the 200 BILLIONS dollars market of BTC and will have no choice...