Of the second generation Distributed Ledger Technology cyrpoassets I like TRX. Especially, if TRX was to cooperate with ETH as Justin Sun hinted at. . .
On Apr 2 TRX had a major trendline break but on no significant volume. Because the lack of volume I would not chase and buy TRX here. Instead, I would wait for throwback to 0.026 before getting in. What is a throwback? After an upward breakout from a chart pattern, price lifts off then falters and returns to the breakout price. I only like to buy throwbacks if they occur within three weeks of the breakout. Another option is to wait for TRX to bounce of the 50SMA.
Any thoughts, questions, comments, feedback are all welcomed!
On Apr 2 TRX had a major trendline break but on no significant volume. Because the lack of volume I would not chase and buy TRX here. Instead, I would wait for throwback to 0.026 before getting in. What is a throwback? After an upward breakout from a chart pattern, price lifts off then falters and returns to the breakout price. I only like to buy throwbacks if they occur within three weeks of the breakout. Another option is to wait for TRX to bounce of the 50SMA.
Any thoughts, questions, comments, feedback are all welcomed!
