TRXUSD...learning (4hr chart)

Updated

I think there is a bat pattern completed that will lead the price around 0.05 - 0.051 USD, where is light resistance and will facilitate the rise to the zone between 0.0559 and 0.0595 USD where a wall is waiting (red box). That move could take to an inverted H&S which will back down the price to 0.05 area, and then, if this become true, at least 0.062 USD (1:1 fib trend extension of the bat pattern) could be reached. Finally, positively-blind thinking, If this take strength and bulls get in to, it could easily reach the 0.09 USD zone corresponding to the inverted H&S target. All this should be validated with an increase of volume.. so we will be watching this market.

PD: Sorry my english...
Im totally new ... and Im just learning...
Any help is welcome and totally apreaciated.

-CJ-

Note

What is this?
Is that im so newbie that i see things everywhere?
Or is this a crazy thing?
Market is going down.. TRX to 0.027709 USD? MACD is saying yes..
Any sign of reversal?
Fractal Bat fail for sure?

Note

I should expand my view for the next, cause.. having identify the bottom, why i didnt think in that could be the end of the last butterfly ?!
I will move those things and estimate new targets :)
---- learning :)

Note

Not only the butterflies, the big inverted h&s is included too

Note

CristoJaraba

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