TRX sitting at strong support

25 May 2019

TRX has finally reached a weekly support level. Right now, its forming a falling wedge with no strong resistance until 450ish. If we close above the 2 moving averages shown, this should be a decent trade. I took the freedom to draw a few horizontal resistance lines.

1 Haz 2019

Not

there ya go

Could possibly go even higher in the next days/weeks

3 Haz 2019

Not

careful here

15 Haz 2019

Not

probably decent reentry at this region. bullish div on 2h and we just reached the .618 fib retrace