Trig Token found the support at $0.45 which has been rejected multiple times, after which it broke above the high established on the 25th of October, going as high as $1.6. However, the corrective wave down followed which brought TRIG/USD down to $0.63.
Since then Trig Token has been producing higher highs and higher lows while rejecting the uptrend trendline. It seems that Trig Token is about to go higher where multiple resistance levels should be watched.
Fibonacci applied to the corrective wave after the descending channel breakout shows the upside target map, starting with 427.2% retracement level at $1.8, and ending at 827.2% retracement level at $3, which could be the final upside target for the potential upcoming wave up. On the downside, only break below the $0.45 would invalidate bullish outlook.
Since then Trig Token has been producing higher highs and higher lows while rejecting the uptrend trendline. It seems that Trig Token is about to go higher where multiple resistance levels should be watched.
Fibonacci applied to the corrective wave after the descending channel breakout shows the upside target map, starting with 427.2% retracement level at $1.8, and ending at 827.2% retracement level at $3, which could be the final upside target for the potential upcoming wave up. On the downside, only break below the $0.45 would invalidate bullish outlook.
Comment:
Now we are talking :)
Trade closed: target reached