TRX (Binance) weekly chart. Buy now for some easy profits.
This is a no brainer, almost a risk free trade.
- Oversold on daily chart RSI (under 30)
- Rebounced off 50 RSI on weekly chart (over 50 RSI = bullish)
- Stoch RSI is oversold on the weekly chart and has just crossed(indicates bullish momentum)
- Held support on the downtrend support line of a potential falling wedge (bullish pattern)
- Volume is non existant, there is no more selling pressure (for now), only way is up
If a upward breakout the falling wedge happens, we could expect a retest of the top resistance line (which would confirm a bull flag formation)
Please sell the top or expect to lose all your profits. TRX will not reach ATH again for now.
Happy profits!
- Oversold on daily chart RSI (under 30)
- Rebounced off 50 RSI on weekly chart (over 50 RSI = bullish)
- Stoch RSI is oversold on the weekly chart and has just crossed(indicates bullish momentum)
- Held support on the downtrend support line of a potential falling wedge (bullish pattern)
- Volume is non existant, there is no more selling pressure (for now), only way is up
If a upward breakout the falling wedge happens, we could expect a retest of the top resistance line (which would confirm a bull flag formation)
Please sell the top or expect to lose all your profits. TRX will not reach ATH again for now.
Happy profits!
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