TRX price action, volume and volatility all entering the completion of their consolidation phase.
PA has entered resistance turned support.
The RSI is gaining strength as it touches previous key levels.
Solid profit potential until strong resistance at previous highs.
ETH PA is making a bull pennant pattern after the 2/17-2/18 flag pole.
RSI could also be making a double top formation similar to the late December rally.
Entry at break out of resistance at .038, target first major resistance .041, stops at .035
LINK appears to be making a very similar PA pattern to the previous bull flag. If this potentiality comes to pass, we will see a bounce from ~10k to ~13k resistance, then PA will make a lower low at ~9k support, and then potentially another flag break out.
Descending volume and RSI levels are seemingly similar to the previous flag as well.
I’m interested to see how SPX plays out over the coming weeks. The downtrend is still intact but if broken could reignite the macro uptrend trajectory.
The 2630 zone previously acted as an area of support, but PA subsequently broke below the zone on its third retest. 2630 may act as an area of resistance in which a hard rejection will confirm the downtrend.