TRON / BitcoinLong
TRX - Tron - Breakout imminent
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Tron has been heading down in the recent days. Basically all of February but we're definitely exiting a diagonal right now.
Looking at the 50 and 200 moving averages crossing bearish for the first time in this timeframe I'll be looking to see what the reaction here is. First level if resistance will be at about 700 with the second at about 725. Those numbers are in line with two different bullish and bearish fibonacci levels.
Red fib (bear) is drawn from the high to the low and the yellow fib (bull) is drawn from the low to the lower high we reached on about Jan 27. The bullish fib is what is really defending the price right now.
Trade safely friends!
<3 -CE-
Tron has been heading down in the recent days. Basically all of February but we're definitely exiting a diagonal right now.
Looking at the 50 and 200 moving averages crossing bearish for the first time in this timeframe I'll be looking to see what the reaction here is. First level if resistance will be at about 700 with the second at about 725. Those numbers are in line with two different bullish and bearish fibonacci levels.
Red fib (bear) is drawn from the high to the low and the yellow fib (bull) is drawn from the low to the lower high we reached on about Jan 27. The bullish fib is what is really defending the price right now.
Trade safely friends!
<3 -CE-
CE - BitDoctor
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Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CE - BitDoctor
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.