Taking a look at price action you can see that the most recent pullback was a retest of key support and resistance and on top of that we formed hidden bullish divergence on the daily time frame !!
A short term break and rest of our most recent high which lines up with an area of support is holding strong
In my view holding this level could allow us to run up to...
Also Tron is on the run since 20th July, and after breaking above the double bottom's neck-line, the coin confirmed the break as a genuine one and now is making a new high.
I expect a continuation and 0.9 resistance is my target
An idea for TRON
Top channel band suggests $16 which is a massive increase from the current 0.05
Middle channel band suggests $2 which is also a huge increase
Both of these scenarios make sense, the top band was where price hit in 2017
Time will tell if it repeats
I have used a sort of 'quasi' channel to identify these ranges
Also some funky trend lines...
The RSI indicates we have been building bullish momentum & still continuing to rise. We may hit our .07 target around 4 am est but we very well could see a fall back too .057 so let's see how this plays out.
Looking at BTC we may be in for a very bullish day, but we all know it depends on which direction it (Bitcoin) goes for the market to follow suit.
Tron price holding in this channel from March, the correction wave is getting completed and going on a next impulse wave after it breaks out of this channel
1) Looks like the bulls are going to take over
2) place your positions accordingly after it comes out of the channel
Happy trading, feedback is always appreciated
Identifying the strongest trendline with the fib circles shows the price sitting just above 2.618
With the formation of seemingly a bullflag, this is a very bullish sign
At these levels TRON is very undervalued imo
Bulls will win this battle
Tron is poised to break its ATH. Currently, I believe that DOGE is holding the market in place until SNL plays out. Afterward, I expect TRX to break its ATH if the resistance (which was tested today) holds.
Hello Tron holders,
Finally the moment expected from all you came, yes TRX is moving up steady in a bullish channel.
The relative strength index need to catch up with the volume but hey this is THE GAME OF TRON not whatever.
I will try to update entry.
MMM (Make Motherf.ckin Money)
Invest your money wisely, be patient.
Using fib circles we can see the bear moves and bull moves respective to their fib areas
I hope for a bear wave, to further validate my Fib waves idea
Regardless TRON is very cheap and going long is a nice idea
Tron was never our preferred project. We classify it as an uninteresting technologically project but from a good marketing team. Same category as Ripple, but we could be wrong.
Our opinion though is not important. What is important is the chart and technical analysis is showing previous resistance/new support at 0.053.
Thus, Tron can now find support to rise...
Same like Litecoin , hitting major resistance today... Makes me think if a correction is incoming? Sideways maybe for a while, or a drop??
In any case i always listen to my chart: I am out of Tron until the resistance can be broken.
Prefer to place more on Stellar and Cardano at this stage.