Tron (TRX) Doji + MACD Divergence - Bottom Found?

Jul 1, 2018

Here we have a Doji, at the bottom of a trend, also found next to a strong support level and with bullish divergence on the MACD and oversold RSI.

"The Doji is an transitional Candlestick formation, signifying equality and/or indecision between bulls and bears. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well."

The 4H chart is also giving out some early reversal signals.

Tron (TRX) might have found bottom.

Note: This is an educational post. Not trading advice.

Thanks a lot for reading.

Please make sure to like, share, comment and follow for more of these trade ideas.

Your support is always appreciated.

Namaste.

Jul 2, 2018

Note

Tron is trying to move but it needs more momentum. It needs a push from the market.

Jul 6, 2018

Note

TRX still looking for support.

Look for 508 satoshis next. If this level doesn't hold, look for 440 satoshis after that.

I will update again if that level is also broken.

If these levels hold, then we will look for a reversal signal and open a trade from Tron (TRX) after the signal is confirmed.

Thanks a lot for your amazing support.

Namaste.

Jul 6, 2018

Note

Forgot to mention; Look for 508 if we close below 552 on the daily time frame (today's candle).

If Tron closes above this price, then the chances of it going lower are reduced.