TRON after a local maximum formed a local downtrend. This trend has formed a downward wedge .
If this wedge works out on a global scale, a double bottom will form, which will become a reversal pattern of the main trend.
1) on the breakthrough of the line of resistance of the wedge . (maybe it’s happening now).
2) on confirmation of support in the region...
A quick update on TRXBTC. I see this playing out, really good for quick scalp trades, which I will be doing. I do have longs open from a previous post a while back, that caught trx in the buy in range perfectly.
Also, just had a test on the falling wedge, though I would have liked to see more buy volume since this was practically non existant....
It seems that TRX is going down on a falling wedge and every time it touches the yellow limits in the MACD graph it decides to reverse the trend.
maybe it is now the time to fall again to 180 sat and below from 200 and maybe a profitable trade on the bearish market
its not advice so trade on your conclusions my friends
Plan A - Enter between 201-215 sats. Sell targets within the red boxes whereby the diagonal resistance is reached.
If this poo's itself, then revert to plan B. Buy around 169 sats, by then, it'll be recharted for potential sell targets.
Stop losses should be tight, but make sure that you avoid liquidity pools.
And plan C... well, just take some pills and cry.
Very similar to XRP btc position, (XRP has some way to go still i think. This TRXBTC has made new higher loows and higher highs on 377min chart, so i would think it may e done with its retrace, the next leg i expect to be more bullish than the last since we are starting from a more bullish position. Also I...
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TRON (TRX) shoves off the long-term consolidation buying area. Mid-term target is $0.04!
* TRX network is expanding with a number of accounts on the TRON network rising beyond 3.8 mln.
* Crypto Service Provider BitGo announced its plans to include Tron on its platform by November 2019. The announcement, which appeared on...