TRON / BitcoinLong
TRX - Break out possibility
As i'm writing this, it looks as if TRX 2.47% is gaining in volume (+6000BTC in one hour) and is already starting a bigger upward move then it has in the past 2 days.
Look at how tight the Bollinger bands are compressed up, and we're right at the bottom of our downward wedge .
We could quite easily stay moving sideways for a couple days, there no doubt that whales are helping keep price down.
First target is 1039 sats at 50% fib, lets see if it can hold here then progress further upwards of 1200 possibly spiking at 50% fib and hopefully holding back around our 50% fib.
I also remind you that there's a press conference being live streamed from China and started 5 minutes ago.
What do you guys think? Always great to hear other opinions or anything you think I may have done wrong.
Look at how tight the Bollinger bands are compressed up, and we're right at the bottom of our downward wedge .
We could quite easily stay moving sideways for a couple days, there no doubt that whales are helping keep price down.
First target is 1039 sats at 50% fib, lets see if it can hold here then progress further upwards of 1200 possibly spiking at 50% fib and hopefully holding back around our 50% fib.
I also remind you that there's a press conference being live streamed from China and started 5 minutes ago.
What do you guys think? Always great to hear other opinions or anything you think I may have done wrong.
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