TRX 1D Draws "Head and Shoulders" and down?Let's take a look at the global picture of TRXUSDT
It can be seen from the graph that from September 2020 to February 2021 TRX was actively purchased in the range of $0.025-0.035.
And then, after such a consolidation, a logical shot up. The market managed to raise the value of TRXUSD by 500% - whether it is a lot or a little for TRX investors we don't know, we are simply stating a fact.
During the last month, the price of TRXUSDT has been drawing a pattern similar to H&S. Falling volumes during the last trading month strengthens the possibility of working out this pattern.
What we can expect from the Tron price in the future?:
1) The critical level from above $0.155, if it cannot be broken upwards, then a strong fall in the TRXUSD price cannot be avoided.
2) The base of the theoretical H&S is in the area of $0.10 and if the price pierces it down , then the first liquidy zone that will meet a fall will be $0.05-0.06
3) Most likely in the zone of $0.05-0.06 there will be a consolidation, where it will be decided: the price of TRXUSDT will rise again to $0.10 or fall even lower to $0.025
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
