TRX a bit more to the downside before the pump #trx #crypto #ta
TRX broke bellow 50% of the range. As we have discussed again in the past, range trading obeys in 2 rules.
-Bounces at the top and the EQ
-Continuation when the EQ is broken
TRX did pump in both reactions however the movement was weak and wasn' backed by volume to push price up. According to our analysis on how Bull Cycles work, TRX as the first to pump coin was going to suffer the most. Now it's time again to move into our first buy zones where there is a high chance that it will recover one more time. Aside from technical reasons, the lowest this coin drops the less volume is traded in the orderbook so there is more room for manipulation. As soon as we reach the buy zone I would like to see an accumulation pattern forming before I enter (descending wedge, iH&S etc)
-Bounces at the top and the EQ
-Continuation when the EQ is broken
TRX did pump in both reactions however the movement was weak and wasn' backed by volume to push price up. According to our analysis on how Bull Cycles work, TRX as the first to pump coin was going to suffer the most. Now it's time again to move into our first buy zones where there is a high chance that it will recover one more time. Aside from technical reasons, the lowest this coin drops the less volume is traded in the orderbook so there is more room for manipulation. As soon as we reach the buy zone I would like to see an accumulation pattern forming before I enter (descending wedge, iH&S etc)
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-Education
-VIP trade calls
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Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
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.
We provide:
-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
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.