This currency (TRX) has surprised many these days and the only reason is that the movements are almost free compared to other currencies.
I consider the upward movement of this currency to be due to positive news as well as a correctional wave(B wave).
In high time frame and with Fibonacci examination, we find that she (I like to call this currency female) has touched her 0.3 line.So I expect the beginning of a downtrend.Also, with a closer look at the large volume of transactions that take place at specific times, there is an expectation of a surprising trend.Static resistance is also visible at lower timeframes.
In short-term timeframes, we also see a correction process that can confirm our long-term timeframes.
It also makes good sense to stay away from the general market trend of this currency, which is one of the reasons for retailers and the plans that are being made by this currency.
My general conclusion is a big correction and a downfall that will come as a surprise
I consider the upward movement of this currency to be due to positive news as well as a correctional wave(B wave).
In high time frame and with Fibonacci examination, we find that she (I like to call this currency female) has touched her 0.3 line.So I expect the beginning of a downtrend.Also, with a closer look at the large volume of transactions that take place at specific times, there is an expectation of a surprising trend.Static resistance is also visible at lower timeframes.
In short-term timeframes, we also see a correction process that can confirm our long-term timeframes.
It also makes good sense to stay away from the general market trend of this currency, which is one of the reasons for retailers and the plans that are being made by this currency.
My general conclusion is a big correction and a downfall that will come as a surprise
