When doing fundamental analysis into a stock or in this case a coin β you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far.
As you canβt really do technical...
The price is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since May 19. A Death Cross is emerging and the patterns looks similar to that of May 2019. If that continues to play out, a test of the 2021 low is expected.
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Notice how the wedge formed above the main trend line. The resistance of the wedge has been broken. The pullback.
The price is 2 months in a sideways pattern in 25% steps. Intraday volatility in this pair is minimal.
The gray area is this support zone of the channel of the main set of 2019 - 2020 position. This is clearly visible on the line chart on the weekly...
We should see BTC make a decisive move one way or the other by the end of the week. If the epic rally continues and BTC Dominance climbs higher, Alts will bleed.
Conversely, if BTC consolidates and BTC dominance falls, this setup will be invalidated or take much longer to play out.
TRX is in a downtrend. Chart is pretty self explanatory. TRX has lost the major...
TRXBTC had a breakout from descending daily channel, and now the price is below the daily structure.
IF the price will have a breakout from the daily resistance and weekly trendline, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure...
#TRX
Similar to many other alts, showing accumulation over support..
Willing to see if it has enough traction (volume) to print a green bar toward ~215 sats (10%)
UCTS turning bullish on 12H & lower timeframes...
$TRX
Hi dear friends, hope you are well and welcome to the new update on Tron ( TRX ).
Previously we have seen that the price action of TRX is moving in the buying zone of a bullish Gartley in the daily time frame chart.
Now at the same time on the daily chart ,...
If Zoom At The Chart Clearly We Can See a Horizontal Channel (180 As a Support, 280 As a Resistance) ,We Expect The Price Will Breakout From This Channel Soon ,Here Is a Good Buy Opportunity.
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We have a possible inverse head and shoulders pattern on the daily chart!
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π By The Overall View The Main Pattern Is Descending Channel Which Started Since Jan 2018 ,Now The Price Is Ready To Breakout From The Trend Line ,If This Breakout Happen We Could Say New Impulsive Trend Is Started
π Letβs Analyze TRX By Closer View : If Zoom At The Chart Clearly We Can See a Horizontal Channel (180 As a Support, 280 As a Resistance) ,We Expect...
