TRX has seen some crazy gains over the last 2 weeks and everything that goes up must come down. The sellers are worn out and as the correction carried farther and farther all that was left was buyers... this is what causes the spike to happen from one point of view.regardless how you see it. It has started the spike and looks to be consolidating. We should see more upwards movement soon.
Prices have broken out of a descending triangle which is a bullish chart pattern.
Mixing Elliott Waves and Chart Patterns is a key to success I believe as I have been taught to do this to get a higher rate of accuracy. But if you mix too many different indicators or techniques it can lead to a very flawed analysis... I hope I am right here and only time will tell.
I encourage everyone to follow me on my steemit blog. where I will begin posting a lot more and being a lot more active. I think I may start a news channel over there as well as post a lot more charts by request of my followers.:)
You can find me @cryptosuf with my lion logo.
Good luck everyone
Prices have broken out of a descending triangle which is a bullish chart pattern.
Mixing Elliott Waves and Chart Patterns is a key to success I believe as I have been taught to do this to get a higher rate of accuracy. But if you mix too many different indicators or techniques it can lead to a very flawed analysis... I hope I am right here and only time will tell.
I encourage everyone to follow me on my steemit blog. where I will begin posting a lot more and being a lot more active. I think I may start a news channel over there as well as post a lot more charts by request of my followers.:)
You can find me @cryptosuf with my lion logo.
Good luck everyone
