TRX/BTC - quick easy analysis

A lot of people are bullish already , but TRX still not breaks downtrend triangle !
I guess, TRX falls back to the nearest support area in few days. If it breaks, TRX is capable to fall back to lower strong support.
Nobody surely knows. We need to watch 4 hour timeframe candles carefully , around green dashed area ( support line ).
Only time shows more : )
Light blue line ( EMA200) is a resistance level for this chart.
STOCH/RSI also showing market OVERBOUGHT.

UPPER dashed support line = cca - 13%
LOWER dashed support line = cca - 26%

If TRX breaks from blue triangle, I will undersand that as a reversal point for a major (up)trend.

*For educational purpose only.

تعليق:

TRX continuing in slow downtrend now. We will see, if breaks from downtrend , or continue to the breakout point ( end of blue triangle peek at rightside ).

*For educational purpose only.

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SALT perfectly copying upper edge of triangle : )

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* I mean TRX : )) mistake

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In a next few hours TRX is very capable to reach green dashed upper support line. We will see if jump or continue down. It will be deciding moment : )

Nobody knows exactly. TRX can break, or dump lower. Watching carefully.

*For educational purpose only.

تعليق:

Trx broke down 453 support very easy and its heading to 45 cents.

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Trx continue to lower support at 391. It looks to become reality.

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Weekend, or next week probably shows result of trend. TRX has very low volatility.

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I am very interested , which direction TRX will choose.

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You can also checkmore advanced 1 Day timeframe TRON chart : )