It's been almost 2 days since we had the bounce off of long term support and we're yet to see a close above this zone of resistance. I'd like to see it broken through and retested as support before I start to develop a bullish point of view. Until then I think sub 7k is still a major possibility. @cryptoisascam
Looking at things on the higher time frames I can see that price is in a consolidation pattern with no directional bias as to which way it will break out. I think we'll see a bounce from inside this zone after the weekly candle forms what I believe will be a swing low. From there we should head back up to retest the trend line either next week or the following. I...
Symmetrical triangle has formed on the 1hr TRX/BTC chart. Textbooks say we should see a move roughly equal to the size of the triangles base so in this case it's a 6.7% move. We should see a breakout very soon!
If you saw my posts yesterday you'll see that the first candle wick stabbing through resistance & failing to close above was a reversal sign for me. We consolidated for a bit before forming a double top and then price fell to marked support. Now that we're sitting at that 8370 level I'm not seeing anything to tell me that we're in a rush to go back up. Don't be...
12 hours later and we've now formed a double top. Directional bias still remains the same, I would like to see this go down to the 8370 support area and drag $TRX down with it to give me a good entry for that main net pump (sorry TRX hodlers). Find me on twitter @cryptoisascam and feel free to share your ideas with me!
TRX at a big resistance point right now. I wonder if it'll smash through and continue to it's ATH in anticipation of main net release or if we'll see one more pull-back. Watching this one from the sidelines atm, no FOMO. If it comes back to 825sats I'll hop in.
Circled wick has collected a bunch of liquidity which makes me think we're about to see a decent sized move. We didn't close above previous market structure shown in blue so my directional bias is bearish.
Keeping it simple here. Blue levels = Strong Orange levels = Medium I believe price will continue to make it's way down to the 7500-7600 before we start to see some consecutive days in the green. Be careful trading against the trend & don't forget to lock in profits. @cryptoisascam