#tron below 750 sats support: Bullish & Bearish view for $trxbtc

Tron has broken below strong support region: 750-800 and the triangle's support at 750.

Previous post on tron (2 June): "50DMA at 809 if tron closes below 809, then it may fall to 650 region in upcoming weeks"

We are seeing XYZ correction from tron with ABC waves in X:

Minor B retraced till 50fib of Minor A

Minor C was 0.618 fib ext of Minor A

X wave was a 38.2fib retrace of W

Y wave is expected to be around the 0.618 fib extension of W, i.e around the 50fib-61.8fib region: 650-680

Bullish view if we break above 20DMA support.

In 1D time frame: Tron has given many bearish signals, since crossing below 20DMA:

Comment:

#TRON is below 650sats. RSI oversold in 1D and showing divergence in 4H with a TD9.

The 600-650 region was once strong resistance for #trxbtc before it broke above on 23 May.

Weekly 20MA is currently at 620. We can expect retracements from this region.

Comment:

#tron is up +20% facing resistance at the 20DMA level: 728. Short term relief rally after dropping till the weekly 20MA support and 61.8fib: 610

Facing resistance at the 20DMA: 730, needs to break this lvl with conviction first, to test upper level resistances around 760,790 and 810.

Broken lvl needs to hold as support during retracements, else a fall to below 600 support lvls can be expected during this week.

Comment:

#tron didn't managed to sustain above 20DMA level for long,

Currently range bound bw 20 & 100 DMA lvls.

If #trx breaks below 695 lvl with confirmation then retest of recent lows can be expected.

Below 600 next major support arnd 450.