TRON / BitcoinLong
Prepare for TRX Reverse
TRX is trading around 360 (0.618 fib level) right now trend reverse is possible from 358 as it is the lowest point of the blue uptrend lowerline but There are 2 possible scenarios for TRXBTC:
1) If TRX goes below 358 and reaches to 352-354 zone (lowest point of the black line) a trend reverse is possible from there.
2) If TRX breaks the black line and reaches to 351 a breakout may occur which after confirmation the established downtrend will continue. In this case can the extended triangle chord (lowest red line) play as a strong support and form a Ascending Triangle?
DONT GO LONG BEFORE CONFIRMATION.
1) If TRX goes below 358 and reaches to 352-354 zone (lowest point of the black line) a trend reverse is possible from there.
2) If TRX breaks the black line and reaches to 351 a breakout may occur which after confirmation the established downtrend will continue. In this case can the extended triangle chord (lowest red line) play as a strong support and form a Ascending Triangle?
DONT GO LONG BEFORE CONFIRMATION.
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