. 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.
. 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...