TradingView
AlanSantana
Nov 27, 2019 3:22 PM

TRON Moving In Ascending Channel | 200%+ Of Profits Potential Long

TRON / BitcoinBinance

Description

TRON (TRXBTC) is moving within a broadening wedge and moving higher... Each time the bottom of this wedge is touched, prices move higher. When the top is hit, prices move lower...

Right now we can clearly see that TRXBTC touched the lower part of the channel (blue checkmark) and bounced to move above EMA10,50 and EMA100.

This opens up the potential for a bullish move.

In the case the above bullish channel is broken, I've marked the different support levels with blue dashed lines. Even if the channel breaks, TRXBTC remains bullish as long as it is trading above 0.00000135 on the weekly time frame.

Thanks a lot for reading.

Namaste.
Comments
limpik999
Good analysis. Thank you, man!
More