NomadMoxy
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TNT vs BTC Long

BINANCE:TNTBTC   Tierion / Bitcoin
TNT             has been moving within this wedge . I am opening a long position.

TP: 0.0001

Duration of trade: 1 year.

交易進行: nice bounce. movement within the wedge.
交易進行: looking good for a breakout.
交易進行: TNT has the nicest descending wedge forming. We are looking for a breakout in between 2 days and 1 week. Target 1: 2600
交易結束:目標達成: Target 2: .00004200
Target 3: .00005400

Long term target:
.0001

The breakout happened within our time frame and decided to come in the first part of the window.

Here is where things get tricky. This was an increase of 170% in a 6 day period. This came smashing a new ATH. I would expect a retracement along the downside of the equilateral triangle in the short term. Support is in the 1600- 1900 levels depending on how many days it takes to retrace. There could also be a move into consolidation.

Use capital management to assess your gains. I have sold 15%

Right now there is a divergence in high trend and low trend. It is possible, that price continues to climb, but it is unlikely based on this TA.

交易進行: It did indeed fall downward.

It has broken the upward trend line and is not looking for support in the 1600 levels.

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