TRX potential scenarios

2018年2月28日

TRXBTC hugging support at 400 for a long time now. Seems like it's going to fall through, especially with no immediate catalyst besides a month away. Justin known for creating hype, so perhaps we will see a move before falling to the next level (300).

Bollingers are extremely tight, or at least were a few hours ago. A sharp movement is more likely to happen downwards.

Each 100 satoshis can be represented in terms of resistance / support (psychologically, some play out technically here), though since the big run up, there is no real technical resistance besides at 600 and 900. If good news comes, none of these are necessarily strong, so we won't see much hassle moving our way up.

With BTC recent bullish movement, we could see alts coming down, so as of right now I am not convinced at buying at the 400 level. Tremendous lack of volume saying no one cares about it atm. This coin will have to be watched and you must see if you can play the news relative to the price.

300 sat is where I would start buying regardless. First target would be previous support at 400, then 600 for a total of 100% possible profit.

2018年2月28日

注释

It should be noted that depending on the situation, trx can go and make a wide U. Don't take yourself out of the market too early selling at 600 if there is clear strength in the movement.

2018年3月1日

注释

Not yet buying. Things are neither looking bearish / bullish, but will give my thoughts still.

Recent price movement to 440 sat hit the bottom of the ichimoku cloud, while also rejecting the sma 50.

Currently sitting above the sma 20, and previously when this happens there seems to be a nice surge in price, but one must check back to those dates to see if there was a catalyst, rather than the indicator reacting instead.

13:48 ema crossed up just now, but still not buying. The volume is not strong.

2018年3月3日

注释

still in play