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berniembook
May 9, 2018 6:35 PM

Tron breakout and consolidation Long

TRON / BitcoinBinance

Description

Tron is consolidating on the 4hr and the daily. A breakout of the top resistance level and the cloud may create a profitable trade. Tron main net is being released on the 31st so Tron may see a run up before then, but I don't believe it's a buy until it breaks the top resistance. Criticism and Feedback are welcome.

Comment

Changed to crypto cloud settings (20,60,120,30). Shows the price action consolidating towards the top of a green cloud. Still a no trade zone, but more bullish than regular cloud settings.
Comments
kdotx3
I see an ascending triangle on the 4h??
berniembook
@chadzi1, if you look at it that way I can actually see it being more of a bearish pennant which could potentially send the price down
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