TRX/BTC on an upward chanel supportted by EMA20 on the 4H and forming a bullish pennant (1), has more chances to go up from here.
Two extreme cases to consider:
--------------------------------
(2) - If price start a strong rise inside the 54bars from point C and end up breaking the resistance of the bullish chanel by the 22nd January 21:00, then we would validate a bearish AB=CD formation leading to a decay in prices.
(3) - If price break the bullish chanel support and also the support created by the past swing down, we would probably observe a valid double top with higher chances to stablish a mid term counter trend from that point.
Two extreme cases to consider:
--------------------------------
(2) - If price start a strong rise inside the 54bars from point C and end up breaking the resistance of the bullish chanel by the 22nd January 21:00, then we would validate a bearish AB=CD formation leading to a decay in prices.
(3) - If price break the bullish chanel support and also the support created by the past swing down, we would probably observe a valid double top with higher chances to stablish a mid term counter trend from that point.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.