TRON / BitcoinShort
TRX due to retest 200ma
On the 4 hs, TRX double top, with SMA nearing a cross to a bear territory, volume decreasing, however in a trend wedge with favor the bulls and some big long positions sitting on the order book have been notice today. TRX is moving in a wedge formation at the moment, as said that this could mean continuation above the 200ma, but I have mix signals about it...
I think by the time TRX maybe is ready for a bullish continuation move, BTC will fall further pulling it below the 200ma in the next 6-48hs.
I deep below the 765 resistance would invalidate a trend continuation IMO, we will see it soon.
I think by the time TRX maybe is ready for a bullish continuation move, BTC will fall further pulling it below the 200ma in the next 6-48hs.
I deep below the 765 resistance would invalidate a trend continuation IMO, we will see it soon.
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