Technical Analysis Summary
TRX/USDT
TREND ANALYSIS
We have 2 Downward trend in red color
We have 1 daily Uptrend in green
The wider the trend the stronger the trend
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Hourly levels can be found on the...
Based on the RSI divergence and how the 1D MA50 and MA200 are trading, then yes it is possible that TRON is repeating the August - November 2018 sequence. The current Triangle is completed with one last dip towards 0.01000, which will be the opportunity for buyers to step in. Moderate Target: 0.023000.
The Inverse Head and Shoulders pattern I posted on early April has been completed and TRXUSD is now on the final accumulation phase before the major bullish break out of this cycle. I have two targets on this one: 0.03800 on the short term and 0.09500 on the medium term. The Inverse Head and Shoulders neckline should provide support during this process.
On the first chart (medium term) I've put TRON on the 1D chart, which is a bullish Inverse Head and Shoulders formation (1W). The neckline is obvious and is what has been providing the direction (through rejection and rebound points). One more Low around 0.02300 is left until the pattern aggressively breaks to the upside and towards 0.044 and 0.055.
On the second...
