Hello everyone,
hope you are fine.
In the french version of TradingView, I had posted a new analysis the 22 january :
I expected a pump of TRX because of the BTT Aidrop annoucement.
I was thinking that TRX can draw a V bottom pattern, with a pullback at 0.026 area.
And now ?
Tomorrow it's the first BTT Airdrop for TRX holders.
It means that it's the best moment to verify if TRX is in the V bottom pattern ( at the right of the chart ) OR if TRX is in a classic inverse head and shoulder.
If the price goes down to 0.023, I will expect a come back in the 0.019 area.
On the other hand, if the price go back to 0.028, I will expect that the pullback is confirmed and that TRX is ready to go higher to the next resistance at 0.033 and 0.040 .
Of course, it's essential to monitor the Bitcoin price, even if TRX show a lot of signs of emancipation.
hope you are fine.
In the french version of TradingView, I had posted a new analysis the 22 january :
I expected a pump of TRX because of the BTT Aidrop annoucement.
I was thinking that TRX can draw a V bottom pattern, with a pullback at 0.026 area.
And now ?
Tomorrow it's the first BTT Airdrop for TRX holders.
It means that it's the best moment to verify if TRX is in the V bottom pattern ( at the right of the chart ) OR if TRX is in a classic inverse head and shoulder.
If the price goes down to 0.023, I will expect a come back in the 0.019 area.
On the other hand, if the price go back to 0.028, I will expect that the pullback is confirmed and that TRX is ready to go higher to the next resistance at 0.033 and 0.040 .
Of course, it's essential to monitor the Bitcoin price, even if TRX show a lot of signs of emancipation.
Naïm Boubziz