We see the Altcoins market having a nice bounce and TRON (TRX) is one of the many cryptocoins that is having a very nice breakout.
Let's take a quick look at the 4 hours chart, many positive bullish signals are developing for TRON (TRX). Let's take a look:
- Strong confirmed breakout (check the lasted closed candle). - Bullish MACD crossover and MACD trending up entering the bullish zone. - RSI, DMI and STOCH are now all in the bullish zone or trending bullish. - Strong bounce after a 100% retrace from April's breakout. Good signal that bottom was reached. - Now trading above EMA20, 50 and 100, all these resistance levels were broken in the previous 4h candle.
More bullish signals are also showing up on this chart as well as positive developments on longer time frames.
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