TRX Take Your Profits! ~ Forming An Ascending Triangle?~
First of all i want to say congrats to the people who listened to my last TA. We bought at the breakout around 770 and made nice profits!!
TRX made a good breakout today and we have seen a rally to the resistance zone at 814, which was too strong for TRX. we can take out profits around this area. TRX is too overbought right now so expect it to drop.
If we manage to stay between the yellow lines we'll form an ascending triangle. At least 2 reaction highs are required to form the top horizontal line. The highs do not have to be exact, but they should be within reasonable proximity of each other, and at least two reaction lows are required to form the lower ascending trend line.
Follow me for TRX updates and please like to support me.
Trade Safe
Sedat
TRX made a good breakout today and we have seen a rally to the resistance zone at 814, which was too strong for TRX. we can take out profits around this area. TRX is too overbought right now so expect it to drop.
If we manage to stay between the yellow lines we'll form an ascending triangle. At least 2 reaction highs are required to form the top horizontal line. The highs do not have to be exact, but they should be within reasonable proximity of each other, and at least two reaction lows are required to form the lower ascending trend line.
Follow me for TRX updates and please like to support me.
Trade Safe
Sedat
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