Lot of altcoins looks very similar on logaritmic chart, there is head and shoulders or cup and handle
We have 2 options
1. BTC will consolidation and altseason can start
2. BTC go down and altcoins go hell
Be ready to both scenario!
Hi guys. First time posting.
Ascending triangle observed on the Daily timeframe on TRXUSD. Base formed during last capitulation in March. Been observing this for about a month now. I think we are getting close to a move whether upwards or downwards, still hard to tell. Fingers crossed that volume stops decreasing for fear of pattern breaking downwards and...
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If we are beginning the next major crypto rally, we can expect that the coming wave-G will be similar in size to the previous wave-E the entire market experienced in 2017. However, TRON only began trading in November of 2017, so based on extrapolations from other cryptocurrencies Wave-E on TRX will only be 50-62% of Wave-G in price. In other words, Wave-G on TRX...
TRX has been in this large pennant since August and does not seem to indicate any clear trend at this time.
Trending indicators are all over the place, therefore, we need a clear break and sustained follow-up to confirm where TRX is going. For now, price is compressing in this large pennant as time passes. We should get a clear break in a month or two.
Fundamentally; TRXUSD, based on FCAS, receives 881 out of 1000 at Grade A. So, it is 881 HEALTHY. Do not consider technicals only when you are determined to buy Cryptos.
Technically; on the other hand, this asset corrected -52%, from USD 0.050 to 0.023 matching 0.618 Fib. It is looking much more bullish now to start rallying for its' 3rd wave on daily basis to...
TRX is completing the triangle pattern
now we are in c of the E wave (last corrective wave). that means to TRX will pump soon...
I'll update it soon
targets: short term
TP1= 0.06 $
TP2= 0.08 $