Good afternoon my dear fellows,
Hope you are fine and looking forward to seeing the weekend and enjoying 2 holidays. Today I brought to you another crypto trading technical analysis, the TRX/BTC pair is in interesting price point. Let's have a look at the chart below first.
Chart Source: Binance mobile app
After a huge rally back on September and making a mountain of bull chart, TRX was on the bearish trend for quite a long time and just now it seems to have had some brakes and taken support from its previous support level twice and seems to have been making a double bottom (a little one but it is a double bottom to me). From here, we may see a trend reversal as to me the demand point is there and it may start a bull rally from here on. So a good entry point here with an SL of 0.00000152 BTC.
Let's see how my prediction goes. What do you think about its trend from here on? Please share your views. Thanks!
Legal Disclaimer: I am not a financial advisor and never give advise to take any trade. The purpose of the analysis is for information only and you have to do your own working before taking any trade. I will not be responsible under any circumstances for any kind of loss.
Best of luck!
