TRX/BTC need to break the top of the up trend channel, To the long side expecting price rally up and retrace to the top line and rebounce.(yellow lines) Long target 2 same impulse of analysis in BTC/USD 4/26 $11500, please see related ideas.
To the short side pretty simple retrace to short target 2 possible over shot to Short T3, but expecting bounce at ST2.
On my personal notes I see TRX/USD moving almost the same that TRX/BTC ! This is something really good! TRX/BTC more volatility so adjust your stops a little wider. Cheers!
Here is one snap of the daily, looking good!
To the short side pretty simple retrace to short target 2 possible over shot to Short T3, but expecting bounce at ST2.
On my personal notes I see TRX/USD moving almost the same that TRX/BTC ! This is something really good! TRX/BTC more volatility so adjust your stops a little wider. Cheers!
Here is one snap of the daily, looking good!
Note
TRX/BTC Jump channel, impulse one to oneDaily view
Note
TRXUSD : iF long T1 don't hold price can see a retracement to 0.0580 usd. Note
TRX consolidation in new channel new opportunities to re entry long at confirmatio brake of mini downtrendNote
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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.