Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.03300).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
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The first scenario is when the chart breaks out of the triangle, makes a pullback and then go up.
The second scenario is that the price breaks down the bottom side of the triangle and then makes a pullback, the sell signal is produced resulting in the price to move towards the...
TRX had underperformed compared to most major altcoins and had broken below the ascending channel. After a long time it finally managed to enter into the ascending channel again. İf it manages to stay inside the channel dashed line and the upper blue line are the TP targets.
ANALYSIS 🔎
- TRXUSDT is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish one to be precise.
- TRON could be on the verge of an uptrend.
BUY ENTRY ⬆️
- Aggressive (risky): current market price (now).
- Conservative: breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance level R1.
- Horizontal...
TRXUSDT is consolidating in a symmetrical triangle pattern.
Breakout is imminent.
Bullish ⬆️ - breakout above the symmetrical triangle's inclined resistance.
Bearish ⬇️ - breakdown below the symmetrical triangle's inclined support.
Possible price actions and targets are indicated by the arrows on the chart.
TRXUSDT is testing the descending triangle inclined resistance.
Bullish ⬆️ - breakout above the descending triangle inclined resistance.
Bearish ⬇️ - breakdown below the minor ascending trendline support.
Possible price actions are indicated on the chart.
The market has been on a mid-term uptrend since March 2020. The price action tested the ATH(all-time high) is approaching the trendline support + horizontal support. We could see a bounce off the support bullish ↗️. And a breakout below the support as bearish ↘️.
