Stubborn TRX has fallen and bounced of a previous support line.
If this continues, new larger scale uptrend triangle to follow.
Keep an eye on support breaks (blue lines).
.382 Fib may be trouble again, as triangle draws to a close.
If so, there's always end of march ;)
TRX/BTC falling down from .78 fibonacci line, next stop 380 support. There is possible -and we hope- to see a double bottom pattern to finally change the trend.
If this not happens, probably We'll see it in the 200's
Follwing trx over the last two days it has hugged the support line dipping below and shooting above all the time coming back to rest on the support. This to me says that trx is under a heavy load from both the bears and the bulls. it will be interesting to see where it ends up as the market has been slowly leveling out over the last week.
It looks to me that any...
Tron pushed up with the latest btc bounce which has given it a new support line detailed by the dotted yellow and highlighted by the box. this is good news if you are holding trx as if the support continues to hold despite being tested multiple times today it gives trx a good place to rise from. im expecting trx to follow the dotted white line highlighted by my...
TRX is looking a little sad today, I had hoped in my last ta that trx would form an Eliot wave however btc happened and slapped that idea right of my idealistic mind!
ive taken a little step back and have removed my pro trx bias from this ta.
As you can see from my picture there are support lines (dotted yellow lines), the lower one where the current down trend...
I think TRX is getting to the point where its either going to drop or pop up to the dotted line and test the resistance here.
if it doesn't bounce off the dotted line, we might experience a double dip back to our previous low.
This is just my two cents, please let me know what you think in the comments.
if you havnt seen my previous post, go check it out, it...
As you can see (using heikin ashi candles to try to average the volatility ), we should now be at the peak of the climb from the previous low of 480/520.
Will next expect steady correction downwards to around 440 level and possibly below in this next cycle.
SRIS and CRSI both indicating the position is currently overbought, although MACD not yet convinced...
Full TRXBTC Sketch - Fib Trajectory and Time Projection
From the graph, we have returned to the final two major restraints before we hit below LL of previous trend.
Considering current trend, as previously predicted we have pushed through L1, a loose restraint indicated by previous LLs. We can expect that should current market conditions continue, there are...
Rules of Acitionary Waves 1,3,5 and Reactionary Waves 2,4 !!!
- Wave 2 must be above statring point 0
- Wave 4 must be above the top of the wave 1
- Wave 3 must NOT be the shortest
All rules must be applied.
After the correction ABC circle of direction repeats, meaning UP.
I am now reversing short term position on TRX should either of the two restraints hold around 770 and 760 - both strong longterm trend lines, and this could see a reversal of the trend down over the past few hours (predicted in previous analysis).
Should we see a reversal, I would expect to see the bulls carry us back up to 820 if a normal trajectory. However, a...
Trx down now to next restraints at 769 and 759.... Returning all the way to the slump on this one.
If it breaches 759, we will be an a new low since the boom a week or so ago, but with some crazy volume in the market both sides, the bears could finally switch/we could consolidate on either of these restraints....
I will be buying back in at 769 myself, with a...