hey friends, we are observing TRXBTC from last 2 days and it's was rising from few days due to some fundamental news.we analyse the chart but didn't something interesting but got bearish divergence and market may move down from here and as per support and resistance we have drawn line and arrow indicated the movement.
Note : Seem market may in risky side so trade wisely.
The 4hr timeframe of Tron (TRX/BTC) as shown below is annotated and the numbers indicated on the chart are discussed below in an ascending order:
(1) This is a falling wedge that captures Tron’s price action between May 12, 2018 and July 12, 2018. The chart pattern is bullish (albeit not 100% of the time). Termination of the wedge falls on the major bullish...
Clear Pennant/Flag forming, break out alerts triggered. Will be watching TRX/BTC like a hawk this week. Never get married to a position, you need to be malleable.
