TRXBTC Binance Breakout potential
Updated
TRX has formed a bull pennant on the 4 hour chart. we could see a potential breakout very soon.
yesterday i posted this as a Bull flag. put as the trade develops it looks more like a pennant. the next resistance will be the 1049 mark just above.
with current market conditions we are not sure as to what kind of break out we will have and whether the breakout will be a big one.
yesterday i posted this as a Bull flag. put as the trade develops it looks more like a pennant. the next resistance will be the 1049 mark just above.
with current market conditions we are not sure as to what kind of break out we will have and whether the breakout will be a big one.
Note
Breakdown is due to BTC going down tooNote
next support is at 853. however highly likely that this will breakdown too.
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