TRX entering bearish territory
Well, I've been following TRX for quite some time now, and not big fan of "TO THE MOON" posts with no good argumentation so I thought I would try and give my realistic TA of TRX.
First of all if we are looking at candlesticks we broke through both Tenkan Sen and Kijun sen lines with ease, we continue into the cloud at very low support area and pretty much went stright trough, still waiting on that confirmation to be 100% sure. We have a Kumo twist forming up now. Chikou span below price... pretty much all these signals that I'm getting on 4-hour chart is only showing me bearish signal. SO assuming that we close below cloud we are definitley entering bearish territory.
Here is a link to Ichimoku signals and you can do your own comparison. ichimokutrader.com/signals.html
Anyways at quick look I think our bigest support is at around 450-ish area. And that's pretty much where I plan to make my trade :)
PS! This is not financial adivce, I'm just a hobby trader so please don't take my advice as anything then funny TA :)
First of all if we are looking at candlesticks we broke through both Tenkan Sen and Kijun sen lines with ease, we continue into the cloud at very low support area and pretty much went stright trough, still waiting on that confirmation to be 100% sure. We have a Kumo twist forming up now. Chikou span below price... pretty much all these signals that I'm getting on 4-hour chart is only showing me bearish signal. SO assuming that we close below cloud we are definitley entering bearish territory.
Here is a link to Ichimoku signals and you can do your own comparison. ichimokutrader.com/signals.html
Anyways at quick look I think our bigest support is at around 450-ish area. And that's pretty much where I plan to make my trade :)
PS! This is not financial adivce, I'm just a hobby trader so please don't take my advice as anything then funny TA :)
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