TRON (TRXBTC) is finally sitting on support after a month and a half long retrace.
Right now, TRXBTC is sitting at the 0.786 Fib. retracement level with the MACD and RSI both going flat and starting to curve up.
We also have a falling wedge pattern (in purple) which is bullish in nature.
So TRXBTC is almost reaching its breakout point.
TRON's price can still go lower before moving up.
If the 0.786 Fib. level breaks, you can expect for TRX to find support at EMA200 (orange).
On the case of additional falling, there is a big chance of a bounce soon as the entire altcoins market is moving green and bullish.
Keep an eye out for TRXBTC, as it might move next.
You agree with the signals and analysis above?
Feel free to hit like and leave a comment to show your support.
Namaste.
Right now, TRXBTC is sitting at the 0.786 Fib. retracement level with the MACD and RSI both going flat and starting to curve up.
We also have a falling wedge pattern (in purple) which is bullish in nature.
So TRXBTC is almost reaching its breakout point.
TRON's price can still go lower before moving up.
If the 0.786 Fib. level breaks, you can expect for TRX to find support at EMA200 (orange).
On the case of additional falling, there is a big chance of a bounce soon as the entire altcoins market is moving green and bullish.
Keep an eye out for TRXBTC, as it might move next.
You agree with the signals and analysis above?
Feel free to hit like and leave a comment to show your support.
Namaste.
Note
Weekly chart: 
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🚨 Long-term Financial Success Available Now! (Avoid Mistakes) —PREMIUM Channels 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
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.