Trending TRX - 720 Minutes chart

Hello,

It is nice to share the views on TRXBTC with you all.

TRX is one of trending coins within Cryptocurrencies space. It iis no wonder to see TRX performance past month and continue.

ANALYSIS:
After checking resistance at 2.618 Fib extension, TRX is giving another opportunity to enter before it moves on to the final 5th EW wave. I have marked the first buy zone, and be cautious there and buy only after confirmation. The second Buy zone comes at 700 sats in case it fails to bounce from first buy zone of 800 sats. Take profit could be at 1200-1300 sats.

PS: Don't consider this as a professional advise. Do your own research.
Best of luck.

Comment:

Hello!

TRX proving one of the best crypto currency in space. Utility and chart, both are awesome.
So, as predicted, TRX shows a 8% increase bounce from .6 fib level and reached 931 sats and got rejected. We saw, the resistance line broken, i still need more confirmation before going long. We still have our buy zone intact. Keep observing.

Comment:

TRX has broken minor support and heading towards one major support trend line which is coinciding with .6 Fib levels. I am waiting to check the bounce from there. RSI still not bullish.

Comment:

TRX has broken one major support and going towards next support of .5 FIB level i.e. 765 sats. Keep observing.
RSI and MACD both bearish, no sign of strength.

Comment:

Whole market goes down. Need to set up new ideas.