TRXUSD trade ideas
TRXUSD good buying opportunity
- TRXUSD is retesting structure support
- Structure is pushing up
- Market formed a harmonic pattern
- Price was building in a symmetrical triangle
- Confluence of the counter-trendline support and local support area
- Overall trend is bullish
- Sentiment - Neutral
- ( Candlestick ) ??
- Plan is to go Long on a rejection of support zone
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
HIGH ETH GAS FEES = MIRGRATION TO TRX CHAIN FOR SMART CONTRACTSEveryone is being told that Ethereum 2.0 proof of stake Blockchain is two months away. I have even seen reports of two weeks away! The Ethereum developers are the most conservative out of any chain. Why? They have the most to lose, being the number two crypto on the market by "market cap".
The number of projects built on top of the ETH Blockchain has swelled due to a big shift toward decentralised applications in finance, gambling and smart contract matrices because this removes the risk of bad actors 'exit scamming " with your money.
The combination of these factors and BRRRRRRRRRR of printing presses skews my fundamental analysis toward a bullish crypto outlook, albeit with very short lived pullback.
Tron can give 20% return in upcoming daysthe coin has formed a triangular pattern. If the price breaks above 7% of the current position, it can see a rally of 18% in upcoming trading sessions. TRX price can also see a new low if it comes below the triangle.
The volume indicator is at 2.28M with the hint of lower buying pressure. If the price climbs above $0.06, then a strong buying volume can be seen.
Kindly comment your thoughts below
