TRX has completed a 1,2 and looks like its ready to brake out of in inverted head & shoulders.
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On all time frames, TRX/Tron is MORE THAN LIKELY, to see a bounce today; this will see a minimum of 5% gains during the course of the day.
What do the charts show?
On all time frames, TRX is illustrating that we will see a bullish reversal from 370 sats onwards.
A move down to 371 without going below it would indicate that is the local bottom before...
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Price is in the support zone (0.00000305...
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risky play, but worth the shot, price hanging on the monthly pivot, selling pressure on obvosc diminishing, rsi oversold. Playable bounce imo off this daily block into breaker above
p.s. this is bittrex chart, adjust the difference between bittrex and bitmex premium and just add it, levels the same