Technical Analysis: TRX/BTC

Technical Analysis: TRX/BTC

Uncategorized
February 22, 2019 by Hitesh Malviya
1767
TRX/BTC had a massive rally in Dec-Jan, which eventually came to an end on 5th February, After BTT Airdrop happened. TRX/BTC has been dropping since last two weeks, Hence forming a Falling wedge on Daily chart. Let’s look at technical analysis to understand how we could trade TRX/BTC for profits. Big Falling Wedge formation on
Technical Analysis: TRX/BTC

TRX/BTC had a massive rally in Dec-Jan, which eventually came to an end on 5th February, After BTT Airdrop happened. TRX/BTC has been dropping since last two weeks, Hence forming a Falling wedge on Daily chart. Let’s look at technical analysis to understand how we could trade TRX/BTC for profits.

  • Big Falling Wedge formation on Daily chart
  • Stoch RSI is Oversold and consolidating.
  • MACD is currently bearish but giving an early bullish sign.
  • Falling wedge could break anytime soon for at-least a 10% upside move.

Trade signal

Action: Long

Buying below 0.00000625 BTC

Targeting Above: 0.00000669 BTC

STOP: 0.00000576 BTC

Timeframe: 7 Days

Join our official telegram channel to get free trading signals.

Must Read Trade Recommendation: Quarkchain

Add a comment

Join Us
AND GET OUR LATEST CONTENT IN YOUR INBOX

SUBSCRIBE 
Your information will never be shared

Share This

Share this post with your friends!