That dreaded or... For me this looks like a bull trap . If you look to the RSI, it tested the resistance and spiked up (from 20.0) to over bought zone (75.0). For me this is not a convincing climb to start an uptrend or breakout out to start a new wave up. This is not trading advice. This is something I use for education purpose and for fun. Constructive...
Strong Resistance zone on RSI very hard to break through at this stage can only see $TRX dropping lower. Check Related ideas for my actual targets. This is not trading advice. I only use these charts for education purpose and for fun. Constructive criticism always welcome
Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone...
Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone...
Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone...
Just having fun guessing . Would love to see what an EW plotting would look like based on these peak & valley targets. Cheers! **NOT Financial Advice**