MagicPoopCannon

VOLTRON! Defender of The Universe! (TRX/BTC)

BINANCE:TRXBTC   TRON / Bitcoin
Hi friends! Welcome to this update analysis on Tron! Let's jump right in. Looking at the four hour chart, you can see that TRX/BTC             is approaching the apex of a long wedge formation. Honestly, it isn't clear which direction the breakout will be. The wedge is flat, and it was technically formed during a downtrend, but there is a lot of bottoming action in the market right now, which could produce an upside breakout in TRX/BTC             . Since it's really getting close to the apex, I would expect some sort of breakout some time soon. TRX/BTX is still below the 50 EMA (in orange) and the 200 EMA (in purple.) However, an explosive move to the upside could easily propel TRX/BTC             above the immediate overhead resistance, and that would put the 61.8% retrace in play. Furthermore, there is a lot of ongoing compression in the Bollinger bands , which is indicative of a volatility squeeze. It's very possible that we could see a subsequent expansion in volatility , as TRX/BTC             breaks out of this wedge formation. For now, be on guard. It isn't immediately clear which direction this thing will break. The bias is to the upside, but anything is possible. Watch for the breakout, and trade accordingly.

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

-JD-
Any updates?
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Blue lines are buy orders exponentially increasing in size..
thoughts and criticisms welcome.
Will it work? (it doesn't matter if they don't all fill)
Cheers :)
+1 回复
This one is a little neater
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Voltron has broken downward.. should be an interesting display of panic selling and buying
+1 回复
Hello I've been waiting what's going on !?
+1 回复
still roaming arount 500sats..waiting for zooming...long time...
+1 回复
Thanks my friend, been lookinh hungry on TRON for long. Smells of money after it got dumped after the hacker destroying the love for the coin.
+2 回复
Thanks MPC, i love u too :p
+1 回复
Just watched TRX getting wash traded into oblivion on binance. Havent checked since but it could trigger enough volume for people to think its a breakout.
+3 回复
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