The price of TRXBTC cryptocurrency after three up waves is now in corrective cycle wave 4. From a technical point of view, the shape of wave 4 resembles a flag ( ) pattern and from the point of view - a .
A cluster of Fibonacci levels, which is the abolition of 61% of the last growth swing, is between the ranges 0.00000796 - 0.00000888, just above the level of support at the level of 0.00000690. This should withstand the pressure of supply and be the basis for further growth.
Breaking the mountain towards new peaks will be sudden, violent and fast. The first target level is 0.00002420, the second - 0.00002894 (as far as the 4th wave at the level of 0.00000690 will not be violated)
TREND AND IMPORTANT LEVELS:
Main trend: GROWTH
Intermediate trend: DROP
Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking)
- for further increases - level 0.00001398
- for continuing correction - level 0.00000888 and 0.00000796
- for the continuation of decreases - the level of 0.00000690
PS: Be sure to add me to the watchers!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Please watch the green support line at the level of 0.00000479!
Buyers defend the support, but for how long?
Good Luck! :)
On the other hand, I bout at 300 satoshi so it is OK and I belive in the project for the long term.
I think to hold will be the best option but in future I will not put so much in one asset. Currently I have about 40% of trx