Hi,
This is iJustCoin, the one lucky trader who puts money where his mouth is!
TRX is taking its sweet time before a potential another leg down.
We have 12H BBand Basis as a STRONG resistance, so it might be a nice SHORT entry.
When we will have White Energy at 90M,3H and 6H below level 50 i'll be expecting the Green EMA at the 12H to dip down to the Blue LSMA once again.
In that case price may touch Aqua/Orange BBands on the 12H.
I do not recommend to enter a short position untill we are not DONE with Upward Pressure on the lower timeframes.
Good luck!
Bye-bye!
***
Chart Code:
Blue Bold Dotted Line - Decreasing of Selling Volume
Puprle Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume
Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
This is iJustCoin, the one lucky trader who puts money where his mouth is!
TRX is taking its sweet time before a potential another leg down.
We have 12H BBand Basis as a STRONG resistance, so it might be a nice SHORT entry.
When we will have White Energy at 90M,3H and 6H below level 50 i'll be expecting the Green EMA at the 12H to dip down to the Blue LSMA once again.
In that case price may touch Aqua/Orange BBands on the 12H.
I do not recommend to enter a short position untill we are not DONE with Upward Pressure on the lower timeframes.
Good luck!
Bye-bye!
***
Chart Code:
Blue Bold Dotted Line - Decreasing of Selling Volume
Puprle Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume
Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
Note
I want to point out that there is a HIGH possibility to hit $0.064 on the dailySince we didn't see a hard decline at $0.06 price level it increases our chances to go higher to establish a Simple Rally or Last Point of Supply
I am going to apply HIGH LEVERAGE to short TRX if the price hits $0.065 levels
Note
The price action touched the higher Red Rectangle i am adding up HARD hereRelated publications
Disclaimer
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.
Related publications
Disclaimer
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.