Hello,
Following is my analysis on TRXBTC and has a potential to breakout any day.
Price initially moved down from the top in a down moving triangle to around 400 satoshi and then broke out of triangle and exploded to around 900 satoshi. Since mid January it has moved down and now in a sideway pattern.
There is a strong support at the current range of 550 to 600 satoshi. Support is created by up trending Trend line, triangle pattern and also a Fibonacci ratio of .618.
Once we will see the break of the triangle around 600 satoshi level to the upside it has a potential to reach near 1800 to 2000 satoshi level.
NOTE: If anyone wants me analyze any specific forex, cryptocurrency or stock chart please let me know and will do my best to analyze it.
Below is the chart.
Regards,
This is not a trading advise and just my opinion, please trade at your risk and do your research.