Tron (TRX) Bulllish Bat (0.886 or 786)
Updated
I've noticed that TRX may be forming a Bullish B-886 pattern. This probably cannot be relied on, but if it does go through and can hold the 524 levels, it is a good time to buy in.
If it does hold the 600 sat level, it could be an imperfect Bullish G-786 pattern. Either way, TRX is looking very promising in the short-medium term.
Therefore, if it can hold 600, buy in there with a sell target of 844.
If it drops below 600 but holds 524, buy in there and set a sell target of 823.
Therefore, have a stop loss at 600 and 520, respectively.
And according to one of the top tradingview Bitcoin analysts, we will be above 6000 probably for a while, so this trade may be safe to take if you believe bitcoin can hold or exceed its current levels. Tron is also going to announce a "secret project" in around 26 days, so perhaps that may influence the price.
Thanks for viewing and please leave any criticisms in the comments below.
If it does hold the 600 sat level, it could be an imperfect Bullish G-786 pattern. Either way, TRX is looking very promising in the short-medium term.
Therefore, if it can hold 600, buy in there with a sell target of 844.
If it drops below 600 but holds 524, buy in there and set a sell target of 823.
Therefore, have a stop loss at 600 and 520, respectively.
And according to one of the top tradingview Bitcoin analysts, we will be above 6000 probably for a while, so this trade may be safe to take if you believe bitcoin can hold or exceed its current levels. Tron is also going to announce a "secret project" in around 26 days, so perhaps that may influence the price.
Thanks for viewing and please leave any criticisms in the comments below.
Note
The 0.786 Bullish Bat.Note
I sold most my TRX at 606 due to the heavy resistance, currently looking to re-enter. If we cannot close above 600, the best move will just to sell.Note
Probably going to drop a few more sats
Note
Guys the moment is here. Currently have moved some of my bitcoin into trx right now, with a stop loss of 520.
Related publications
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.