TRX/BTC Ready for a Massive Rally
Welcome to my first TradingView post!
After a solid rally, TRX/BTC has been retracing for a few weeks, put in an ABC correction, and caught support between the 50 and 100 EMAs. After printing a higher low, TRX/BTC looks ready for another massive rally.
The MACD is showing a bullish cross and the RSI is picking up rapidly here on the daily chart. The chart looks very bullish. My personal entry is 246 satoshis. If there is a rejection, there is a strong support at the 230-250 satoshi range.
The 250-280 satoshi range looks like a potential entry zone for a long position right now. Potential targets are at 350, 415, and 450 satoshis. However, this chart can easily reach 500+ satoshis on this rally (check out the weekly chart!). As such, I am strongly bullish on TRX/BTC.
Leave your own thoughts and comments on whether you agree or disagree with my analysis below, and leave a like/follow if you liked my analysis! Thanks for reading, happy trading.
Price at writing: 0.00000267 BTC (267 satoshi).
After a solid rally, TRX/BTC has been retracing for a few weeks, put in an ABC correction, and caught support between the 50 and 100 EMAs. After printing a higher low, TRX/BTC looks ready for another massive rally.
The MACD is showing a bullish cross and the RSI is picking up rapidly here on the daily chart. The chart looks very bullish. My personal entry is 246 satoshis. If there is a rejection, there is a strong support at the 230-250 satoshi range.
The 250-280 satoshi range looks like a potential entry zone for a long position right now. Potential targets are at 350, 415, and 450 satoshis. However, this chart can easily reach 500+ satoshis on this rally (check out the weekly chart!). As such, I am strongly bullish on TRX/BTC.
Leave your own thoughts and comments on whether you agree or disagree with my analysis below, and leave a like/follow if you liked my analysis! Thanks for reading, happy trading.
Price at writing: 0.00000267 BTC (267 satoshi).
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