As we can clearly see correlation between stoch RSI cross over and TRX fall. We can clearly see , even if we blindly follow this , we can still make decent profits. Also this looks like kinda fakeout to kill those bitmex shorters and with this move they are already destroyed. So, People time to do some short on TRXUSD pair !!! You can set Target price as per your...
As, we can see we are currently at very critical level of 4 months and if we can break this we can go fly !!! But remember last time in august when we were at this level bitcoin was at 6000 $ and at this movement at 3900 $. It is amazing that TRX had moved great against BTC !!! But this thing concern us also. This uptrend is also much triggered with free airdrop...
Although considering long wicks , it doesn't look like bearish divergence , but if we neglect this wicks we can see a weak divergence forming also it should be noted that bulls are trying to break upper resistance level for a while and they are not able to break it. Also , one point to be added that this looks prominent on both 4h and daily.
Microchip stock has been in downtrend lately after testing yearly high of 100$ multiple times, this downtrend have followed Elliott impulse waves nicely , now it should follow upward waves , if will test both 80$ and 90 $ resistance during this. Let me know what do you think.