Tron has clear downtrend. Even little push not carry to the upside. It has corrective measurement. (A to the B on the chart)
Clear 3 waves to the upside means corrective move.
If last line of defence (0.01096) won't hold, its obvious that we have new local low.
It is possible to test median line of falling channel. Still has some time.
In other words it...
I will see it in the short term.
There is no big change.
Check if you can continue to receive support from 20MA.
You should also check if you can support the upward trend line.
It broke through strongly against the 0.01495 point.
You should check if you can get support at 0.01364 and the uptrend line.
The CEO talks too...
Priceline of TRX / US Dollar cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.01863 to 0.01823
Sell between: 0.01916 to...
Let's look at the chart in the mid to long term.
A chart of TRXBTC was added.
It is supported by an upward trend line.
The day when the downtrend line meets the uptrend line is around May 2020.
However, the day when the downtrend line meets the 0.00000308 point is around February 2020, so we expect to break out of the downtrend line before May 2020.
Very Nice Reversal Structure & S/R Levels climbing
DMA100 is smashed
Keep it Simple:
Buy the S/R Flip Zone (Green Box)
Target upper Red Lines
Any Rejection of DMA200 might take it back to 1600-1800 Zone
Daily, Tron/USD parity H&S target seems to have arrived. I think would move to 5. wave after a slight correction. Should be considered RSI's divergence, butterfly pattern, cup with 'handle' and waves corrections. Good luck!