TRX/BTC chart looks bullish as it has made a new Higher High.
📍 The white descending trend-line is getting broken by the price. ✍🏼 We could set our buy limit on the pullback to its descending trendline or we could buy here just as the price is getting WILDER 🐃
⚠️ The first resistance level where the red descending trend-line and the orange horizontal line meet...
Things to Note:
1. Bullish Market Structure- Printing HH and HL
2. Expansion in Volume
3. Price forming an Ascending triangle pattern
4. Following a rough uptrend line
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
Looking attain here on the 1hr time frame we can see price has come up to a all time high area coming from a previous impulsive leg to this level where price rejected from 0.18.
Currently price has tripled down the the 2.618 fib level where support is being tested, price has got to this level in toe from of a descending channel (squeeze), price has made clean...
in my opinion in next hours we will hit 0.16$ and we need some test on yellow line and if everything goes well 0.22$ our short term destination.
but if the chart can't handle white lines maybe we goes down...
what do you think?
TRX is aiming for it's previous ATH on USDT pairing and major resistance on the BTC pairing at 310 sats. IT has a lot of momentum with good volumes and is just breaking out of an ascending triangle on the 4hr TF.
like 2020 summer golden cross back baby! on chart we have got red horizontal static resistances and a dynamic white line...
soooo in first step we have correction and after that at least 80% pump and if we break dynamic resistance i hope 870 sat is our next stop.
TRX btc pair is going for a mega breakout.
It is going to breakout through a yearly downtrend and can easily do a 2x from here.
UsD pair is also about to breakout and the BTC pair has bottomed out and sitting on strong support.
Target price mentioned on chart.
Always manage risk:
Risk management helps cut down losses. It can also help protect traders' accounts...
Most altcoins don't look good right now. Yes, they can grow up, but they can also fall a lot.
So the risk/reward is bad. Altcoins are subordinate to bitcoin, so you need to look at it first.
You can try to take a TRX for a small part of the capital.
He is consolidating, and we are positive about Bitcoin. Therefore, it makes sense to consider.
Stop loss if the...