TRX 4 hour still in uptrend. Retrace and 5th wave coming soon
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notice the double bottom which was the sharp low head for the inverse HS pattern. Once the other shoulder completed TRX took off which I believe is the brute of wave 3 where it met some resistance and seems to be struggling to break through. Although seems to still be well within the ascending trend and should expect a little retrace down to the bottom red support line and hopefully see another bounce to complete wave 5. Also take note of the MACD bullish crossover. With BTC also increasing I would expect this TRX analysis to be very probable.
-Thanks
#newb
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possible scenario for today
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little update
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that is why I say to buy back in if you shorted in case the cup and handle formation completes and TRX goes into a steep uptrend, you do not want to miss that!
...don't forget TRX MainNet launch is approaching VERY quickly
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.