TRX/USDT Ascending Triangle Breakout?
If daily candle will close above 0.12658 level, TRX breakouts ascending triangle imo. Also stoch RSI is oversold at the moment , it will crossed up. That scenario makes me target to 0.148 at the first stage which is the triangle price target, next I will look for 2 option:
1) It breaks the 0.149 resistance with volume confirmation and closed daily candle above the that price,
2) It pullbacks to the 0.12658 level and bounces back.
Either 1 or 2 will happen, I think new TRX rally will begin.
SL: Trendline can be used as a trailing stop.
Not a financial advice. If you agree or disagree please leave comment. Thanks :)
1) It breaks the 0.149 resistance with volume confirmation and closed daily candle above the that price,
2) It pullbacks to the 0.12658 level and bounces back.
Either 1 or 2 will happen, I think new TRX rally will begin.
SL: Trendline can be used as a trailing stop.
Not a financial advice. If you agree or disagree please leave comment. Thanks :)
Nota
It rejects from fib 0.236 and retested the value closed at 05th April. Everthing working as natural for now. Most possibly it will bounce today, otherwise we will test the triangle support level.Dagangan aktif
It reached both TP points. But I will hodl
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.