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TRX/USDT ( TRON ) LONGGGG !!!!- Cryptos have turned bullish after the recent correction .
- TRX has broken previous high and retesting that level right now .
- Long trade setup has been given above . Trade according to the levels
- Maintain strict stoploss
- Message me to learn how to TRADE crypto currency in INDIA .
- Message me to learn how I fix my targets.
TRON View!A well-known figure in the crypto industry, Justin Sun, founder of TRON
TRXUSD
and chief adviser to Huobi, opened up in an unusual post on social networks. In particular, he responded to rumors regarding his Bitcoin investments.
Sun expressed confidence in Bitcoin's future but clarified that he did not take a long position at the $69,000 price level.
I am very optimistic about the development of Bitcoin and have great confidence in its future. However, I would like to clarify that I did not go long on Bitcoin at the $69,000 price l
TRX / USD Price Analysis: Resisting PressureTRON / USD Short-term price analysis
TRX has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows the presence of a head and shoulders pattern with the TRX / USD pair edging towards the neckline of the bearish pattern.
Technical indicators on the four-hour time frame are bullish and continue to point to further upside in the short-term.
Pattern Watch
Traders should note that the TRX / USD pair could fall to a new 2019 trading low if the head and shoulders pattern on the four-hour time frame is triggered.
Relative Strength Index
The Relative Strength Index has turned bullish on the four-hour time frame and shows scope for further upside.
MACD Indicator
The MACD indicator has turned bullish on the four-hour time frame and is currently issuing a buy signal.
TRON / USD Medium-term price analysis
TRX has a bullish medium-term outlook, with the TRX / USD pair still maintaining price above its key 200-day moving average.
The daily time frame continues to show a large inverted head and shoulders pattern, with bullish MACD price divergence still evident from June 2018.
Technical indicators on the daily time frame are attempting to stabilize following the recent decline in the TRX / USD pair.
TRX / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the June 21st, 2018 swing-high is the upside target of the inverted head and shoulders pattern on the daily time frame.
Relative Strength Index
The RSI indicator is still bearish on the daily time frame, although it is attempting to recover higher.
MACD Indicator
The MACD indicator on the daily time frame is flat and is currently failing to generate a clear trading signal.
Conclusion
TRX is under pressure in the short-term, with the bearish pattern on the four-hour time frame issuing a warning that the cryptocurrency could still decline further.
The prospects for the TRX / USD pair remain bright, with the inverted head and shoulders pattern and the presence of bullish MACD divergence on the daily time frame still pointing to more upside over the medium-term.
TRX/BTC are Ready to Fly Buy At Current price And Enjoy ProfitTRX/BTC are following very support trend line and making Channel & Also Making a wedge pattern So Trade Care fully #JustinSon Tron Founder Also will do Soon an announcement so price can Pump and Technically Good time to long TRX/BTC.
Let c What Will be Happened..
So Stay Tuned..........!!
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