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.
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.
Tina "ShortMeTina" Ley (pronounced Lee) holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over 10 years. Currently a Full-Time Trader and Blogger of all things financial.