TRX MAJOR BUYING OPPORTUNITY
The Support Level has been holding strongly over the past day – especially as BTC is 10 per cent down on the day.
Any time BTC dumps, this resonates on to other coins as they are directly correlated.
Nonetheless, this dump also represents an excellent buying opportunity with 40 per cent gains.
TRX failed to pass the resistance level or our future TP1 as theirMainnet launch as well as their Airdrop launch failed to generate hype.
The team at Nouvive has spotted an opportunity to long or buy from the 6930 Sats as this is the 55 SMA line or the Moving Average line which will be the temporary support.
A sharp SL should be set for 6919 with a take profit at 995. This representing a 40 per cent over the following 5 days to 14 Working Days.
Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.
Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.