#TRX soon ready to go now, lets see if we can hit 1300 :)
Zaktualizowano
Hello again my friends. First, I would like to thank you for a warm welcome to community :) 28 follows onthe first week is far beyond what I expected, but remember that I'm still new to the field and have only been in trading for 4 months. So you always have to take my charts with a pinch of salt, but I try to keep myself as simple as possible and I do not like to trade at great risk, and I mean with that not 1 - 30 min chart. I'm more or less a swing trader.
TRX is actually the chart I've worked the most with as since I was entrying the market in mid December. Something that was a tough journey, first a giant upturn then an even bigger downturn. I decided along the way to learn and understand what I had to do to make money in a market that went downhill. That's why I've spent 4 months studying charts and reading me up on patterns and various indicators to try to practice this.
What I want to achieve with my charts is that people are not going to fomo into things, I like to trade at minimal risk, I think there are too many in here who are traing at big risk but it's up to each other and judging how teir style is.
But back to the chart and congratulations to you who sold on top and have followed the last chart of #TRX I came along with.
This is what I see on the 1 day chart now:
1: Macd, finished with its rounding, and it now shows me that people are getting ready to bay more trx soon, we all know what's up and we now feel that this is a good buy point. We are about equal by buyers and sellers after a long period of time with more sellers than buyers.
2. RSI: My heart root, <3 So, as you see, rsi now shows clear signs of rounding and starting to flatten out. This is as expected when we should reverse the trend again around 56 \ 60 on the rsi bar which indicates that we still bullish. I therefore expect that we will get a few more days of volume again soon.
3: We seem to find support at 38:20 fib, in my channel fiber, it's as expected after we have finished a smaller pullback after after wave 2 to judge, I now expect that wave 4 \ 5 will start from this level.>
Trade safe, stay safe. :)
TRX is actually the chart I've worked the most with as since I was entrying the market in mid December. Something that was a tough journey, first a giant upturn then an even bigger downturn. I decided along the way to learn and understand what I had to do to make money in a market that went downhill. That's why I've spent 4 months studying charts and reading me up on patterns and various indicators to try to practice this.
What I want to achieve with my charts is that people are not going to fomo into things, I like to trade at minimal risk, I think there are too many in here who are traing at big risk but it's up to each other and judging how teir style is.
But back to the chart and congratulations to you who sold on top and have followed the last chart of #TRX I came along with.
This is what I see on the 1 day chart now:
1: Macd, finished with its rounding, and it now shows me that people are getting ready to bay more trx soon, we all know what's up and we now feel that this is a good buy point. We are about equal by buyers and sellers after a long period of time with more sellers than buyers.
2. RSI: My heart root, <3 So, as you see, rsi now shows clear signs of rounding and starting to flatten out. This is as expected when we should reverse the trend again around 56 \ 60 on the rsi bar which indicates that we still bullish. I therefore expect that we will get a few more days of volume again soon.
3: We seem to find support at 38:20 fib, in my channel fiber, it's as expected after we have finished a smaller pullback after after wave 2 to judge, I now expect that wave 4 \ 5 will start from this level.>
Trade safe, stay safe. :)
Zlecenie aktywne
We have a reverse H&S on the 30min charts.Zlecenie aktywne
Zlecenie aktywne
Rsi gets more strength as expected around 60, clearly shows that we will now go more bullish :) Zlecenie aktywne
Zlecenie aktywne
As it seems now, we seem to drop below the trendline from 10\04-18, rsi still has room to fall before we are completely ready to go on the wave 5 run. Nevertheless, I do not expect us to fall as far below 880, possibly 850 sat. Then I expect we will get a boost when we hit trendline from 13\03-18 or beforeZlecenie aktywne
We are still holding our 38:20 chanel fib which its right aroundt 868sat now , i do not expect us to drop below its, if we look at the 4 hours RSI bar we are around 42. If we can hold over this 38 line we shuld not drop below 38:20 fib. Macd should soon cross to a new up uptrend on the same chart 4 hours chart.
I think we will consolidate for a small time frame here around 880 to get more strengthen so we can go on our run
Uwaga
Remember and keep an eye on rsi, important that we do not fall under the trendline. If then I expect that we will take an even longer pullback as mentioned earlier.
Uwaga
The bears are stronge, We mabye hit around 780 - 810 Zlecenie aktywne
we still hold 38:20 channel fib, but as we clearly see the chart, we keep stiff courses down the trendline form this last wave. We are currently in a falling wedge, which indicates a reversal and therefore we should soon expect a breakout, but as I have written before. We still can drop slightly below 38:20 channel fib, before we go.
Uwaga
looks like we also have a big symmetrical triangle if we follow the green trendline i draw from 24\4 This triangle should be bullish since we come from lower highs
Uwaga
Looks like we're finally starting to breakout, let's see how big the volume will be over the next few hours.Zlecenie aktywne
To those who are follow my chart, this is what I'm seeing right now.
it looks like we have short time left to keep the trend line from 26\04-18. (The white short line)
I expect this to happen if we do not breakout within the next 9 hours.
We will trade between 845-860, so the price is maximally compressed and we all know whats happen with the price are so comppressed, so we will get a bigger price response one of the directions
I see someone writing that they think the price is going down to 760-780, it can happen, everything can happen. if that happens, there's no reason for panic, strong support is expected around 780-810 and we should then start wave 5 from there :)
I expect that most of you who have followed my charts on trx have got a good entry price to the next wave or If you have an expensive entry, I might have considered the position if you could get a better price _if_ we falling back to around 800 again. But this will only happen if we fall below the trendline from 26\04-18
Zlecenie aktywne
This is why i love 4 hours chart, its so easy to predict whats happen, especially when it happen in a healthy way :)
We have now only this change to go to moon, or im out of trx for so long, if we drop below this trend im selling out and buying back at some lower point, stoploss for me now some place around 800.
But like im have told, im bullish so i expect us to go to moon now like every one els, look at what happen the others times we have drop below 20 on rsi on 4 chars.
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