#Tron update: Tron facing 50DMA test at the closing #crypto
Tron showing ABC Zig-Zag correction (5-3-5) after the cup&handle breakout and hitting 1011 sats region.
Minor A was till 800 sats
Minor B retraced around 50fib of Minor A
Minor C was 0.618 fib ext of Minor A
Currently we are in the X move upwards,
Yesterday's close (771 ) was below the 50DMA level, if tron doesn't manage to give close above 809 level i.e the 50DMA then it may fall to 650 region (around the 100DMA and 50fib-61.8fib region)
Then the ABC Zig-Zag correction will become a double three correction (Combination of two corrective patterns) WXY
Minor A was till 800 sats
Minor B retraced around 50fib of Minor A
Minor C was 0.618 fib ext of Minor A
Currently we are in the X move upwards,
Yesterday's close (771 ) was below the 50DMA level, if tron doesn't manage to give close above 809 level i.e the 50DMA then it may fall to 650 region (around the 100DMA and 50fib-61.8fib region)
Then the ABC Zig-Zag correction will become a double three correction (Combination of two corrective patterns) WXY
Comment:
#trx may fall to 650 region (around the 100DMA and 50fib-61.8fib region) ,
In the lower time frames: 1H stoch-rsi is showing overbought levels and Ichimoku cloud showing: bearish TS(Conversion-line)-KS(Base-line) crossover.