It is what it is. An "indecisive doji" forming above the trend line and support. Expecting the the market to test the trend line support and | or the critical support at this point. The infamous dip should come around the highlighted range in RED. BUY zones are totally speculative at this point. The Candle stick in 1 day pattern suggests a weak selling...
Trend Analysis : Cup and handle trend formation. According to the cup and handle trend rule, fib correction should fall in the range of 61%, which it does @10135 sats followed by uptrend movement. Another fib correction at 15 - 20 % after the end of the cup and handle. Assuming bullish trend of Elliot wave, I have laid out the targets. Buy Entries for safe bet @...
This is a simple analysis based on past trends of the price action of TRX. Notice the Dips in the past, I have highlighted three of them. This dips happen after a sharp rise of the price of coin. Common phenomenon in cryptocurrency world. These dips bring back the price to almost exactly the same level to when the price action starts to break a new ATH. I am...
Hi All - Just an update to my last post. We will soon hit the lowest low possible. A trend reversal is definite possibility now. Expecting a low in the range of 280 - 460 before a major trend reversal. We've already rode the 1st complete cycle of Elliot Wave followed by correction . Volume still holds well above 25,000 BTC even after this severe correction,...