AlanSantana

Tron vs Bitcoin Bullish Chart (200% Target Mapped)

Long
BINANCE:TRXBTC   TRON / Bitcoin
Tron vs Bitcoin (TRXBTC) has a good looking chart which points to higher prices.

We can see here a correction that lasted 85 days since early May until late July.

This chart is similar to most of the ALTSBTC (Altcoins vs Bitcoin) pairs that are yet to hit new highs.

Despite Bitcoin's recent drop, this pair and many others are set to move higher... Something is cooking behind the scenes.


Chart Signals

  • We have prices trading above MA200, EMA50 and the rest of EMAs.
  • Both the RSI and MACD are very strong. The RSI is at 64 and the MACD on the bullish side and showing a bullish cross.
  • Low volume has been common all throughout the year, bots/algorithms are the ones doing the trading but at this stage low volume can be taken as a continuation signal.

The bullish bias remains very strong above 0.00000171 and/or MA200 at 0.00000181; below this level things can change.

We are aiming for higher prices.
The targets are marked on the chart.


Be Wise When Trading

Be wise and be patient if you decide to trade.

Take your time to think, opportunities are endless in this market... When one pair goes, another one takes its place.

Your patience will be tested, that is exactly what the market does.

If you can remain strong, you are sure to reach your goals.

Namaste.

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