TRON / BitcoinUpdated Tron #4: Time for a major move!
Hello Traders,
After 10 days of consolidation, Tron will most likely move in next 2 or 3 days.
And here is why. Looking at the 4 hour chart for Tron, it is evident that Tron finally found a solid support at the red line that I drew. It bounced this red line on March 18th, April 5th, and April 12-15th. Coincidentally, Tron is also currently at the tip of the symmetrical triangle (black) as well as the horizontal major support. So it would be very unsual if Tron does not show any strength at this point. If Tron failed to go up from here, we will see surge in selling volume (highly unlikely, but anything is possible)
The targets of this trade will be very complicated, but let me give you what I think it's the best
Bottom of the ascending channel (600 Satoshi) --> Buy at green box (580 Satoshi) --> Sell at the second green box (663 Satoshi)
If Tron manages to go above the blue line, I will purchase another batch of Tron.
Happy Trading!
After 10 days of consolidation, Tron will most likely move in next 2 or 3 days.
And here is why. Looking at the 4 hour chart for Tron, it is evident that Tron finally found a solid support at the red line that I drew. It bounced this red line on March 18th, April 5th, and April 12-15th. Coincidentally, Tron is also currently at the tip of the symmetrical triangle (black) as well as the horizontal major support. So it would be very unsual if Tron does not show any strength at this point. If Tron failed to go up from here, we will see surge in selling volume (highly unlikely, but anything is possible)
The targets of this trade will be very complicated, but let me give you what I think it's the best
Bottom of the ascending channel (600 Satoshi) --> Buy at green box (580 Satoshi) --> Sell at the second green box (663 Satoshi)
If Tron manages to go above the blue line, I will purchase another batch of Tron.
Happy Trading!
Note
Touched the diagonal support line again. If this support does not hold, then most likely it will find its support at EMA 200 (498-500 Satoshi). If Tron goes below EMA200, then next support is 470 Satoshi range.I have a bad feeling how Bitcoin moves in next few days.
Note
I will be very surprised that Tron does not make any strength by tomorrow. Trade active
LOL right after I said it will break out XD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.