Tron is looking to breakout!??
Hello Traders,
Looking at the 4 hour chart, Tron is starting to look bullish day after day.
After the side way movement since May 29th, Tron is struggling to break blue trendline. Every time Tron reaches to this trendline, it dips down to 5.63 cents.
However, after failing to break from the blue trendline for the third time, Tron actually found higher low support (indicated in red circle).
If we can find higher high (resistance) within next few hours, the trend will change to the bull's favour.
Additionally, there was Stoch RSI crossover, and RSI is looking bullish at the moment (it seems like 43.8 is a magical number for Tron. As long as Tron can stay above 43, we should expect some profit!)
The breakout from the blue trendline is 7 cents, which is where the brown trendline is.
Happy Trading?
Looking at the 4 hour chart, Tron is starting to look bullish day after day.
After the side way movement since May 29th, Tron is struggling to break blue trendline. Every time Tron reaches to this trendline, it dips down to 5.63 cents.
However, after failing to break from the blue trendline for the third time, Tron actually found higher low support (indicated in red circle).
If we can find higher high (resistance) within next few hours, the trend will change to the bull's favour.
Additionally, there was Stoch RSI crossover, and RSI is looking bullish at the moment (it seems like 43.8 is a magical number for Tron. As long as Tron can stay above 43, we should expect some profit!)
The breakout from the blue trendline is 7 cents, which is where the brown trendline is.
Happy Trading?
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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.
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.