A couple of days ago I made an analysis on TRX. In this analysis I argued that it was likely for TRX to reverse before taking another shot at $0.12.
The reversal did indeed occur, but was stronger than anticipated. in the end, the $0.10 support held and TRX is currently trading around $0.12.
Either of two things can happen now. The bullish scenario would be for TRX will copy Bitcoin's bullishness and break out of the current bullish channel.
In the bearish scenario I'm looking at a reversal towards the support area between $0.107 - $0.10, which will function as a spring and launch TRX back to $0.12 and ultimately $0.15.
Happy trading!
The reversal did indeed occur, but was stronger than anticipated. in the end, the $0.10 support held and TRX is currently trading around $0.12.
Either of two things can happen now. The bullish scenario would be for TRX will copy Bitcoin's bullishness and break out of the current bullish channel.
In the bearish scenario I'm looking at a reversal towards the support area between $0.107 - $0.10, which will function as a spring and launch TRX back to $0.12 and ultimately $0.15.
Happy trading!
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