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?
Bullish
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...
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Technical analysis:
. TRON/DOLLAR is in a downtrend 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 34.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. Price is in the support zone (0.030...
Technical analysis:
. TRON/DOLLAR is in a downtrend 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 41.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.034 to 0.030). if so, traders can set orders based on Price Action...
Technical analysis:
TRON/DOLLAR s in a range bound and resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
The price is in a range bound but we forecast the uptrend would resume.
There is a possibility of temporary retracement to suggested support zone (0.0562 to...
Having a look at TRX, as we begin March.
Things to keep in mind: a) test net launch, b) coin burn. - end of month.
TRX is tightening in a triangle, with a solid cup and handle forming (See yellow).
I'm hoping that within a week, we see significant increases in value.
Stubborn TRX has fallen and bounced of a previous support line.
If this continues, new larger scale uptrend triangle to follow.
Keep an eye on support breaks (blue lines).
.382 Fib may be trouble again, as triangle draws to a close.
If so, there's always end of march ;)
TRX has reached the end of a symmetrical triangle and could go either way.
MACD indicates a positive turn.
See fib levels for wave 3, or red line for strong bottom support of smaller wave A.
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