I just woke up to share a trade for TRON (TRXM19) on BitMEX, just a feeling and when I checked the charts it was already on the move...
The last drop hit perfectly our buy-in range but there is still room for more...
Well, here it is, TRON (TRXM19) has broken above strong resistance and it is ready for some additional bullish action... Let's take a look at the...
Tron (TRXM19) is starting to gain bullish momentum on the 4H time frame. The last four candles closed green and volume is starting to build up on a Monday.
We saw how Ripple (XRPM19) took off with great strength, Ripple and Tron tend to move together on BitMEX.
If TRXM19 can break 0.00000366 (EMA50) and remain above this level, a strong bullish move can happen....
A much clear falling wedge on display here, which is a bullish pattern and usually breaks towards the upside
Strong S&R at 380. Expecting an upwards bounce from 380. A candle close below 380 won't be good for Tron.
0.618 (retracement) - 0.00000367 low to 0.00000474 high
0.5 (retracement) - 0.00000350 low to 0.00000474 high
1.0 (projection) - 0.00000380 high to 0.00000331 low projected from 0.00000463 = 0.00000414
1.0 (projection) - 0.00000415 high to 0.00000365 low projected from 0.00000463 = 0.00000413
1.0 (projection) - 0.00000474 high to 0.00000421 low projected from...
0.236 - 0.00000472 high to 0.00000399 low = 0.00000417
1.0 - 0.00000380 high to 0.00000331 low projected from 0.00000463 = 0.00000414
1.0 - 0.00000415 high to 0.00000365 low projected from 0.00000463 = 0.00000413
1.0 - 0.00000474 high to 0.00000421 low projected from 0.00000463 = 0.00000410
89 + 233 EMA’
RSI Bullish Divergence
Stop Loss - 0.00000403