TRX Tron Massive Descending Wedge Potential Breakout
After being in a consistent downtrend since December of 2017, trx/btc has come to a crucial crossroads as it encroaches on the 3 year historical resistance line.
The case for a break to the upside:
1) Beautiful swooping weekly stoch follow through
2) Local Cup and Handle heading towards completion right at resistance
3) Bullish territory RSI on the daily
4) Re-test and push above the 50ema on the weekly
And most importantly, with the entire market being bullish for the past 2 months, TRX may very well be the next to experience its bull run. It's certainly due.
That is no guarantee, though...and we don't trade off obligations or hopium.
The play here is to wait for a clean breakout of the trendline on the weekly and possible retest before further upward continuation.
Or this thing could just shoot a green missile before you blink. Such is crypto right now.
This is not financial advice.
The case for a break to the upside:
1) Beautiful swooping weekly stoch follow through
2) Local Cup and Handle heading towards completion right at resistance
3) Bullish territory RSI on the daily
4) Re-test and push above the 50ema on the weekly
And most importantly, with the entire market being bullish for the past 2 months, TRX may very well be the next to experience its bull run. It's certainly due.
That is no guarantee, though...and we don't trade off obligations or hopium.
The play here is to wait for a clean breakout of the trendline on the weekly and possible retest before further upward continuation.
Or this thing could just shoot a green missile before you blink. Such is crypto right now.
This is not financial advice.