TRON / BitcoinLong
TRX/BTC Ready for a Massive Rally
Welcome to my first TradingView post!
After a solid rally, TRX/BTC has been retracing for a few weeks, put in an ABC correction, and caught support between the 50 and 100 EMAs. After printing a higher low, TRX/BTC looks ready for another massive rally.
The MACD is showing a bullish cross and the RSI is picking up rapidly here on the daily chart. The chart looks very bullish. My personal entry is 246 satoshis. If there is a rejection, there is a strong support at the 230-250 satoshi range.
The 250-280 satoshi range looks like a potential entry zone for a long position right now. Potential targets are at 350, 415, and 450 satoshis. However, this chart can easily reach 500+ satoshis on this rally (check out the weekly chart!). As such, I am strongly bullish on TRX/BTC.
Leave your own thoughts and comments on whether you agree or disagree with my analysis below, and leave a like/follow if you liked my analysis! Thanks for reading, happy trading.
Price at writing: 0.00000267 BTC (267 satoshi).
After a solid rally, TRX/BTC has been retracing for a few weeks, put in an ABC correction, and caught support between the 50 and 100 EMAs. After printing a higher low, TRX/BTC looks ready for another massive rally.
The MACD is showing a bullish cross and the RSI is picking up rapidly here on the daily chart. The chart looks very bullish. My personal entry is 246 satoshis. If there is a rejection, there is a strong support at the 230-250 satoshi range.
The 250-280 satoshi range looks like a potential entry zone for a long position right now. Potential targets are at 350, 415, and 450 satoshis. However, this chart can easily reach 500+ satoshis on this rally (check out the weekly chart!). As such, I am strongly bullish on TRX/BTC.
Leave your own thoughts and comments on whether you agree or disagree with my analysis below, and leave a like/follow if you liked my analysis! Thanks for reading, happy trading.
Price at writing: 0.00000267 BTC (267 satoshi).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.