TRON / BitcoinLong
Tron possible breakout play
Tron has forming a acending triangle lately wich is likely to break out soon.
How I would play this is wait for the break out to happen, since its in an apex region it's likely going to happen soon.
This R:R setup I made is a risk of 11.75 wich is a very good risk to reward and a possible gain of 14.92%.
The target is based on fib extension level of the wave 1-2 target 1:1 extension.
Also MACD histogram shows some bullish signs upwards and the MA's are about to cross.
The only thing that doesn't look bullish is the RSI wich shows a bearish falling wedge pattern.
How I would play this is wait for the break out to happen, since its in an apex region it's likely going to happen soon.
This R:R setup I made is a risk of 11.75 wich is a very good risk to reward and a possible gain of 14.92%.
The target is based on fib extension level of the wave 1-2 target 1:1 extension.
Also MACD histogram shows some bullish signs upwards and the MA's are about to cross.
The only thing that doesn't look bullish is the RSI wich shows a bearish falling wedge pattern.
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