One thing is certain, TRON like to take his time. But Alt season it is and when the sentiment is bullish our friend TRX is sure to follow.
I wait for a new uptrend to develop, meaning Higher Highs and Higher Lows on both weekly then monthly timeframe.
Sign of an upward momentum are showing
The weekly stochastic is pointing up and the RSI just print a inverse H&S.
Even though all and all is bullish I will only consider a buy after a close above the last resistance (229 sat)
Of course, remaining above the weekly low (210 sat) is important too.
The trading volumes has been on the decline since MAY 2018 meaning that the sellers are near exhaustion and the buyers can / will likely return.
I can already tell you that something is different...
304 sat has provide great support by the past and now will probably act as resistance now. Considering a first TP there would be wise.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_
Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
I wait for a new uptrend to develop, meaning Higher Highs and Higher Lows on both weekly then monthly timeframe.
Sign of an upward momentum are showing
Even though all and all is bullish I will only consider a buy after a close above the last resistance (229 sat)
Of course, remaining above the weekly low (210 sat) is important too.
The trading volumes has been on the decline since MAY 2018 meaning that the sellers are near exhaustion and the buyers can / will likely return.
I can already tell you that something is different...
304 sat has provide great support by the past and now will probably act as resistance now. Considering a first TP there would be wise.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_
Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
