Sleeping Monster!
Updated
Hi Peeps,
Tron is having a hard time here and other then the fundamental news supposedly to come it doesn't have anything else supporting it.
Many people asking what is a good price to buy before the news comes out, I don't know the dates of the news maybe you can tell me. However this coin is trending down, we need to appreciate that and currently the next major support is down is .00000358
You will see the 50ema and the 20ema travelling over the top of the price, we have no signals here for an upward move.
In the past we have bounced off higher levels the .00000358 but keep in mind the overall market is getting weaker by the day not stronger. We have no volume or momentum for a break.
Here I would grab a seat on the sidelines and let TRX find its bottom, when this happens I will update you and we can trade this coin. I like it I agree it has massive potential but at the moment stick to other alts that are making us cash.
We currently have a very good success rate on the alts making around 20% per day this is from trading the right set ups and here all I can see is a short.
I have overlaid the fib so you can see we are floating in between the .786 and the bottom but we can go down to .00000358 and this is what the chart says.
Cash Is King! Come join us and make some cash on alts trending in our favour and let this monster sleep. When it wakes up I will be the first to tell you.
Tron is having a hard time here and other then the fundamental news supposedly to come it doesn't have anything else supporting it.
Many people asking what is a good price to buy before the news comes out, I don't know the dates of the news maybe you can tell me. However this coin is trending down, we need to appreciate that and currently the next major support is down is .00000358
You will see the 50ema and the 20ema travelling over the top of the price, we have no signals here for an upward move.
In the past we have bounced off higher levels the .00000358 but keep in mind the overall market is getting weaker by the day not stronger. We have no volume or momentum for a break.
Here I would grab a seat on the sidelines and let TRX find its bottom, when this happens I will update you and we can trade this coin. I like it I agree it has massive potential but at the moment stick to other alts that are making us cash.
We currently have a very good success rate on the alts making around 20% per day this is from trading the right set ups and here all I can see is a short.
I have overlaid the fib so you can see we are floating in between the .786 and the bottom but we can go down to .00000358 and this is what the chart says.
Cash Is King! Come join us and make some cash on alts trending in our favour and let this monster sleep. When it wakes up I will be the first to tell you.
Note
We are getting close to the target I had set but we still don't enter until we see the bounce..00000358 though more then likely it will bounce and will be a good buy at this price.
Note
We have hit the target I hope I saved all the bag holders a fortune on this trade.....Now what to do?
We need to see a bounce for this to be a buy.
I am going to check charts and update you.
Note
So far we still look bearish I will check again in half hour and if looking the same I will provide the next target down.Note
there is some fundamental info on Toronto but the charts tell us we are still going down..targets below, I will do a new trade idea on this also.
Note
Target 1 has been reached and we are seeing a bounce here we need to watch this
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