TRBUSD
TRB/USDT - possible triple bottom forming?Hi all !
I like to keep it simple with the top quality alts. Fundamentally, we do not need to spend any words on the Oracle projects like Tellor. These projects are "less risky" if we consider them as a long term players that would achieve new ATH for sure.
After my LINK/USDT analysis which is going according to the plans, I think that if the market keep with the momentum that it had these last weeks, we might see an explosion in the TRB/USDT pair as well. Besides very healthy chart which we can see: healthy push after Binance listing and then healthy retracements to find the natural support are very good signs for sure.
If we keep today's daily lows, we might have triple bottom formed as marked on the chart. That's very bullish sign and if the price confirms that, we could target 145% + profits (Daily Resistance 2) in the coming weeks. However, if that plan does not come through, I would happily follow new signals and keep DCA-ing projects like TRB.
Thank you for your time !
I would also like to hear your thoughts on possible TRB movements in the near future. Your comments and support are much appreciated !
p.s. feel free to check my LINK/USDT idea and tell me your thoughts about it as well.
Happy trading!
TRB/USDT (4x Key Support Retest)💎Technical Analysis Summary💎
BINANCE: TRBUSDT
-TRB is back at its key level of support around 19 dollars
-This will be the 4th time it will be tested
-This is crucial for this coin because the support becomes weaker over time
-Please let this be a warning and plan your trade
-Always your proper stop location
-But if you are looking to short this market
-Wait for the support breakdown confirmation
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TRB/BTC (Retest Previous Swing Support)💎Technical Analysis Summary💎
BINANCE: TRBBTC
-TRB failed to break the key level of resistance
-The price fell back to near its previous swing low support
-The Bulls must defend this zone otherwise Bears will take the lead
-Wait for any Bullish reaction or reversals before buying at key support
-Reducing the risk by increasing the probabilities of winning is a must
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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
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TRB/BTC (Potential Bullish Reversal Pattern?)💎Technical Analysis Summary💎
BINANCE: TRBBTC
-TRB is currently forming an inverse H&S pattern
-This is a bullish reversal pattern
-The key trading approach here is to wait for the breakout
-Entering on the neckline breakout will confirm the idea
-And an upside potential is up to 4500s sat
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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
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TRB/BTC possible bottomAs you see traingle formation in the bottom
If the bull can save the trend line support we can see great jump more than 100%
The buy areas can be one of two things :
1-After break of trendline resistance (recommend more safe entery)
2- buying around current price with stoploss break of local trendline support (risky)
TRB/BTC (Another Lower High)💎Technical Analysis Summary💎
BINANCE: TRBBTC
-TRB broke its previous low support around the 1700s sat area
-Another lower high is confirmed and the downtrend continues
-We might see a potential bearish retest
-But the priority of the market is downward
-Always follow your trading plan especially your stop loss
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Trading Involves High Risk ⚠️
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TRBUSDT: Possible Long (10.09.2020)On D1, a strong divergence has formed between the price and MACD, which indicates the end of the downward movement.
Also, the price broke the borders of the falling wedge pattern.
In the near future, we should expect the price to continue rising in the direction of the upper line of the descending channel.
We recommend buying at the local price correction on H4 and H1.
update on trbsorry guys for late update i was really busy . as you know when a support breaks you sell . so you could sell in two directions . i couldnt really find good data about trb in trading view so i checked cmk , there is a major support left in that direction ( green zone ) . watch it , if it reacts to support next will be 14.5 then 18 . if this support breaks price will go to hell
TRB/BTC (Retested Previous Support)BINANCE: TRBBTC
-TRB is back at previous support area, currently, it is holding up
-The downward trendline resistance is acting a strong barrier
-Keeping the Bears in control in the short term
-TRB must hold 2600 sat range for the next 7 days
-Technically, I recommend buying the breakout above this channel
-This will confirm that the short term downtrend is over
-And the bigger trend which is Bullish will continue higher
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