Hello again my friends. First, I would like to thank you for a warm welcome to community :) 28 follows onthe first week is far beyond what I expected, but remember that I'm still new to the field and have only been in trading for 4 months. So you always have to take my charts with a pinch of salt, but I try to keep myself as simple as possible and I do not like to trade at great risk, and I mean with that not 1 - 30 min chart. I'm more or less a swing trader.
TRX is actually the chart I've worked the most with as since I was entrying the market in mid December. Something that was a tough journey, first a giant upturn then an even bigger downturn. I decided along the way to learn and understand what I had to do to make money in a market that went downhill. That's why I've spent 4 months studying charts and reading me up on patterns and various indicators to try to practice this.
What I want to achieve with my charts is that people are not going to fomo into things, I like to trade at minimal risk, I think there are too many in here who are traing at big risk but it's up to each other and judging how teir style is.
But back to the chart and congratulations to you who sold on top and have followed the last chart of #TRX I came along with.
This is what I see on the 1 day chart now:
1: Macd, finished with its rounding, and it now shows me that people are getting ready to bay more trx soon, we all know what's up and we now feel that this is a good buy point. We are about equal by buyers and sellers after a long period of time with more sellers than buyers.
2. RSI: My heart root, <3 So, as you see, rsi now shows clear signs of rounding and starting to flatten out. This is as expected when we should reverse the trend again around 56 \ 60 on the rsi bar which indicates that we still bullish. I therefore expect that we will get a few more days of volume again soon.
3: We seem to find support at 38:20 fib, in my channel fiber, it's as expected after we have finished a smaller pullback after after wave 2 to judge, I now expect that wave 4 \ 5 will start from this level.>
Trade safe, stay safe. :)