isidat

TRON - May Analysis - Bullish

Long
isidat Updated   
BINANCE:TRXBTC   TRON / Bitcoin
After TRON Mainnet Beta release (31st of March), a correction occurred due to hyped price.

There is two price reversal areas which are easy to spot. Second one is a higher low that means TRON is in a bullish price action.

I think this up trend will continue up to 25th of May and will reach one month ATH (1000 satoshi level).
And there is an important Mainnet launch on 31st of May.
When we apply Fibonacci retracement lines, the next target price will be around 1320 - 1400 satoshi's at the end of the month.

You can also check my Tron / USD analysis here:
TRON - Breakout very soon
Comment:
0.786 Fibo level exactly reached.
A pennant is forming and then up to 1050-1100 satoshi's.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.