- Huge false breakout last days on Tron, we can expect lower prices now
- We are in this symmetrical triangle, that is currently breaking to the downside!
- The price is below 20 moving average on the daily chart
- Below 2 trendlines!
- Looking terrible to be honest
If you want more of these ideas, please hit the like button and follow me, so you don't miss any...
Trx/btc recently lost support around 200sat and closed daily below
Also btc dominance is still high
And looks like the downtrend not ended yet
The other area of concern will be at the previous accumulation zone between 175-168 sat
Not abuy signal ...we need a strength or bullish green candel and buy on retest
If I have learned one thing in all these years I am trading, it's that when a coin is behaving with a long lasting sideways moves which are very tight, it's a strong indication of a strong move.
Same as when there is low volume for some time it's only a matter of time when the volume comes in, trick is to determine if volume is going to be buying or selling...
💎Technical Analysis Summary💎
-After the Bearish downtrend last Oct 15
-The price keeps falling and unable to sustain any support
-Currently, TRX is confirming another Bear flag
-And the potential downside target is around 180s sat
-Wait for any Bullish reaction before looking for a buy trade
A big Thanks for donating 💰 via Tradingview coins...
After a strong uptrend movement, the price went on a correction and could be forming another accumulation pattern called bearish rectangle
A great place to buy TRX is on the next important support level in case this asset reaches the next important support level around 200 sats
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
It fell at the uptrend line (3) and at 0.02608.
If it fails to rise above the downtrend line (7) and the 0.02730 point, it is expected to...
We looked at TRXBTC recently and the chart is growing/building up on bullish momentum...
The same can be said for the TRXUSDT pair.
Today we have prices moving above EMA50 and EMA10.
Both our indicators, MACD and RSI, are showing bullish signals.
Notice that prices bounced at the EMA100 blue line... Signaling strength.
The next target is marked on the chart.
Purchase range: 0.0256
Targets: 0.0259- 0.0262- 0.0265
Stop loss The first goal: the profit to loss ratio is 1: 1 (0.0253)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 0.0256(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)