Tron (TRX) consolidating
Hello This is simply to educate others.
Daily chart for TRX/ETH is consolidating.
- Macd has cross over to the down side on Daily chart.
- Stoch RSI is pointing down
- Based on Bollinger bands We can enter around 0.00009230 eth for a possible move up (ASSUMING there are bullish signs and the weekly chart isn't pointing down as well otherwise we will continue to go down if support doesnt hold)
Based on those we can expect more down side before any further movement up.
Worse case scenario I see Trx going down to 5 cents where it will be a good entry point for those looking to buy.
As a side note BTC has control over what happens with the all Alts so for now paying attention to how BTC behaves is a must before entering any trades.
I did not sell my coins im Holding until we move up again. Thank You for reading!
I will update the chart if i see any signal of positive later on.
Please like / follow / comment if you like my first post! :)
Please remember crypto is volatile and always invest only what you are willing to lose.
Buy at your own risk.
Daily chart for TRX/ETH is consolidating.
- Macd has cross over to the down side on Daily chart.
- Stoch RSI is pointing down
- Based on Bollinger bands We can enter around 0.00009230 eth for a possible move up (ASSUMING there are bullish signs and the weekly chart isn't pointing down as well otherwise we will continue to go down if support doesnt hold)
Based on those we can expect more down side before any further movement up.
Worse case scenario I see Trx going down to 5 cents where it will be a good entry point for those looking to buy.
As a side note BTC has control over what happens with the all Alts so for now paying attention to how BTC behaves is a must before entering any trades.
I did not sell my coins im Holding until we move up again. Thank You for reading!
I will update the chart if i see any signal of positive later on.
Please like / follow / comment if you like my first post! :)
Please remember crypto is volatile and always invest only what you are willing to lose.
Buy at your own risk.
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