MagicPoopCannon

TRON Breaks Support! (TRX/BTC)

BINANCE:TRXBTC   TRX/BTC
Hi friends! Let's take a look at Tron! Or as I called it in my last post "The Bishop Don Juan Magic Tron!" LOl Ok, let's get into it. If you recall from my last post, I told you that because of the many failures to get above the 50 EMA (in orange,) Tron             was likely going to head lower, to test the red support level . Looking at the chart, we can see that it has done exactly that. Currently, TRX/BTC             is actually breaking below the support level , and if it doesn't get back above, prices should be heading lower. Initial support should be found at the 78.6% retracement level, and a break below there, would send us down to test the 200 EMA (in purple.) In order to revive the bullish trend , Tron             needs to get back above the 50 EMA , and start making higher highs. Given the weak volume and momentum, TRX/BTC             could just continue to drift sideways to lower. I will keep you posted friends! This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place. Please follow, like, comment, and share on social media. Good luck trading everyone!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-
OK, Now ow are we do? Buy or Sell? Please recommend us clearly?
Reply
Williebeamin MasoudIniesta
@MasoudIniesta, he isnt recommending either, he just said it could b moving sideways or slightly lower, seeing as how tron already had a huge rise this correction is necessary i bought in at 3 cents, bought more when it dipped back to 10, going to buy more now....moral of the story is buy when its low, now....later, and later again.
Reply
MasoudIniesta Williebeamin
@Williebeamin, what???? you know TRX price 0.00000620 now????? Are you thinking?
Reply
vannytranbtc MasoudIniesta
@MasoudIniesta, what so its not a good time to buy?
Reply
Williebeamin MasoudIniesta
@MasoudIniesta, are u thinking my friend? pick what kind of crypto guy u are either day trader or holder if ur holding nows a good time to buy more, if your day trading your probably gonna trade at a loss right now so y not wait till it goes back up?
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out