Launch day is coming!!! Want everyone to keep in mind that past launches of anything resulted in a dump and downtrend. Could this launch be different? Possibly. I have two scenarios that are playing out right now.
1.) Breaks red resistance line and moves up the top green
support line.
2.) Breaks the top green support line and bounces off strong
support line to complete cup and handle formation. Trends
up after.
RSI is showing an interesting trend. There is an end coming to the uptrend on the RSI.
So where is TRX going? We have to see how the wedge plays out, then we can further analyze from there. Whatever happens, watch the RSI.
1.) Breaks red resistance line and moves up the top green
support line.
2.) Breaks the top green support line and bounces off strong
support line to complete cup and handle formation. Trends
up after.
RSI is showing an interesting trend. There is an end coming to the uptrend on the RSI.
So where is TRX going? We have to see how the wedge plays out, then we can further analyze from there. Whatever happens, watch the RSI.
Comment:
TRX broke support line. Looks like it's finding support around the 955 range (previous resistance). If it breaks that, we could see support around 930 which would be a bounce off the strong support line.
Comment:
Looks like TRX followed the BTC dump thus throwing this TA out the window. Thanks to everyone who viewed and gave thumbs up!.
Lesson from this: Ensure stop losses are set properly to known supports in order to save yourself from unforeseen events such as BTC tanking.
Lesson from this: Ensure stop losses are set properly to known supports in order to save yourself from unforeseen events such as BTC tanking.