TRXUSD : Bearish signals before MainNet..?
Presently, I really DON'T think this is a probability, but everything in Crypto is a POSSIBILITY which, as Traders, we must consider all:
We have a Head & Shoulders Pattern forming, and a Bear-Flag already formed. Virtually all time-frames have a Bearish MACD (surprisingly).
TRX has been holding up incredibly well against BTC these past few days, but are we seeing signs of weakness pre-MainNet..? Hmmmm
I am going to wait until this H&S Pattern become invalidated before potentially jumping into Tron.
Good luck out there! :-)
We have a Head & Shoulders Pattern forming, and a Bear-Flag already formed. Virtually all time-frames have a Bearish MACD (surprisingly).
TRX has been holding up incredibly well against BTC these past few days, but are we seeing signs of weakness pre-MainNet..? Hmmmm
I am going to wait until this H&S Pattern become invalidated before potentially jumping into Tron.
Good luck out there! :-)
Note
Oh yeah, if a 30min Candle close BELOW $0.65, I'd then be careful going long right now.Note
TRON bear scenario, unbelievably, might be playing out right now. Stay sharp
Note
If TRX closes the next 1HR Candle above $0.0645, then I'll probably be Bullish and consider opening a short-term Long position.Note
TRX remains weak...it's barely holding at $0.0597.BTC looking weak with Lower-Lows etc, and expecting at break below 7K relatively soon.
Next potential Buy Zone for TRX is circa $0.053. We'll need to re-assess then.
Best of luck to you all :-)
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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.