What a beautiful month for XVG guys! we broke out of the triangle with nice volume and the price is above 50MA & 100MA. I decided to not focus on the wicks to get a much better view on what's going to happen. We are forming an ascending triangle (indicated in white) as you can see, which is bullish. to complete this ascending triangle XVG needs to stay above 170...
This is for the people who are going SHORT on TRX. As you can see the trendline indicated in blue acted as strong support 3 times before. There is still some upside movement possible going short now is a bad idea!
- Short somewhere between 831 & 859
- Short if we break the blue line
Bullish if we break 859
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Hey guys. BTC is forming a very good looking falling wedge- reversal on 4H. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. i think there are 2 breakouts possible.
Breakout on number 1: We'll possible see a very weak bounce out of the falling wedge and the price will consolidate around 3550 for a while....
Wassup guys. TRX is going crazy! i never expected TRX to break 813 that easy, this proofs again that TRX is a monster.
Next resistance: 859 if TRX manages to break it we'll see a rally to +1000
Our support lines are 759 and the blue line, as you can see we bounced already 2 times of the blue line, that could react as a strong support.
i am not bullish right...
First of all i want to say congrats to the people who listened to my last TA. We bought at the breakout around 770 and made nice profits!!
TRX made a good breakout today and we have seen a rally to the resistance zone at 814, which was too strong for TRX. we can take out profits around this area. TRX is too overbought right now so expect it to drop.
If we manage...
As i said yesterday on my TA, 759 is a profit take zone and yeah i was right again. that's a huge resistance we got there, if we break it expect a move to +800 but i don't think that will happen yet. i am expecting a pull back to 716 area to test it again.
I am expecting BTC to drop to the 3450 zone. when that happens TRX is going to test the 716 supportzone...
Hey guys. Bulls respected the 716 support zone and we bounced pretty well. 716 is a good buy zone for now,
a rally to 759 is possible from what i am seeing.
Don't get rekt:
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TRX is currently in this triangle and needs to break it soon. don't miss this! either way it goes we still making money!
important levels for TRX.
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Guys i am 99 % sure this ascending triangle will be decisive for TRX. within 2 days we'll know if TRX is going for another pump or drop below 600.
this whole thing won't playout if BTC does something crazy so keep an eye on it.
This white line acted as resistance 3 times before (2h) (indicated with red arrows)
We are now touching the white line again for the 4th time and while i am writing this the price begins to drop. If the bulls manage to break the white line we'll see a price movement to 695. short there and put a buy stop-limit at 705. Nice swingtrade opportunity there guys.
I am expecting a big move from TRX in the next 15 hours.
If 630 breaks we should see a movement to the bottom of the falling wedge which is at around 590. if the bulls can hold the 630 level we will see sideway movement and a great opportunity to swingtrade between levels 633 & 663.
BTC is the biggest indictator right now so keep an eye on it!