The smell of crypto fomo is in the air and the discounts are still here!
Trx / tron has broken out of a multi year correction.
This project has one of the strongest followings, active dapps and deep pockets.
With ethereum and bitcoin breaking out and running this year after the btc halvening we are now seeing the alts correlate and start to begin the new...
Here let's have a look at TRON (TRXBTC).
The next target for me is sitting at MA200 or 0.00000186.
We have a higher low compared to the 27-July and also a reversal candle being printed.
Closing above EMA10 on the current 4H candle confirms this set up.
A full candle close below 0.00000165 is our stop-loss.
TRXBTC moving inside uptrend channel also we can see small falling wedge near the support line of this channel.
I expect the movement to the resistance line of this channel, as well as the 61.8 Fibonacci level.
RSI - oversold
Best regards EXCAVO
TRON (TRXBTC) is now trading above some major EMAs and has plenty of room available for growth.
With prices trading above EMA200 and MA200, the green arrows marked on the chart can easily be followed.
We can see the MACD curving and starting to print a bullish cross, this while staying above the zero line.
The RSI is now sitting at 62 which is very...
We are looking at the long-term chart for many altcoins, now we reached the TRON (TRXBTC) chart... This altcoin was one of the most hyped back in late 2017/early 2018... How much can it grow?
TRXBTC peaked in January 2018... It has been dropping since.
September last year, 2019, TRXBTC hit a new All-Time Low, it has been holding since.
Now prices broke above...
The upward movement has begun.
High price of Como cloud.
The resistance ahead is broken and will continue to grow by touching the 200 moving average
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Today’s Analysis – TRXBTC – breaking out of an inverted head and shoulders where price consolidation above key levels will change the trend.
Points to consider
- Neckline breached (Pattern Validation)
- Daily support breached (Golden Cross confluence)
- Structural resistance confluence (Technical target)
- Oscillators cooling off
TRX/BTC is inside accumulation box on the daily chart, but the important support levels it seemed that it held the price very well above this level and, now the bulls are trying to take control of this asset, what we can expect for this asset?
Will the price continue in a sideways trend or will it revert to an upward trend? I think it's too early...
We've seen so many altcoins produce great bullish action... But what about TRON (TRXBTC)?
Here we have multiple signals that are now pointing to growth... Let's have a quick look at those:
We have prices trading above EMA10 and EMA50.
Switching the potential from bearish to bullish.
We have low volume while breaking resistance, supporting the bullish...