TRX/BTC - bull flag looks will be broken below.
Updated
Hey, hello !
After longer time, I made this 4 hour Tronix chart.
It´s pretty easy. I will just watching this actual trend Fibonacci retracement. I also added a green support line, because I think, there is a pretty strong support not shown now , because I draw Fibo only to this last trend.
A lot of people has a big expectations by 31 March & Tron announcments.
But now is looking more to fall, paralelly with Bitcoin. As always.
Blue EMA 20 ( orange ) represents support & I hope, 4hours candle will not closed below.
The worst could be, If Tron breaks below yellow flag and continue to 200 EMA ( red ). If BTC falls deep, It is possible. Not for now, It takes a time ( maybe 1 month ). As you can see, red EMA sits at 382 Fibo retracement. EMA200 is also near to cross with grey line of lower Bollinger Band.
Make you sense now ?? : )
I guess, this is possible level, where can Tronix dip, If comes bigger SELL OUT, in reason , If BTC will start rapidly decrease value.
But of course, we are still in yellow bull flag and maybe Tron will do a nice jump : ) That will be cool.
It´s not decided yet !
Watch price action & If you trade, be careful : )
I will do an update . If you agree, leave like please.
SIncerelly,
Mario Emvo.
*This is not a financial advice.
*For educational pursposes only.
After longer time, I made this 4 hour Tronix chart.
It´s pretty easy. I will just watching this actual trend Fibonacci retracement. I also added a green support line, because I think, there is a pretty strong support not shown now , because I draw Fibo only to this last trend.
A lot of people has a big expectations by 31 March & Tron announcments.
But now is looking more to fall, paralelly with Bitcoin. As always.
Blue EMA 20 ( orange ) represents support & I hope, 4hours candle will not closed below.
The worst could be, If Tron breaks below yellow flag and continue to 200 EMA ( red ). If BTC falls deep, It is possible. Not for now, It takes a time ( maybe 1 month ). As you can see, red EMA sits at 382 Fibo retracement. EMA200 is also near to cross with grey line of lower Bollinger Band.
Make you sense now ?? : )
I guess, this is possible level, where can Tronix dip, If comes bigger SELL OUT, in reason , If BTC will start rapidly decrease value.
But of course, we are still in yellow bull flag and maybe Tron will do a nice jump : ) That will be cool.
It´s not decided yet !
Watch price action & If you trade, be careful : )
I will do an update . If you agree, leave like please.
SIncerelly,
Mario Emvo.
*This is not a financial advice.
*For educational pursposes only.
Note
I was right.Note
Next 4h candle will be important. If TRX closed below red line ( EMA200 ) , I think it will be dangerous. If not, maybe we can see som raise.At real-time chart red EMA touched actual candle, but here is not visible :/
You can click for " make it mine " option at share button, if you want to display this chart right.
*This is not a financial advice.
Note
I personally think, this looks as we break to uptrend direction . Nice :) Also EMA 200&50 crossing to uptrend. It not happen very often.
*This is not a financial advice.
*Only for educational purposes.
Trade closed: target reached
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