Good afternoon ladies and gents. I just wanted to give you an update on what I think will happen with Trx/btc over the next couple of weeks.
Wave 3 hit the 1.618 extension mark and Wave 4 retraced to the golden ratio at .618. This is ideal. Preferred extension shows interest and preferred accumulation shows strength and confidence.
TRX/BTC has decided that she wants to absolutely explode. And by explode, I mean if you're a bag holder you're going to be nutting home some serious dough.
Currently TRX/BTC is trading within an ascending triangle on the 1 hour chart
as well as a larger ascending triangle on the 4 hour chart
As far as indicators are concerned, The MACD is setting up very nicely on the 4 hour chart which just now crossed back over, and a new uptrend has been established on the RSI. As soon as RSI picks up to the 60-70 level, look out. We can also see an ascending triangle form on the RSI as well which is a great sign.
All things considered, and with a little FA thrown in here with the mainnet launch on May 31st, this has the set up to make a lot of people a lot of money. globalcoinreport.com...ore-main-net-launch/
I expect Wave 5 to hit 2.618 Extension levels easily. However, this could easily trend up or down depending on the health of the overall BTC market and the effect the mainnet launch has on the coin.
If this is an analysis you appreciate, feel free to upvote and like as many times as you wish!
I appreciate your support.
Wave 3 hit the 1.618 extension mark and Wave 4 retraced to the golden ratio at .618. This is ideal. Preferred extension shows interest and preferred accumulation shows strength and confidence.
TRX/BTC has decided that she wants to absolutely explode. And by explode, I mean if you're a bag holder you're going to be nutting home some serious dough.
Currently TRX/BTC is trading within an ascending triangle on the 1 hour chart
as well as a larger ascending triangle on the 4 hour chart
As far as indicators are concerned, The MACD is setting up very nicely on the 4 hour chart which just now crossed back over, and a new uptrend has been established on the RSI. As soon as RSI picks up to the 60-70 level, look out. We can also see an ascending triangle form on the RSI as well which is a great sign.
All things considered, and with a little FA thrown in here with the mainnet launch on May 31st, this has the set up to make a lot of people a lot of money. globalcoinreport.com...ore-main-net-launch/
I expect Wave 5 to hit 2.618 Extension levels easily. However, this could easily trend up or down depending on the health of the overall BTC market and the effect the mainnet launch has on the coin.
If this is an analysis you appreciate, feel free to upvote and like as many times as you wish!
I appreciate your support.
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Also, the MA's are all close, ready to cross and jump!
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Trading with the 21 day MA.
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Possible bullish divergence on the daily chart.
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As expected, Tron hit 60 on the RSI and exploded out of the ascending triangle. There is tough resistance at 960, and support @ about 905. We will attack the subwaves of Wave 5 if the indicators stay humble, all the way to our target at 2.618.
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I expect TRX/BTC to retrace to support levels allowing indicators to reset for a healthy next leg up! Good luck to all!
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We just witnessed the bounce at 904. Now depending on BTC health we can see another movement upwards.
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As you can see, we bounced HARD off the .382 retracement level.
As you can see, we bounced HARD off the .382 retracement level.
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This candle really would help us out of it turned green.