In short, TRX is in neutral teritory. It has some points going for it and some clear indicators that it is in a downtrend.
I will go through all of them in short, but I want to clarify first that US as traders need to be reactive to every situation. Be at a look out and do not buy TRX now.
Points for TRX:
1)Probably more news coming out tommorow from Justin Sun and Tron Twitter
2)31st Jan listing on 1 possibly 2 new exchanges
3)Low levels on the 1 hour chart
Points against TRX:
1)The 50 (in orange) has been like a ceiling that TRX cant break through.
2)Low due to BTC currection
3)Broke it's mayor
We will inevitably get a continuation to the upside or the downside. I really do not have a solid opinion whether or not TRX will move up or down. A breakdown will drag the price down to around 430 satoshi.(minor support) If that support fails, than 380 satoshi (mayor support)
Good luck and happy trading!
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Thank you for the support! :)
on the basis of what?