DoYouMine

TRON Could Be Getting Ready To Breakout

Long
BITFINEX:TRXUSD   TRON / Dollar
Looking at the 4 hr TRX chart we can see that it is a good position for more price movement, up.

We are in both a long term and mid-term up trend with TRX . Easy to see here with the Gann Fan .

We had what I call the “SUN bubble” when @czbianance announced the new SUN genesis mining, which popped, and we immediately dropped down too, and continued on the uptrend into this equilateral triangle.

If this plays out we should see resistance around $0.035750 ; $0.038980 ; and finally $0.042218 = 23.6% on the Fib retracement.

The point I am looking at is where the both the long term and the short term Gann Fan 3/1

$0.041781 is my target if the breakout occurs. It has to get above $0.035 with some volume to confirm breakout.

The RSI looks to be supporting this idea

Good luck!



This is not financial advice.

Comments

We are facing huge resistance at 0.031 usd....WHY?? actually looks like anyntime we can go to 0.027...

What are you saying?
Reply
@Tapita, It would seem that many people bought the TRX / SUN news around .30 to .31 and are trying to get out without a loss. That is a strong, long term resistance point reinforced by the little SUN bubble.

There is a large Adam and Eve forming so watch close for that. Neckline is near .284

A nice short term 3 drives pattern seems to be forming which could push the price up to retest that .31

It is a bit weaker than I hoped, with that Adam and Eve forming, but I'm still overall bullish.

Thanks for asking!
Reply
VeryNiceWork
Reply
Do you think tomorrow with the SUN staking ending, it could dump big?
Reply
DoYouMine Machine182
@Machine182, Looks like we just might dump.
Reply
Good luck
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out