TRX is about to explode! Keep an eye on this!

2021年11月8日

Here's a quick look at TRX 2 days chart. As we can see, the price has been going sideways and has printed a big symmetrical triangle. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume , or you can buy when the price breaks above 0.115$.
-------------------------------------------
The idea is: Buy the breakout from the symmetrical triangle (or 0.11$) and take profits at the levels shown in the chart.

Targets:

- Profits can be taken in the resistance zone .
1. 0.14$
2. 0.148$
3. 0.18$
-------------------------------------------
What are triangles when it comes to trading?

Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.

2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.

3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."

-------------------------------------------
If you like the content, then make sure to comment and like the post :D

Follow me for daily profitable trading setups

BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!