TRX - TRXBTC signs of turning bullish.
Updated
Tron is gaining traction again! After being dead for almost 2.5 months, TRX is attracting the bulls.
Indicators:
- It broke the red downward trend.
- MACD is turning bullish.
- RSI reached its low and is now showing bulls buying from the weaker hands.
- OBV is showing the upward movement is accompanied with buying volume!
All in all, TRX is looking good. Since I am very bearish concerning BTC, and BTC dictates the entire crypto market
(P&D set aside), one should include a tight stop loss for this trade.
Buy in range
440 -- 470
First Target
500
Second Target
550
When TRX actually starts shooting up, Targets will be adjusted.
Indicators:
- It broke the red downward trend.
- MACD is turning bullish.
- RSI reached its low and is now showing bulls buying from the weaker hands.
- OBV is showing the upward movement is accompanied with buying volume!
All in all, TRX is looking good. Since I am very bearish concerning BTC, and BTC dictates the entire crypto market
(P&D set aside), one should include a tight stop loss for this trade.
Buy in range
440 -- 470
First Target
500
Second Target
550
When TRX actually starts shooting up, Targets will be adjusted.
Note
First and Second Targets have been reached! Tron is consolidating nicely and never broke its 0.5 Fibonacci ratio. Based on Elliott wave theory, Tron is expected to have at least a final 5th wave up.Third Target
650
Trade closed: target reached
First Target500 (Reached)
Second Target
550 (Reached)
Trade closed: target reached
Third Target600 (Reached)
Note
650*
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