hhein

hhein Updated 

0x has been on an absolute tare today. Currently hitting 100EMA on 4hr. Most definitely overbought on 1hr time frame and is losing momentum as macd histogram is curling down but the price is making higher high. 4hr RSI is currently at 65 and looking to make a slight correction in the short term. I don't see us getting out of this wedge today but once it breaks out...

hhein

The chart should says it all. Could over extend a little bit more.

hhein Updated 

As you can see, we are in a wedge pattern in blue. A couple of days ago we broke out but failed to hold top of the wedge as support. Now it seems highly probable that we will get a false brake out once again. Seeing as BTC is in a bear flag consolidation pattern that will likely break down to 7700 - 7800. With that in mind, you can see a cup forming on the chart....

hhein

WIth mainnet and airdrop around the corner I expect TRON to run up much further. Looking at 1HR candles it looks like we have a descending wedge forming. If it breaks out of the wedge I expect TRON To run up until 0.618 FIbb (958 Sats). Not a lot of resistance after that. 1 FIbb (1355 Sats) can easily be reached after a significant pull back. For now, lets see if...

hhein

This is how I see TRON playing out.

hhein

Looks like head and shoulder pattern is forming. It has shot up 100% since the lows. I am expecting close to 50% correction and wont be catching falling knives. Volume has also died down. Not financial advice.

hhein

As you can see on the chart, every time we've had a long red candle or a hammer (where body is bigger than the wick) followed by large green candle or green hammer we've had sizable run up. We are about to test purple resistance line where we've tried to break through on 10 different times and got crushed most of the time. Therefore, I expect us to fall back down...

hhein Updated 

Will we have a repeat of same pattern right after ATH last month or will we finish cup and handle formation (close above green trend line) and break for the upside to test ATH again? Increasing volume would be very bullish but that isn't the case right now. I am expecting a sell off after re-brand. 50 MA is currently acting as support and closing below would...

hhein Updated 

Do you agree?