Identifying the strongest trendline with the fib circles shows the price sitting just above 2.618
With the formation of seemingly a bullflag, this is a very bullish sign
At these levels TRON is very undervalued imo
Bulls will win this battle
Using fib circles we can see the bear moves and bull moves respective to their fib areas
I hope for a bear wave, to further validate my Fib waves idea
Regardless TRON is very cheap and going long is a nice idea
Reason for the purchase:
* Level breakdown 0.015.
* There was a level test.
* Moving average is directed to the long.
* The triangle is a pattern of trend continuation.
* A stop-loss can be tied to a level.
* I think there should be another push.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal!
Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern.
IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support...
TRON is showing some bullish signs, like many major alt coins. 4H chart.
Alligator is eating bullishly, (jaw lips and teeth are separated)
Sitting above the .236 fib line from retracement from last top
Trading preciously along 1/1 Gann line, I expect a movement into the 1/2 area.
On the daily timeframe, it floats near support, the situation is similar to XRPBTC : long here is less risky and looks more reasonable. Stop could be tight.
But need to keep in mind (always) overall market conditions because it could change everything.
Information is just for educational purposes, never financial advice. Always do your own research.
Keep accumulating TRX this zone because TRX will move so fast. Justin Sun smells this time is not good time to push up, so he delayed his lunch to July 27, that's the begining time for next rally. Hold tight!
Stoploss : Under 230
At first, TRX brought us a lot of profit in previous signal. TRX is forming a reverse H&S formation. And this shows the possibility of rapid price increase in the coming time
Buyzone : Buy as close to 340-345 as possible
Recommend Sellzone : 400-460
Stoploss if price is lower than 335 and consider buying back around 305-310