TRON
Long

TRXUSD: Cup and Handle buy signal

459
Tron is technically overbought on its 1D outlook (RSI = 69.926, MACD = 0.003, ADX = 23.630) but is far from topping on its 2 year Channel Up. The 1W RSI is at a level where previously three times it made short term consolidations in the form of Cup and Handle patterns, rise to at least the 1.5 Fibonacci extension. The last one even hit the 2.5 Fib and that's what we're aiming for now (TP = 0.2000) as it is the closest to the Channel Up top.


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