- It’s a great opportunity to short TRX on the market. You can short TRX on almost all exchanges. So it’s very positive!
- The of Tron looks very . Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
- The uptrend from 2020 to 2021 looks like a three-wave structure. It’s not looking good to me. It’s not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
- This chart indicates that more blood is coming for the crypto market. It’s possible!
- I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
- If you hold TRX , then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
- But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.