TRONUSD trade ideas
TRX Tron - Breakout Swing Upwards - ConfluenceTRX Tron is showing confluence for an upside swing to hit 0.175. It has just broken out to the upside after a bump and run, a three drives reversal, within a descending triangle.
An additional confluence point to take notice: It has also hit the Fibonacci Golden Pocket retracement level.
Overall market structure looks bullish.
Should we expect further fall in TRX price?I think we should expect a bit more fall in TRX price.
Considering the exiting point and base of the triangle, maybe we can expect 0.121. However I also think TRX is sensitive to 272 fibonacci, so we should monitor the situation as always and act according to approved facts.
Cheers
Please let me know what do you think about the situation.
Can it reach the price of 0.25?Conditions for growth towards the price of 0.25 are good, if you break the middle line and cross the green line (strong resistance), you can hope to grow and reach the goal of 0.25.
In the MacD indicator, the buy signal is also given and shows an upward trend, but in case of large and negative volume, it is possible to change the shape of the MacD
good luck