TRX (Binance) weekly chart. Buy now for some easy profits.
This is a no brainer, almost a risk free trade.
- Oversold on daily chart RSI (under 30)
- Rebounced off 50 RSI on weekly chart (over 50 RSI = bullish)
- Stoch RSI is oversold on the weekly chart and has just crossed(indicates bullish momentum)
- Held support on the downtrend support line of a potential falling wedge (bullish pattern)
- Volume is non existant, there is no more selling pressure (for now), only way is up
If a upward breakout the falling wedge happens, we could expect a retest of the top resistance line (which would confirm a bull flag formation)
Please sell the top or expect to lose all your profits. TRX will not reach ATH again for now.
Happy profits!
- Oversold on daily chart RSI (under 30)
- Rebounced off 50 RSI on weekly chart (over 50 RSI = bullish)
- Stoch RSI is oversold on the weekly chart and has just crossed(indicates bullish momentum)
- Held support on the downtrend support line of a potential falling wedge (bullish pattern)
- Volume is non existant, there is no more selling pressure (for now), only way is up
If a upward breakout the falling wedge happens, we could expect a retest of the top resistance line (which would confirm a bull flag formation)
Please sell the top or expect to lose all your profits. TRX will not reach ATH again for now.
Happy profits!
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.