Tron's top may be near based on this fractal.
TRXUSD is testing the 5-month Resistance following the December/ June aggressive rise.
Levels to watch:
- The Resistance is at 0.0235 the Support at 0.0121.
- A Golden Cross is about to take place on the 1D chart. Last time this happened on a top (February 1 2019) Tron turned sideways for almost 4 months.
- The RSI is printing a similar pattern to February 2019.
- That former consolidation found Support on the symmetrical top of the previous higher high.
Projection:
- This may be a cyclical pattern with the Golden Cross marking the top of a bullish leg and then lengthy consolidation until a new high is made. We are expecting a similar behavior.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
Levels to watch:
- The Resistance is at 0.0235 the Support at 0.0121.
- A Golden Cross is about to take place on the 1D chart. Last time this happened on a top (February 1 2019) Tron turned sideways for almost 4 months.
- The RSI is printing a similar pattern to February 2019.
- That former consolidation found Support on the symmetrical top of the previous higher high.
Projection:
- This may be a cyclical pattern with the Golden Cross marking the top of a bullish leg and then lengthy consolidation until a new high is made. We are expecting a similar behavior.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.