We have some strong resistance ahead before we see acceleration, TRX needs to close over the 100 day ema which its bashing on now and the .786 fib. Yellow box is strong resistance area.
Once we get the close we will see some fast acceleration to targets (green lines) I will update targets after these have been hit.
I am personally not going to enter here until we have a candle close over .00000421 which will confirm the next move.
Entry .00000421 to .00000434 (aggressive will enter now I will wait for a close over the 100 day ema and the .786fib)
Targets; Green lines 0.00000434 0.00000441 0.00000453
You will see the RSI has confirmed the break, we need the RSI to stay above the line to confirm movement if it breaks this line we need to sell. Remember this is moving and broke due to fundamental info but the EMA still shows as a bearish signal until we break them.
This may be a short movement and shouldn't be looked at as a long hold until we have stronger signals, this could just be a short pump.
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Hey, just a heads-up... when you're looking at a 60min chart, the 100 EMA is not a "100-day EMA", it's a 100-hour EMA. If you're looking at a 1min chart, it'd be a 100-minute EMA, etc. EMA averages the past X candles, for the given chart you're viewing
For example, (at the time of writing) the current 100-day EMA is at 371 sat. If I switch to the 60min chart, the 100 EMA is 421 sat.
None of this truly affects your analysis, but you should be aware of the terminology you're using. Happy trading!
For example, (at the time of writing) the current 100-day EMA is at 371 sat. If I switch to the 60min chart, the 100 EMA is 421 sat.
None of this truly affects your analysis, but you should be aware of the terminology you're using. Happy trading!