Prices for TRXBTC went below MA200 (black line) just to quickly bounce back above this level while printing a higher low (light blue) compared to 8-Jan.
- So, on the 8th of January 2020, TRXBTC hit 0.00000171 and started to move up.
- On the 14th of February prices for TRXBTC peaked at 0.00000262, this is near EMA300.
- Now that TRXBTC retraced and tested MA200 as support, it is likely to go higher and test EMA300 at 0.00000250+ once more.
These signals are still early but we believe that TRXBTC can bounce here... We will see how it goes.
Feb 2 | Tron Conquers New Resistance, Extremely (600%+)
- Remember to have a trading plan/strategy before you decide to trade.
- The charts are always changing, what would you do if prices go the other way?
- Always be prepared for all scenarios and do not get stuck on what you believe will happen next.
- Reduce risk... Start small... Take your time before you trade.
This is Alan Masters...
Thanks a lot for your continued support.