TRBUSDT (TRB) - POSSIBLE PRICE ACTIONS ANALYSIS ๐
- TRBUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend โฌ๏ธ: breakout above the symmetrical triangle's inclined resistance.
- Downtrend โฌ๏ธ: breakdown below the symmetrical triangle's inclined support.
TARGETS ๐ฏ
- Uptrend โฌ๏ธ: Horizontal resistance levels (R1, R2, R3, R4).
- Downtrend โฌ๏ธ: Horizontal support levels (S1, S2).
TRBUSDT trade ideas
TRBUSDT is testing daily resistance ๐ฆ$TRB.X had a breakout from weekly resistance, and now the price wants to retest it. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Ascending Triangle on TRB Penetration ImminentAscending Triangle inside a broadening wedge with trending Volume. Usually when there are three or more green volume bars, one longer than the other is a good sign of strength.
Accumulation Distribution is above its EMA13 and trending nicely.
Target is the measured move off the ascending triangle which coincides with the 1.68 fib extension. Target: $47.568 StopLoss: $31.083
There is not much to say.
A LIKE would be extremely and massively appreciated. Thanks in advance!
PS. Just an opinion, trade carefully, and do your research, don't get too excited or too depressed, keep it cool. Educate your self. We are our own masters of our trades. Best of Best! :)
$TRB - gonna popThis chart looks very nice, looks to be ready to pop out this bottom range - a 5 month area of consolidation
The coin only released very late August 2020, with only a 1,7 million supply
It's another DeFi project that works in decentralised lending, where they work on providing solution for oracles and collarorations with ChainLink.
Technically a very nice chart, and fundamentally very sound too, fill the bags boys