TRXUSD; follow the red line
Lower highs and lower lows show bears in full control in this crypto. A well defined downward sloping line connecting recent highs is the line to watch (red line). There are hints however that this market will show a stronger move;
1) A descending triangle
2) RSI still diverging positively
To keep it simple; breakouts out of the triangle set the following goals;
Upside breakout (move over the red line at 0.0338 currently); 0.0540
Downside breakout (move below 0.0310); 0.0110
Ofcourse, the latter would not be a wise trade, one should focus on the first scenario. A break below 0.0310 implies no position (always watch the close).
Just keep track of the red line.
1) A descending triangle
2) RSI still diverging positively
To keep it simple; breakouts out of the triangle set the following goals;
Upside breakout (move over the red line at 0.0338 currently); 0.0540
Downside breakout (move below 0.0310); 0.0110
Ofcourse, the latter would not be a wise trade, one should focus on the first scenario. A break below 0.0310 implies no position (always watch the close).
Just keep track of the red line.
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.