TRXBTC - Cup and Handle (LONG)
It appears that TRX is in the process of forming the "handle" after a "cup" that's been formed from over a decently long period of time.
Given the apparent consistency with the normal characteristics of this charting pattern, I would recommend those who are looking to place long positions on TRX to wait until we hit the bottom of the handle formation, which I expect to be as low as 387 satoshis (previous resistance became new support).
Happy trading!
Given the apparent consistency with the normal characteristics of this charting pattern, I would recommend those who are looking to place long positions on TRX to wait until we hit the bottom of the handle formation, which I expect to be as low as 387 satoshis (previous resistance became new support).
Happy trading!
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