Golden Tux (1 of 300) $100 initial
TRX is currently in an upward channel and has a lot of support below on all sub charts. Be careful to watch BTC to see its movement. The larger price movements in BTC can encourage the movements of the alts.
Thus...
(1) wait for TRX price movement to move towards the 200 EMA @ approx 0.0249. Here we should see support at this level and sense it has not tested this level inn recent history, we should see bounce and an opportunity to pick up some percentage points. This is where i will place my $100 by
(2) If BTC stays flat or moves north, there is a potential to see a more north to .028 (12%) and this would complete the 3rd wave of Elliott and evolve into another retracement
(3) This is the daily chart... so if BTC stays relative to its recent movements, the price won't move fast... take profits on the bounce and re-enter. If you are online and see a breakout north, this is the only time I would ride the wave (only on a volume breakout).
(4) Otherwise, take profits early, use the price point of 0.028 as the nearest term northern boundary.
(5) Remember EMAs are area weapons of Trading and not Sniper weapons... IF we miss a trade near the entry, DO NOT chase because there will be more opportunities the next day.
More tomorrow... Happy Trading Earthlings
Thus...
(1) wait for TRX price movement to move towards the 200 EMA @ approx 0.0249. Here we should see support at this level and sense it has not tested this level inn recent history, we should see bounce and an opportunity to pick up some percentage points. This is where i will place my $100 by
(2) If BTC stays flat or moves north, there is a potential to see a more north to .028 (12%) and this would complete the 3rd wave of Elliott and evolve into another retracement
(3) This is the daily chart... so if BTC stays relative to its recent movements, the price won't move fast... take profits on the bounce and re-enter. If you are online and see a breakout north, this is the only time I would ride the wave (only on a volume breakout).
(4) Otherwise, take profits early, use the price point of 0.028 as the nearest term northern boundary.
(5) Remember EMAs are area weapons of Trading and not Sniper weapons... IF we miss a trade near the entry, DO NOT chase because there will be more opportunities the next day.
More tomorrow... Happy Trading Earthlings
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