Hey, I am back wtih another Technical Analysis on TRON.
Okay, so TRON has main net launch on 31/05/2018 which is in five days. What will happen after this launch?
There is a lot of great Fundamentals news about TRON, for example buying BitTorrent as it was in their whitepaper, Apple adding TRX pricing to its stocks, Vsport partnership and many more..
Lets just dive right into the chart.
All time Downtrend line, Steep untrend line and overall uptrend line. There were 2 Pennants, 1 ascending and one ascending that we are currently in. I havent drawn them because it would look confusing, maybe in update I will draw them. Support levels, bounce zone 890.
Looking at Indicators.
RSI flying in Bullish levels, MACD seems pretty bullish too, EMA with bullish divergence.
There is one BUT.
As every alt follows Bitcoin, and currently I am still bearish on Bitcoin, the touch and bounce off this steep uptrend line seems likely, the Steep uptrend line present the best price to get in. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with TRON somehow clearer. If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks !
If I see something worth to share on the chart I will surely do an update.
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Tron with some strong moves
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Tron has already broken the 1000 level, but thats only due to that Bitcoin has stabilised for a while.. I am still awaiting drop.
Love your work mate, been following you for a while now but just get ready to click that like button :)
here's my view , we've finished our 5th wave. not were i thought we would end up either. 680 -700 sats at the .500fib retrace down of the major wave 2 is good support.
Can this correction happen before mainnet launch ? who knows. if it does buckle up and hold on because Tron will go off like a frog in a sock. )