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.
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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Today our eyes were glued to the throne. This sign is designed to revolutionize the market of social networks, adding a new trend in the world of Internet technologies.
Tron technology is a distributed network that allows users to access entertainment content from anywhere without the help of intermediaries. The reward for posting...
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
. TRON/BITCOIN is 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 35.
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone...
TRX/BTC is trading in the red and seems very heavy on the short term. Price is pressuring a dynamic support, so we may still have a valid breakdown after all. You can sell this after a retest and after the breakdown will be validated.
TRX seems to have been rejected again at the resistance at the 860 area. I am watching very closely for a pull back to the trend line for another entry or if it does break up a potential entry above the previous structure.