Tron is gaining traction again! After being dead for almost 2.5 months, TRX is attracting the bulls.
Indicators: - It broke the red downward trend. - MACD is turning bullish. - RSI reached its low and is now showing bulls buying from the weaker hands. - OBV is showing the upward movement is accompanied with buying volume!
All in all, TRX is looking good. Since I am very bearish concerning BTC, and BTC dictates the entire crypto market (P&D set aside), one should include a tight stop loss for this trade.
Buy in range 440 -- 470
First Target 500
Second Target 550
When TRX actually starts shooting up, Targets will be adjusted.
Yorum
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First and Second Targets have been reached! Tron is consolidating nicely and never broke its 0.5 Fibonacci ratio. Based on Elliott wave theory, Tron is expected to have at least a final 5th wave up.
hello, and to where will the correction?