I detected two support levels, trying to understand the direction of the movement. On a daily chart , it is good to see two middle-sized green candles one after another.
Please note that this chart is prepared for only educational purposes so please never take this as a recommendation. If you see any mistake, please let me know so I can learn analyzing better.
I believe on a daily basis, TRX has not experienced Elliot Wave.
Some might think that it has been experiencing since its first critical rise in the last months, but if it was true, the II and IV points should not have come to the same level under the principle, as this happened on January 1 and February 8.
I believe we might encounter Elliot Wave for the first...
I believe we may see 7,1K levels, and then 6,1K may be possible because of the broken triangle pattern.
Please note that I am a newbie in analyzing chart, but would like to put my thoughts in order to see whether my prediction will become true. I believe the BTC is still in the descending channel, which is my main argument.
It would be appreciated, if you...
Here is my idea.
I believe BTC -6.81% -6.76% is in the descending channel due to the broken triangle trend model, meaning that we may see 7,1K levels. The second support level is 6,1K. I have no idea whether it will go that level or below.
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