TRX is still trending upwards. We are looking to see if it can break resistance at the 200-day EMA. Closed above it once and then back down. Stochastic and 5/12 EMA look good. Profit targets at 45% and Stop loss at 15%.
This setup will be invalidated if we close below the trendline in purple. A break above the 200 EMA (yellow) should be seen as a bullish sign.
This setup will be invalidated if we close below the trendline in purple. A break above the 200 EMA (yellow) should be seen as a bullish sign.
Note
Still wedged in between the 200EMA and the trendline.Note
Support broken. Will probably retrace 100% of recent gains.
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.
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.