Bagholder here. hoping for a moonshot or a crash landing for repairs before the trip to mars. Really just along for the binance bot ride. Appears to be bouncing on the top of this channel line. I drew a channel way too long and really only wanted to represent the current trend after the 'W' formation. Stoich RSI through the roof (about to turn south) and volume decreasing. Looks oversold to me, but I wouldn't be here if I had all the answers. Just a guy trying to make money on the real TA from the studs on here. This one's pretty much for me to track a trendline. Feel free to poke fun, I love a good laugh.
Comment:
Looks like the top of the channel showing around the 415 mark with prior support around 410 depending if we look log or not. Stoich RSI holding high and looks like were set for a correction barring it doesn't break the channel and bounce off it creating support where we previously held resistance.
Comment:
Comment:
So just as we suspected, we are pinging the top of the trend channel and volume has wavered some. Stoich RSI rounding on the peak here on the 4hr chart and we should expect to see a decline before the bots/whales decide if we are going to retest the channel or continue the likely downtrend. Keep an eye on big brother BTC as well for any bullying. I am selling off in increments and will set initial targets for re-entry at 370 and 345, with a stop at 410 to rebuy if we change directions suddenly. Tron usually does the opposite of what i expect at the exact moment i make a move so lets keep fingers crossed for me on this one.
Trade closed: stop reached:
Well like i mentioned above, I placed the trade in motion and she turned on me. TRX acting like a jealous ex GF