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-leasta 10% upside move.
Buying below 0.00000625 BTC
Targeting Above: 0.00000669 BTC
STOP: 0.00000576 BTC
Timeframe: 7 Days
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Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.