Tron (TRXUSDT) has been growing since March 2020, higher highs and higher lows, more than 3.3 years.
We will not go that far back but instead will focus on current price action.
We see a nice uptrend, ascending channel, since November 2020 and the chart signals are telling me that this pair is about to pick up momentum.
✔️ EMA300 and EMA200 were tested as support recently, last month, and held beautifully.
✔️ Now we are seeing five 3D sessions closing green, that's 15 days of green with prices trading above EMA10 and EMA21.
✔️ The MACD is above zero and about to print a bullish cross with a strong RSI.
This all points to higher prices with the main support being at EMA50 (0.0698) and EMA300 (0.0660).
Now the targets:
1) The first jump can produce 55% at around $0.121.
2) The second jump can reach higher and hit 116% at $0.167.
These are easy targets for this bullish wave.
Namaste.
We will not go that far back but instead will focus on current price action.
We see a nice uptrend, ascending channel, since November 2020 and the chart signals are telling me that this pair is about to pick up momentum.
✔️ EMA300 and EMA200 were tested as support recently, last month, and held beautifully.
✔️ Now we are seeing five 3D sessions closing green, that's 15 days of green with prices trading above EMA10 and EMA21.
✔️ The MACD is above zero and about to print a bullish cross with a strong RSI.
This all points to higher prices with the main support being at EMA50 (0.0698) and EMA300 (0.0660).
Now the targets:
1) The first jump can produce 55% at around $0.121.
2) The second jump can reach higher and hit 116% at $0.167.
These are easy targets for this bullish wave.
Namaste.
Note
It starts to move but we definitely expect more from this pair.We wait patiently and see how it goes.
Note
A major price jump is coming to Tron, it is trading at the highest level since early June. It should be really strong.
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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.