TRX/BTC- Price Analysis 1.4.18

TRX/BTC

(click to enlarge image)

TRX has been on a tear for the past two weeks.  In particular, the last two days.  This coin shot up a rough 850% in the past two weeks; going from a low of .04-.38 in many places.  The coin has since pulled back and now hovers around the .18-.20 cents mark (or ~1350 SATS). 

Where does it go from here?
While I enjoy a good run just like all the other bulls.  The best thing for this coin is a bit of consolidation.  Preferably between the 1100-1350 SATS (.16-.20).  If we can build a solid base around this area (several days-weeks); I am very confident that we will go on to reach .50 and $1 within the next month or so. 

The chart above demonstrates 3 areas of support in my observation.  If the 1st fails, chances are we head down to the 2nd.  If that fails, the 3rd, etc. 

For now; the best thing to do is hold or HODL!  From my observations, that's how you succeed in the crypto space. 

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DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose.