Tron (TRX) Ascending Triangle formed. Breakout possibility.

With the Tron main-net launch coming out in the next two weeks, it is almost impossible for us to remain below the 850 satoshi level. We have seen strong resistance at the 850 mark, but support has been moving upwards on the 4 hour time frame. We already have hit to reaction highs and two reaction lows, so in theory the ascending triangle has been formed.

Trade Signals:
Rising support at 740 and 780 satoshi levels. Likely forming an ascending triangle.
Still in an altcoin bull market, people still investing into new ICO's, evident from Ethereum transaction volume

How to trade

Buy in:
Weak support around 820 with a tight stop loss, (suggestion might be 816)
Somewhere on the trendline, currently around 800 satoshis.

Sell targets:
865 -899 satoshis
1000-1081 satoshis
1200 satoshi level
1400 satoshi level (unlikely)

Thanks for viewing! Please leave any suggestions in the comments box below. You also might want to check out my "tron private test" and "Tron (TRX) Time to get back in after the correction" charts.

I am currently giving out some private high risk charts for day traders, so please message me if interested. They will be similar to the "tron private test" chart, but I don't post them publicly because tradingview prefers longer term ideas since traders cannot cash in on shorter day trade ideas.

評論:

I am aware people are saying the double top is a bearish signal, but we will see who is right in the end.

評論:

First target reached. If we do not have a retracement soon its probably gonna hold and keep going.