TRXBTC has floored and seems ready to resume its move back up to form a Cup & Handle:
- price has barely budged in regards to the BTC crash. - RSI is at an all time low ; indicating that we're deeply oversold. - A series of hammer have formed on the 4hr ; indicating that the downtrend is slowing down - RVGI seems to be indicating that we're at the start of a trend reversal. - TRXBTC has touched the 450-455 satoshis mark ; and is ready to bounce on it once BTC recovers.
Zlecenie aktywne
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As predicted, TRXBTC bouncing with the BTC recovery. We just the 580 satoshis resistance. Next stop at 600.
Zlecenie aktywne
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We broke the 600 satoshis mark. Next stops are 650, 680, 700.
Zlecenie aktywne
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Done with 700; Next stop 750; then 800.
Zlecenie aktywne
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About to bounce of the 580 satoshis support. Expecting TRX to regain momentum with BTC's recovery.
@yipcode2018, you can press the play button on the interactive chart
yipcode2018
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@CryptoFeynman, do you think is a good idea to sell at .0830 abd buy again at .0600?
CryptoFeynman
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@yipcode2018, I'd say you could always set a stop loss around 790 when we pass 810. If the SL is hit ; the bounce could theoretically happen on 600; so a buy on 610-620 sounds possible. That being said ; I'd say not to bother if you're bullish with TRXBTC.