I have been successful on 2 trx analysis one was shorting and other was breakout. and i see a good potential here in short term of about 1 month 50-100 profit opportunity. Trxbtc is downtrending with a major support at 350-400 which is buying area. and its closing apex for breakout. stop loss 340. best buy after breakout of downtrend resistance currently around 465-475. Target is around 650 and 800.
I am not a Financial adviser.
Hit Agree if you like my idea.
Note
As said 475 breakout confirmed now already up 25% target 650 if all ok then 800.
Note
here are the expected subwaves
Note
please ignore the previous comment chart as we broke the trend line.
Note
Price will fall around 475 and then expected to hit the target.
Note
trx next 3 days target 800. buy at 475 . SL-450.
Note
it resumed short term downtrendline and hit 623, next buy at 675 and target 700.
Note
following the first chart in the comment
Note
Note
expecting small T1 702 - > small T2 (624 - 649 optional) 693 -> small T3 828
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.