AlanSantana

Will TRON Continue Its Retrace?

Short
BINANCE:TRXBTC   TRON / Bitcoin
If Bitcoin is to move up strong, TRON (TRXBTC) is very likely to retrace.

Looking at the chart for TRON, it seems that it will continue with its retrace.

Remember we made huge money with TRXH19, over 90% profits within 24 hours shorting it on BitMEX.
You can see it here:
The weakness remains and it seems that Tron will continue retracing.

Now, if TRXBTC moves up and closes above 863 satoshis, then this analysis is invalidated and a new analysis is needed. This would signal strength and a new move up can start.
On the right chart, the first challenge is EMA10... A close above, below we remain with the same bearish view/perspective.

Namaste.

🔝 100,000+ Altcoins & Bitcoin Charts!
t.me/alansantana1111

🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com

➖ If you now enjoy the content, please consider support below...
👉 lamatrades.com (Since 2017)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.