TRX potential big drop (mid-term analysis)
Updated
Hi all,
As previously mentionned in the short-term analysis for TRX (cf link below), I would like to share my mid-term view on this crypto.
In 2D TF, we can see that selling pressure is increasing:
In lower TF (1H), the selling signal is triggered as shown in my previous post (link below).
This crypto is highly volatile, consider your risk management.
As previously mentionned in the short-term analysis for TRX (cf link below), I would like to share my mid-term view on this crypto.
In 2D TF, we can see that selling pressure is increasing:
- MFI values broke and were rejected by its long-term trendline
- The same phenomena are confirmed with OBV
In lower TF (1H), the selling signal is triggered as shown in my previous post (link below).
This crypto is highly volatile, consider your risk management.
Trade active
It's unnormal that TRX's prices has been going up recently while BTC and other cryptos was bleeding. Trading volume of TRX has not supported this price action.Short is still active.
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