TRON (TRXBTC) is now trading within an ascending channel on a newly formed uptrend; higher highs and higher lows... What happens next?
After the last high hit on the 14-Feb., prices for TRXBTC started to drop.
Yesterday a low was hit 0.00000160 which coincices with the 0.786 Fib. retracement support relative to the last bullish wave, which can signal the end of the retrace.
We can also notice really high volume today.
If the bulls continue to garner momentum while pushing prices up, we can expect TRXBTC to reverse and hit this ascending channel TOP... This will result in 50% of gains or even more.
Remember to have a plan/strategy if you decide to trade this call.
This is not financial advice. Thanks a lot for your continued support.
Can you please give an update chart on TRX? Thanks in advance.