Hello guys,
here's a simplifies but very precise daily chart analysis of trx/btc.
As you can see from the chart trx is hanging JUST BELOW the resistance zone which is denoted by a light blue rectangle.
Another important thing u see is the counter trendline which holds the perfect resistance for time being.
Thus a beautiful scenario is created right now with both the resistance meeting at the perfect point where the prices are right now.
A break will directly shoot the trx up to the above resistance line which lies around 1260.
HOW IT GOES FROM HERE ?
With the upcoming news of mainnet launch of trx.A break IS EXPECTED very soon before you can imagine.
Price will be shooted to around 1260 sats-1354 sats, will be roughly fluctuated a bit around these region and then expect to reach the ath very soon.
Again a bit correction to the previous resistance which now stands as a support at 1354 sats and then breaking the ath and forming a new ath.
LONG TERM TARGETS
1262
2040
2505
3100
For those who dont understand much.
here's a more simple weekly chart.
WISH U A GOOD LUCK IN TRADING.
REMEMBER THE NAME!
here's a simplifies but very precise daily chart analysis of trx/btc.
As you can see from the chart trx is hanging JUST BELOW the resistance zone which is denoted by a light blue rectangle.
Another important thing u see is the counter trendline which holds the perfect resistance for time being.
Thus a beautiful scenario is created right now with both the resistance meeting at the perfect point where the prices are right now.
A break will directly shoot the trx up to the above resistance line which lies around 1260.
HOW IT GOES FROM HERE ?
With the upcoming news of mainnet launch of trx.A break IS EXPECTED very soon before you can imagine.
Price will be shooted to around 1260 sats-1354 sats, will be roughly fluctuated a bit around these region and then expect to reach the ath very soon.
Again a bit correction to the previous resistance which now stands as a support at 1354 sats and then breaking the ath and forming a new ath.
LONG TERM TARGETS
1262
2040
2505
3100
For those who dont understand much.
here's a more simple weekly chart.
REMEMBER THE NAME!
POINT- the 4h chart looks pretty bullish with all the indicators showing bullish trend.
will be interesting once the trendline is broken with the hype in coming days.
watch out the hype!