alanmasters
Long

TRON Challenges Local Trendline, Getting Ready To Pop!

BINANCE:TRXBTC   TRON / Bitcoin
TRON ( TRXBTC ) finally moved above EMA10 after a higher low and a confirmed uptrend... What will happen next?

First, let's take a look at the chart signals

Today two major challenges are taking place, the orange downtrend line, and EMA10.

At the time of writing, prices for TRXBTC are now moving above these two levels.
Daily candle closure is needed for bullish signal confirmation.

Back to 'What will happen next?"

TRXBTC can continue growing and face resistance at around 0.00000190 or EMA50.

If prices move below EMA10 with good volume , we can expect the lower purple trendline to be tested.
If this level breaks, we go lower, if it holds prices will bounce.

We are bullish here but trading volume is still needed.
Today is a Saturday/Weekend, so any signals on low volume can easily reverse, so we consider these EARLY SIGNALS... You've been warned.

The MACD is showing a bullish cross and the RSI is also looking good.

We are looking for TRON to start growing next.

Thanks a lot for reading.
Your support is truly appreciated.

Namaste.
P.S. Always have a plan/strategy if you decide to trade.
Comment: Looks like the breakout is taking place... This might be the one.
Keep on eye on Tron.

Thanks a lot for your support.
Leave a comment if you have any questions.

Wishing you a great Sunday.
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