TRX vs BTC
TRX has wicked right down to 1 sat.
As the saying goes "Wicks and tails like to be eaten" 92% of the time wicks and tails like to be eaten meaning price generally fills in the wick, so a visit to 1 sat is probable.
If price holds above the upper trend-wedge line we have our next Bullish targets!
If this breakout is only a fake breakout than the previous scheme will be in the game again:
Anyway stops for this trade is under 0.0000011 so use money management for the worst-case scenario if...
TRXBTC is in back-test phase on the smaller wedge so some smaller move to the upside is possible now but the bigger look tells us maybe one more wave to down is coming soon also!
So in the previous analysis for TRXUSDT is valid only If BTCUSDT also start to move to the upside.
That's why the correlations are so important in the crypto world!
BTC is still the...
THIS IS NOT A SHORT-TERM TRADE.
This analysis could happen in 2-3 Weeks.
Tron is on a huge Falling Wedge on the Weekly chart and we are on support zones.
RSI oversold and trying to become more bullish - Good Sign
MACD trying to cross on a positive way - Good Sign.
TRX could reach 340 Satoshis on the Midterm
With 10 X leverage, this is a 1000%...
Here's a great example of how one can achieve solid profits while also maximizing peace of mind by never selling for a loss (only selling for profit) using our 'Ninja Signals' Buy & Sell Alerts Script & Backtesting Strategy. Our 'Ninja Signals' script features an optional "Only Sell for Profit" (Never Sell for Loss) feature, which simulates a special style of...
#TRX Analysis is showing such a simple story
#EMA Strong Resistance
#Volume not Came
#W shape bottom due to this rest in down trending
#RSI showing Hidden Bearish Divergence
#MACD also showing Hidden Bearish Divergence
#Result: You can Short TRX with High Stop Loss on case Rejection of Divergence.
#Note: Simple Chart and Best understanding for Learners