Descending Triangle on TRX (Possible bearish continuation)
Updated
TRX is running out of room on the hourly.
Potential for a bearish continuation, or a bullish breakout (appears as bearish sentiment is stronger atm).
Keep an eye out on the volume and open/close prices of the next 2 candles.
Could unfold either way -- or even neutral with a consolidation continuation and a break of the current trend.
Potential for a bearish continuation, or a bullish breakout (appears as bearish sentiment is stronger atm).
Keep an eye out on the volume and open/close prices of the next 2 candles.
Could unfold either way -- or even neutral with a consolidation continuation and a break of the current trend.
Comment
Broke the support of the descending triangle on the squeeze.Current low is 780, with an oversold with a 25.3% RSI. MACD continues to trend below the signal line.
Trade closed manually
Trade complete. Hit a low of 690.Roughly a 33% drop.
Had an opportunity for a buy at around 700!
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