TRON already broke out from it's pattern and is now increasing. The new uptrend has been marked with dotted Orange line.
Let's see some key points:
- Daily histogram tells us that the market is going to move upward.
- Oscillator is indicating an increase in which is supporting the MACD's Bulish signal.
- confirms price reversal.
- Moving Average(45 days) is showing strong trend reversal from downtrend.
- Moving Average(60 days) is showing strong trend reversal from downtrend.
It is a good time to get in some TRON or increase your current positions.
Also, TRON is releasing it's TEST NET on 31 March. A lot of hype already. So, expect some significant increase in price.
P.S: This is not an investment advice. This is for educational purpose only. Invest at your own risk.
Good luck trading.!
24 Hour High - 606
Current - 530
TRON is ready for another Run as can be seen from 1 hour chart. It is showing, falling wedge pattern.
BUY IN RANGE: 510-540
1. It can complete this 4th EW and then head or the 5th wave i.e uptrend.
2. It can keep going downwards and make H&S pattern.
We have to wait and see how it plays out.
P.S: I am just beginner, so please do your own research.