TRON potentially clawing itself up off the ground???
After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal!
Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern.
IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking
at candlestick formations to enter off bullish engulfing candles on 4HR TF.
Short term play is also possible if Darvis box is formed for internal trend trading.
TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement.
If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play.
LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders;
Link in profile description!
Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern.
IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking
at candlestick formations to enter off bullish engulfing candles on 4HR TF.
Short term play is also possible if Darvis box is formed for internal trend trading.
TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement.
If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play.
LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders;
Link in profile description!
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