TylorHunn

TIX:BTC about to hit support

Short
BITTREX:TIXBTC   None
TIX is currently falling below support at the 61.6% fib retracement from the last run. And it just so happens that the trend lines falls right along the 78.6 fib retracement meaning there will be a lot of eyes looking and buyers buying. I would set buy orders for anywhere between 5200 and 5350 and look to take profit at whatever percentage you would like. I do not believe this will reach the same high as the previous spike due to the negative divergence of the RSI. I also believe this might be the last jump before it breaks support at the trend line due to the decrease in volume in each of the last spikes. My sell order will be set at 6800 or whenever I feel it is losing momentum. Good luck fam
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.