TRON looking good for a BULLISH move
I've been keeping an eye on TRX for the last few days as it's been in a falling wedge pattern for quite some time.
The RSI is starting to tick upwards that coincides with a possible last wave down. Interestingly, there is a cup and handle pattern on the 1 hour chart that i'll be watching closely for a LONG position.
Initial target is the 38.2% Fib of the highs from the beginning of the falling wedge pattern if it can break out of the wedge pattern.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
The RSI is starting to tick upwards that coincides with a possible last wave down. Interestingly, there is a cup and handle pattern on the 1 hour chart that i'll be watching closely for a LONG position.
Initial target is the 38.2% Fib of the highs from the beginning of the falling wedge pattern if it can break out of the wedge pattern.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Re-test of the channel and looks to being respected as resistance. For me, a break above the last daily candle will be the entry point for a long. If it falls, wait for a reversal setup (e.g head and shoulder)Note
Still watching for a pump, reversal patterns appearing on STFNote
Getting close to the upper trend line. Looking prime for a breakout. Stay tuned:
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Related publications
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.