jjmbretal

TRX big hands still selling. Correction is not over.

BINANCE:TRXBTC   TRX/BTC
The correction for TRX             hasn't yet finished.
Even though MACD and Stoch indicators show a possible upward trend start, Koncorde indicator shows a clear sell pattern from strong hands. This distribution to the small hands is causing the value to decrease slowly.
Until change in this pattern we should be seeing selling pressure and therefore price drop.
Operación activa: Big hands entering TRXBTC after almost touching its biggest support. Time to evaluate entering...
Big hands entering TRXBTC after almost touching its biggest support. Time to evaluate entering...
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So, we can wait until the price drop the most to buy?
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jjmbretal PRO TheProductManager
@TheProductManager, it’s difficult to say until what point it will drop, my friend. Fresh news are coming tomorrow and these could potentially boost the price up.
This is only a technical explanation of why the price is still dropping. I will personally wait until a clear buy signal is seen.
Good luck.
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