TRX/USDT 8HR Analysis

~There is beauty in simplicity.~

-Trade Based of Data, not Emotions
-Consistent Strategy, not Inconsistent
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.

~Manage Risk, Trail Stops, Lock in Profits~
Cracking Cryptocurrency

TRX/USDT 8HR Analysis

-Price is at an indecision point, denoted by the yellow dashed line.
-Falling volume in a downtrend, I do not believe we have tapped into enough liquidity to change the dominant trend.
-Am more interested in looking for selling opportunities.
-Should price re-test the local high near 0.026 I will look for entry opportunities.
-Ranging price action for the next two days I believe. 8HR Ichimoku we rejected from the Kijun and found support on the Tenkan.
-Lagging span within price indicates a likely range between these two extremes until one is broken.
-All our moving averages are sideways, indicating a stall in price direction. Consolidation at these levels is likely.
-Our best option becomes lower time frame range trades at this point.

~Manage Risk, Trail Stops, Lock in Profits~
Cracking Cryptocurrency