Hey guys, Tron is at an important stage right now: We're under the huge previously support/ now turned into resistance area around 0,056. The area was resistance for more than 2 months, and we broke it together with BTCs downtrend, in a clear descending triangle, where the importance of that support break could be seen clearly with a huge red candle.
On the Daily we managed to get above 12 EMA resistance. On the hourly we have the 0,05 psychological as resistance right now. If we break this area to the upside, we could test the important resistance area at 0,056 -which is right now 10% away, I talked about this in today's video of my Crypto Chart Analysis.
Of course, no matter what you trade in crypto, you always have to watch out for grandpa BTC and always have to put your stop loss accordingly. I wish you the best of luck! ;)
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
On the Daily we managed to get above 12 EMA resistance. On the hourly we have the 0,05 psychological as resistance right now. If we break this area to the upside, we could test the important resistance area at 0,056 -which is right now 10% away, I talked about this in today's video of my Crypto Chart Analysis.
Of course, no matter what you trade in crypto, you always have to watch out for grandpa BTC and always have to put your stop loss accordingly. I wish you the best of luck! ;)
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.