Moglli

TRX potential break out early next week.

BINANCE:TRXBTC   TRON / Bitcoin
cloud thinning and long term trend support.

I am not suggesting a retracment to an all time high, but rather im expecting to see an Elliot triangle wave to form which is not detailed here. I will be doing further analysis tomorrow which will include this trend.
I have heard that for crypto the ichimoku cloud should be configures as 20,60,120,30.
At least this is what is usally seen in charts showing crypto and ichimoku clouds..

And doing so the cloud is not near the price chart...

But is 9,26,52,26 more correct?
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Moglli flamsk
@flamsk, i will have to do more reading on that. I wasnt aware of it!
I chose that config as it seemed to have propper indicators for trons past performance. But as i said, i couls be wrong and will do further reading. Thanks for bringing it up!
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Everyone says TRX will drop so bad. If this is true what is saving it from dropping now? It went near 650 and recovered it self to 690 sat and is still above one of it's important support lines (657 sat)
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Moglli rsedaaghi
@rsedaaghi, There is an old support line at its most recent bottom, the buy pressure at that support level is what is keeping at above.
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@Moglli, I guess we have to wait. Deciding what to do now is very risky. Thank you so much for your attention ^_^
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Moglli rsedaaghi
@rsedaaghi, I totally agree, imo it would be wise to hold off any position until we get further conformation of weak resistance at that line. if we do and it starts to break that would be the time to solidify a position.
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