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ForecastCity_ME
Oct 3, 2020 3:17 PM

2 Buy opportunity in TRXBTC , Mid-Term & Short-Term Long

BINANCE:TRXBTC1D
TRON / BitcoinBinance

Description

⋅
Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000250).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. TRXBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.

Take Profits:
TP1= @ 0.00000277
TP2= @ 0.00000308
TP3= @ 0.00000354
TP4= @ 0.00000416
TP5= @ 0.00000500
TP6= @ 0.00000586

SL= Break below S2

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Short-Term forecast:

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000246).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. TRXBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.

Take Profits:
TP1= @ 0.00000264
TP2= @ 0.00000276
TP3= @ 0.00000308
TP4= @ 0.00000352
TP5= @ 0.00000430

SL= Break below S3

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsTRONBTCBitcoin (Cryptocurrency)TRXTRXBTCtronbitcoin
Comments
Mesutkashmar
⋅
Clean analysis. Please help me with setting TPs.
ForecastCity_ME
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@Mesutkashmar, We appreciate your comment.
ForecastCity_ME
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@Mesutkashmar, Please read the link below about Stepped profit-taking
ForecastCity_ME
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@Mesutkashmar, forecastcity.com/en/node/411
Mehmetozdemi
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@ForecastCity_ME, Thank you for sharing this chart.
ForecastCity_ME
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@Mesutkashmar,  Best of luck to you in your trades.
Kamryn
⋅
I think I'm gonna trade this one, thank you for sharing.
ForecastCity_ME
⋅
@Kamryn, You're most welcome!
ForecastCity_ME
⋅
@Kamryn, We're glad you like it. 😊💚
ForecastCity_ME
⋅
@Kamryn,  Best of luck to you in your trades.
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