TRON Falling Wedge Perfect in time for testnet launchSignals:
Tron perfect falling wedge.
Very close to test-net release which can help it break up, not down. This will likely increase volume and push BTC level higher.
RSI oversold
What to do:
Sell positions before or during mainnet pump. Look at 38.2 and 61.9
Does buy the rumor, sell the news apply here?
Trxbotlong
TRX Consolidation may bring us to ATM $$$TRX is at a level of potential recovery.
We can definitely see in the DAY time frame chart the end of the downtrend structure and it may bring us back to profit.
We have to be careful !!
We could be seeing TRX back to the 275 area cause of its need to square UP at this level and this is probably his best opportunity to do so.
The RSI is giving us a great sign of recovery whit a potential short drop to 275.
If it doesn't go further down, we could be on our way to hit the ATM on a long term trade.
If it goes down, we definitely have a greater opportunity to hit the JACK POT witch could bring us a 300% profit or more !
As for the short term, we could be expecting a fast recovery to its first resistance of 600 (BTW, this would give us an easy and quick 30 to 50% depending on your entry point)
Do not enter TRX without having a confirmation of his next move. The RSI is providing us a great idea of where we are going BUT wait for the perfect timing to minimize the risk and MAXIMIZE your PROFIT !
Risk management is the Key to success in Crypto.
Follow me on telegram to be updated on this trade. (link is below)
Like the chart if you agree and comment to share your opinion !
TRX/BTC Wavecount and possible short/long term targest.Here's my take on the whole TRX/BTC train, there's a lot of FOMO/FUD on this one and it's kind of new so these results may vary greatly, but here's a rough idea what might happen in the future. I know a lot of people are waiting for a breakout, but I think it'll either keep stabilizing around $0.6 or drop down to $0.3 which would be healthy. And then skyrocket since this one pumps so hard I can't even tell where it's going to stop.
If you think I'm wrong on the chart, let me know I'm still learning and greatly appreciate constructive criticism since we're all here for the same reason and it being massive gains~