TRX 12h How much more to grow
The last time we did a global idea for TRXUSDT was in May of this year, less than two weeks before crypto prices started to collapse (ohhh, then we read a lot of hate .... "what are you writing, this growth can't be stopped, etc." but :)
Since then, the price of TRXUSD has managed to fall by -65%:
The TRXUSD price has been rising almost uncorrected for the past two months and has almost worked off all of its losses.
The TRXUSDT price has been trading in a 20% corridor of $0.10-0.12 for the last few days and most likely, buyers are preparing for another upward momentum.
To confirm their strength, buyers should at least keep the TRX price upper $0.10 for the next few days and at most hold above $0.12.
We assume that the growth retardation can start in the range of $0.13-0.144, in this zone fully compensates for the May fall. Deceleration in this area may be provoked by the fact that traders, who had been in a drawdown for 5 months, will want to fix position at break-even and forget about this negative experience.
If the area of $0.130-0.144 will not have critically large trading volumes, it will be a signal that the sell-off time has not come yet, and the growth itself may continue at low volumes, as it has been doing for the last months.
Targets for a move higher are shown on the chart — $0.155 and $0.169
_____________________
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Since then, the price of TRXUSD has managed to fall by -65%:
The TRXUSD price has been rising almost uncorrected for the past two months and has almost worked off all of its losses.
The TRXUSDT price has been trading in a 20% corridor of $0.10-0.12 for the last few days and most likely, buyers are preparing for another upward momentum.
To confirm their strength, buyers should at least keep the TRX price upper $0.10 for the next few days and at most hold above $0.12.
We assume that the growth retardation can start in the range of $0.13-0.144, in this zone fully compensates for the May fall. Deceleration in this area may be provoked by the fact that traders, who had been in a drawdown for 5 months, will want to fix position at break-even and forget about this negative experience.
If the area of $0.130-0.144 will not have critically large trading volumes, it will be a signal that the sell-off time has not come yet, and the growth itself may continue at low volumes, as it has been doing for the last months.
Targets for a move higher are shown on the chart — $0.155 and $0.169
_____________________
Do you like the idea fulfilment? Does it help you trade and make a profit?
Do you want more forecasts from us?
Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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