sumeet007
Long

Technical Analysis of Tron (TRXBTC)

BINANCE:TRXBTC   TRON / Bitcoin
Tron touched 61.8% Fib. Retracement level as well as the lower line of downtrend channel and bounced back, so it is likely to go up till 38.2% Fib Retracement level in the short term. Stochastic also giving a buy signal.

1)Currently TRX is in a downtrend channel as seen by the pink lines
2)The immediate resistance will be the red line at 0.00000749 BTC level and the 38.2% Fib. Retracement level.
3)If the red line resistance breaks, the next target will be the upper line of the downtrend channel .
4)Long term TRX support is shown in the green line.
5)If the downtrend channel support breaks and the long term support breaks, then the next suppport will be at 0.00000344 BTC level.
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