Potential support/resistance zones
Green line cluster could be used to place stops if you are already in long position
Closest red lines could be either take profit or trailing stop if/when breached
Next far red line could be next target
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...
EW completes @ 0.883.
Retrace already clipped that but should
retrace fully over the next couple of days.
Watch what happens in the yellow box.
2 possibilities, depending on the wave count
from the 8th of Oct.
Orange or blue, my opinion, blue,
support is strong around 290...
Let's see how this unfolds.
Tron has found support at lower levels and is in a local upward trend. The long term wedge still shows downward movement, but price action is stabilizing and looks to break the smaller wedges formed on the month. If this breaks, and support is found on the next resistance level, we can hope to see an upward trend start to form. Chart could be affected by TRX...
"Take Me Home Justin Sun" Lol - TRX looking moderately bullish here in a somewhat upward channel... still ranging in-between resistance and support market in purple lines, but it looks like it has broken out of the long downward trend that it previously was in for a while.