TRIG Token Double Bottom Formation

TRIG Token has formed a double bottom while finding the support at 6464 satoshi. The support corresponds to 227.2% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout. It has been rejected two times already and it seems that wave up could be emerging.

It is a little too early to say that price will rise, and the double bottom pattern will be confirmed when price breaks above the 11k satosi resistance. Those who like risky investments could have already purchased TRIG/BTC as the upside potential is definitely there. However, those preferring safer trading will probably be waiting for the resistance breakout.

The upside target is around 20k satoshi, that is 23.6% Fibonacci retracement level. If TRIG Token will start rising, the area between 20k and 22k satoshi should be watched as it is a strong resistance area.

SHARE

LEAVE A REPLY

Please enter your comment!
Please enter your name here