#TRON is fast approaching the end of this symmetrical wedge it's been trading in for a little while now. It's just about time to move!
Assuming a breakout of this triangle formation we've got a potential move on the upside of around 15%, or downward by around 6% to relevant levels of support and/or resistance.
What do you think?
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TRX/USDT
-broke above 200D MA dynamic resistance
-staring to break the recent local resistance area
-if the 2nd-day candle closes bullish or green
-it will likely continue its breakout form
-upside target is up to the swing top resistance
-stoploss should be placed under 200D MA
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. Relative strength index ( RSI ) is 50.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. Relative strength index ( RSI ) is 50.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested...
Technical analysis:
. TRON/ETHEREUM is in a range bound but the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. The RSI downtrend is broken, so the probability of a resumption of uptrend is increased.
Trading suggestion:
. We have already opened 7 BUY trade(s) @ 0.00007898...
Technical analysis:
. TRON/ETHEREUM is in a range bound but the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. The RSI downtrend is broken, so the probability of a resumption of uptrend is increased.
Trading suggestion:
. We have already opened 7 BUY trade(s) @ 0.00007898...
Technical analysis:
TRON/ETHEREUM s in a range bound and beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 45.
Trading suggestion:
The price is in a range bound but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone (0.000090...
Technical analysis:
TRON/ETHEREUM s in a range bound and beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 45.
Trading suggestion:
The price is in a range bound but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone (0.000090...
