I've been keeping an eye on TRX for the last few days as it's been in a falling wedge pattern for quite some time.
The RSI is starting to tick upwards that coincides with a possible last wave down. Interestingly, there is a cup and handle pattern on the 1 hour chart that i'll be watching closely for a LONG position.
Initial target is the 38.2% Fib of the highs from the beginning of the falling wedge pattern if it can break out of the wedge pattern.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
The RSI is starting to tick upwards that coincides with a possible last wave down. Interestingly, there is a cup and handle pattern on the 1 hour chart that i'll be watching closely for a LONG position.
Initial target is the 38.2% Fib of the highs from the beginning of the falling wedge pattern if it can break out of the wedge pattern.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Not
Re-test of the channel and looks to being respected as resistance. For me, a break above the last daily candle will be the entry point for a long. If it falls, wait for a reversal setup (e.g head and shoulder)Not
Still watching for a pump, reversal patterns appearing on STFNot
Getting close to the upper trend line. Looking prime for a breakout. Stay tuned:
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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.
İlgili yayınlar
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.