TRX/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..........!!
Learn Here , Earn EveryWhere
Technical analysis:
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone...
TRXBTC is following Ascending triangle
As you can see the TRX which is following same foot steps
of XVGBTC.
You can Buy on Support line or on Break out and keep target on height of
Ascending triangle pattern.
Good Luck :)
Note: This is only for Educational Purpose this is not an Investment advice.
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TRXBTC following Adam and Eve Pattern
As per the Study of Adam and Eve Pattern TRXBTC
is properly followng the Adam and Eve Pattern.
So in chart i have mantion A Resistance Line you can check that
if that can break then we can see the target according to the hight
of Adam and Eve Pattern.
Note: This is only for Educational Purpose this is not an Investment...
trx needs to break that descending channel
now I can see that 20 day ema green slightly crossing the 50 day ma black
which is a bullish sign and candles are forming above the both moving averages
but still we need to wait because its decision time for trx 560-570sat is a strong resistance
need to break this descending channel and 565 resistance
80 % trend chance are good that it might go till the intersection and go back down after nearing or hitting the intersection of the lines
have a Nice day
Technical analysis:
. TRON/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone...
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...
It has finished retracing/correcting and again started uptrending.
As we can see in the chart, the retracement was somewhere between .618 and .5 Fib level. General rule for a retracement (wave 2 or wave 4, not a,b,c correction) says that waves would be retraced from top (Five level 1) up to .786 or .618 level. Frankly speaking, since the mainnet launch is...
