For TRON (TRXBTC), we have prices trading in between EMA300 and MA200... As marked on the above chart.
Prices for TRXBTC went below MA200 (black line) just to quickly bounce back above this level while printing a higher low (light blue) compared to 8-Jan.
- So, on the 8th of January 2020, TRXBTC hit 0.00000171 and started to move up. - On the 14th of February prices for TRXBTC peaked at 0.00000262, this is near EMA300. - Now that TRXBTC retraced and tested MA200 as support, it is likely to go higher and test EMA300 at 0.00000250+ once more.
These signals are still early but we believe that TRXBTC can bounce here... We will see how it goes.
Feb 2 | Tron Conquers New Resistance, Extremely Bullish (600%+)
Remember to have a trading plan/strategy before you decide to trade.
The charts are always changing, what would you do if prices go the other way?
Always be prepared for all scenarios and do not get stuck on what you believe will happen next.
Reduce risk... Start small... Take your time before you trade.
This is Alan Masters... Thanks a lot for your continued support.
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