Technical analysis: #TRON (Daily update)
* TRXUSDT is already BREAKOUT the downtrend and retested is also done, the beginning of an uptrend is expected from here.
*The price is trading ABOVE both MA's (50- MA and 21 MA) as well as trend line ,
* LOOK too bullish when ever its trade above the both MA's as well as downtrend but need to break the rising wage...
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
Taking a look at price action you can see that the most recent pullback was a retest of key support and resistance and on top of that we formed hidden bullish divergence on the daily time frame !!
A short term break and rest of our most recent high which lines up with an area of support is holding strong
In my view holding this level could allow us to run up to...
According to this chart
We had finish a rally a few weeks ago and until 3-4 weeks ago we are in downtrend until the important zone that we shown on chart support the price
After the second zone that shown in pink color we can say up trend is beginning and we are in floor price upward trend
until the pink zone is not break down with powerful candle...
TRX slipped down on its charts over the last 24 hours and was trading at $0.102. The altcoin had registered a multi-month high yesterday, however, it failed to topple the $0.104 resistance. Its immediate support zone lay at $0.0958, the additional support lines stood at $0.088 and at $0.0816. it's been three weeks since TRX last traded around $0.0816
TRX should go to the resistance zone. on its way, there's a redline. if price breaks this line, it can go up to the next target. although there's no clear analysis of what happens in this gap.
The red support shown in chart is really powerful and will not be easily broken.
Don't forget to follow and comment