TRXBTC is frequently testing the top of the red downtrend channel. That is potential for a breakout.
The 4H 200 EMA is above there, and price has traveled through the 100 EMA.
I'm looking for movement above the 4H 200 EMA and the dashed blue line for my bullishness to really kick in with a target of 1100 and targets of 620, 780, and 880.
I'm currently long and bearish.
To conclude: There is definitely a LOT of downward pressure. The next 2.5 - 9 days will be pivotal for sell or buy decisions. The most bullish I will be right now is for sideways movement until the market decides in the next few hours - days. The circles are the hold your breath zones
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