TRON / BitcoinUpdated Tron Update #8! Beautiful set up. Big bull run is coming!
Hello Traders,
If you recall from my last update, I mentioned that purple line would most likely act as a major resistance again, and Tron needs to go above this line in order to continue the next bull run.
Just a few minutes ago, Tron just bounced back from this purple line yet again and looking to go back to the yellow ascending channel. (scenario 1 from my last analysis)
However, after this latest development, I am completely bullish on Tron now and here is why:
1) MACD crossover above 0 level: Bullish sign
2) RSI: Bullish
3) Stoch RSI: Bullish
4) Increase in volume: rejecting the bear flag possibility (red arrow)
I still expect Tron to hit brown line within the yellow channel first, and contest this purple line again.
As long as Bitcoin does not fluctuate in next few days, I am confident that Tron will surpass this orange box zone. If Tron manages to go over this zone, Tron will find its way to 680 Satoshi without any problem. (blue box)
If you appreciate my analysis from this month, I kindly ask you to leave big thumb up and I will try my best to find you a profitable trade!
I am currently raising money for Ride for Heart (Heart and Stroke Foundation), so if you appreciate my analysis or made sizable profit from my analysis, any donations are welcome!
All donation will go toward this event!!
ETH: 0x8301afec98673002fef1dff82a604a010a6a9330
If you recall from my last update, I mentioned that purple line would most likely act as a major resistance again, and Tron needs to go above this line in order to continue the next bull run.
Just a few minutes ago, Tron just bounced back from this purple line yet again and looking to go back to the yellow ascending channel. (scenario 1 from my last analysis)
However, after this latest development, I am completely bullish on Tron now and here is why:
1) MACD crossover above 0 level: Bullish sign
2) RSI: Bullish
3) Stoch RSI: Bullish
4) Increase in volume: rejecting the bear flag possibility (red arrow)
I still expect Tron to hit brown line within the yellow channel first, and contest this purple line again.
As long as Bitcoin does not fluctuate in next few days, I am confident that Tron will surpass this orange box zone. If Tron manages to go over this zone, Tron will find its way to 680 Satoshi without any problem. (blue box)
If you appreciate my analysis from this month, I kindly ask you to leave big thumb up and I will try my best to find you a profitable trade!
I am currently raising money for Ride for Heart (Heart and Stroke Foundation), so if you appreciate my analysis or made sizable profit from my analysis, any donations are welcome!
All donation will go toward this event!!
ETH: 0x8301afec98673002fef1dff82a604a010a6a9330
Note
And here it is!! Confirmed breakout!! Back to the bullish channel again!!Black ascending line will be the first resistance, followed by 680 Satoshi. If Tron manages to break these two resistance --> Moon time!!
Note
Good run! Time for consolidation and side way movementsIn case of another breakout, I listed my target. Please do take partial profit at every level.
Note
What an exciting day for Tron holders! Looking at the 4 hour chart for Tron, its stoch RSI and RSI are at the overbought regionMy next entry point is 676 Satoshi!
Note
Alrite good bull run. What goes down must come down. I am not surprised to see Tron come back to 693 Satoshi again. (50% fib level)
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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.