alanmasters
Long

Bullish TRON (TRXBTC) - Slowy & Steady Growth

BINANCE:TRXBTC   TRON / Bitcoin
Since TRON ( TRXBTC ) touched bottom on the 16th August, it has been having slow and steady growth.

Slow and steady growth is a signal of strength for any cryptocurrency.

After the low point on mid August, most of the altcoins made a lower low or hit the same low on mid September but not TRON. On mid September, TRXBTC created a higher low compared to mid August; this is bullish signal.

So why am I bullish TRON ( TRXBTC )? Let's take a look:

  • On top of the signals mentioned above; higher lows / uptrend, and steady growth...

  • We can also appreciate the big increase in volume . Steadily more green volume is coming in and prices continue to increase.

  • We are now trading above EMA10 and EMA50 on the daily time frame. We broke above EMA50 (magenta line) just recently.

  • We have Doji and Hammer candlesticks on the day we looked to make a low (mid August and September). Both are reversal candles.

  • Indicators are bullish . MACD , RSI and STOCH .

  • We have three consecutive days of green candles / bullish active... More bullish active is about to come.

Please comment and share your opinion about this trade idea and the future of TRON ( TRXBTC ).
Where you think is headed in the near and far future?

If you enjoyed this post in anyway, feel free to like and follow...
Your support is highly appreciated.

Namaste.
Comment: My TRON (TRXBTC) trade can be found here:

We are moving up now.
Comment: We closed the 4h candle above resistance with good volume. The price is already holding nicely and showing some pretty good bullish momentum...



We also created a higher high compared to the 21st September peak, this is another bullish development. Looking good so far.

We are in good profits for our TRXBTC trade, we bought in around 290 satoshis and now moving up strong with great profits.
Comment: As TRON goes bullish, BITCOIN as well.

Please check my latest Bitcoin & Altcoins Market updates below...

When will the breakout happen?
When will the altcoins market bull run come?

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Related Ideas

Dear alan,
How far can trx run, in this new up ?!
Many thanks
Reply
@Ar84ltc, You mean short term or what?
Reply
Ar84ltc alanmasters
@alanmasters, next fee days/target
Reply
@Ar84ltc, 450-490 can take several weeks.
Reply
Ar84ltc alanmasters
@alanmasters, thanks!!
+1 Reply
Is tron going towards some correction ?
Reply
alanmasters efashion321
@efashion321, Yes, it is doing a classic retrace. We are going with slow steady growth.
Reply
alanmasters Crypto-Adviser
@Crypto-Adviser, Thanks for sharing.
Reply
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