TRX/BTC Tron Jan 22 Technical Analysis - No General Trend Confirmed. Support Found?

Sideways for 4 days. No general trend confirmed. If support found, risky play available

We see TRX find support between 0.5 and 0.618 fib region, though this "X" impulse up may fail to further correct in WXY pattern.

If this is not a failed impulse and these fib regions hold, this is a possible play for a typical 1:1 extension for 3rd wave to around 1167 sat.

If the main support level now does not hold, we could see correction down to these regions.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Please consider these videos:

Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Quick Intro to Analyzing Level 2
Lesson 11 Introduction to Laddering

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