I see on the weekly timeframe a W pattern forming. January 2018 TRX reached the ATH and since then the price has been slowly moving downwards.
Between the red and green line channel. Thin green line aka support is holding strong and several times a good bounce up.
Currently looking good. W pattern, momentum upwards, support holding, but note the red line upper trendline and on the following images you can also see the 200 EMA weekly.
Caution is advised. Step 1 is red line upper trendline and step 2 is 200 EMA pink line.
All of these is looked at from a bullish perspective. Bearish view is the downward break of the thin green support line.
If that happens it is game over. Next target is that green lower trendline.
Trading is and remains a risk business. If you want technical information about a coin, leave a comment.
Between the red and green line channel. Thin green line aka support is holding strong and several times a good bounce up.
Currently looking good. W pattern, momentum upwards, support holding, but note the red line upper trendline and on the following images you can also see the 200 EMA weekly.
Caution is advised. Step 1 is red line upper trendline and step 2 is 200 EMA pink line.
All of these is looked at from a bullish perspective. Bearish view is the downward break of the thin green support line.
If that happens it is game over. Next target is that green lower trendline.
Trading is and remains a risk business. If you want technical information about a coin, leave a comment.