Tron is a favorite by many. Their main net just launched and maybe price is doing as well as some may have expected. I've establish a few trend lines to show the support and resistance levels. We could see it bounce based on where we are currently at but I believe we will retrace a little further before bouncing up. That bounce will either occur along the lowest trend line or at the .618 fib level. On the RSI you can see I've also drawn trend lines. The RSI works just like price. It runs into resistance and finds support. I think price will continue to downtrend until we get closer to the downwards trend line on the RSI.
Comment:
Just to clarify I meant " maybe price isn't doing as well.." Key word: isn't
Comment:
RSI broke trend line, Ideally waiting for the RSI to ride along the trend line. Still not bullish in my opinion
Trade closed manually:
Taking a small profit. Hopefully you guys got in on that trend line.
Bought: 671
Sell: 709
Profit: 5.82%
Bought: 671
Sell: 709
Profit: 5.82%