Something to keep in mind. If TRX breaks the trend line which is also the neckline, we could the bottom very hard.
For this we need a large volume breakdown below the neck line and stay under the neckline for at least one day.
Elliot-wave principle for price pattern recognition supported by Fibonacci retrancement to find levels of support and resistance. lets see how this unfolds
I love TRXETH because the pair remained relatively stable throughout the downtrend even though TRXUSD can't tell the same story. Price is still holding great at around .000087 ETH, having gone above .0001 ETH in recent months. It's a long downtrend and the entire cryptosphere is full of fear, uncertainty and doubt. I believe current sentiment does not reflect the...
TRX looking good at the moment
MACD & RSI indicators looking bullish
Nice breakout after the downtrend on the right shoulder
First target "T1" established (50%) gain
Looking to hear some others thoughts on this Head and Shoulders formation, and whether others think its completed or still going down farther. Currently short-term looks like it will turn bullish.
What do you think? Looking forward to seeing others ideas.
TRX is resting on a huge support area generated over the last months. If it breaks, we will go down to the level of 8300, although RSI is on the sold area.
Therefore based on Fibonacci and a small resistance zone generated on the last few days, I will make the following targets:
T1: 8730
T2: 8830
T3: 9000
T4: 9300
T5: 9700
SL: 8300
Good luck trading
As seen above we are looking at 2 divergences..
RSI Divergence, price make new low and RSI made new high.
MACD climbing despite price continuing to fall. Could signal potential trend reversal.
What are your thoughts on Tron (TRX) after the main net launch?
Start day trading with Binance ( www.binance.com )
