TRX / BTC Main trend. Linear graph. Trend reversal zones

Updated

I specially made a line chart in order to more clearly show the long-term trend itself without the "market noise" that a candlestick chart gives. The idea is to understand where the price is now locally and where the trend is, as well as to visualize the potential for price growth in case of a breakout of the main trend line (red).

As you can see, the price is now trapped in accumulation with a 44% step. The secondary trend line is already broken and behind. As soon as the price overcomes the zone of the main trend line, there will be a "burst of price growth". While there is an opportunity, accumulate this cryptocurrency.

Also, you should pay attention to the effectiveness of the use of this blockchain now, the speed and cheapness of transactions.

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+ 180% from the first entry point (trading channel) or + 144.94% from the breakout of the downtrend. An important zone of resistance has been passed. Pumping continues.

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+ 36% from local savings to the specified price level zone. At the moment, there is a rollback after pumping. Watch for a local downtrend. Enter on a breakout (the probability of false ones) or a rollback after a breakout (it is possible that pumping "on fairy tales" without a rollback is not excluded). Why did I write like this? And because it is. To avoid "jerking and confusion" have your strategy and trading plan in advance, know what you will do in a more probable and less probable trading situation.

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There is a local downtrend breakout. Sideways begins. The price is squeezed by "walls" and moves in a narrow corridor.

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Exit from local savings (clamping the price) + 27% at the moment

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1 week the price is squeezed by the walls
with minimal volatility (as on XRP from 15 03 - 05 04 - then 3X). The zones on which the development of price movement depends is shown with arrows. Potentially a triangle may form. Drawn in green, this is on condition that the formation of the triangle is confirmed. In any case, work from the indicated zones. 10 06 this is the NFT airdrop

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Notice how the wedge formed above the main trendline. Wedge resistance broken. Rollback. Sideways price for 2 months in 25% increments. Intraday volatility for this pair is minimal. The gray area is the support area of the channel in 2019-2020. This can be clearly seen on the line graph.

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Please note, the price in the bitcoin pair is now at support 08 2019 - 08 2020. The price is now 153 satoshi.

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+49% at the moment since publication (pivot point). The price is moving towards the resistance of this cup.

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TRX/BTC Вторичный тренд. Среднесрочная работа. Зона 16-18

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