TRX The breakout
For days now price forms a triangle. This is a strong sign of trend continuation confirmed by volumes that are decreasing with price.
On the weekly chart we can see that TRX is bearish with the oscillator close to the overbought zone. Thus the daily price increase will be limited by the tenkan sen and the kumo.
Entry: 186-188
SL: 180
TP1: 219
TP2: 303
On the weekly chart we can see that TRX is bearish with the oscillator close to the overbought zone. Thus the daily price increase will be limited by the tenkan sen and the kumo.
Entry: 186-188
SL: 180
TP1: 219
TP2: 303
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.