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sombtcbarron
Jan 24, 2018 1:01 AM

TRX Breakout points - Feelin' Bearish! Long

TRON / BitcoinBinance

Description

Hey guys,

TRX has been taking a massive beating since its hit its all all time high wit the help of FUD and weak BTC performance.

What you see here is the following:

SR lines are marked in blue

Bright Green lines are past trendlines

Dark Green line is current trend

Green Flags are breakout points

The two circles show TRX coming into a squeeze where volume boosts! TRX breaks trend and drops under its support line.

NOTE Fundamental analysis is showing a calm sky. Should reflect some stability/consistency in chart

TRX is a sleeping bull with some great news including a mainnet launch on the 31st but with the current BTC market it will continue to have a hard battle with the bears

Comments
Simpleton22
The trend reversal right around 1-22 has us trending positively. Higher lows as well. Battle here around 650 sats, but we'll break that soon and set new support.

Bullish.
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