Tron breaks long-term resistance finally?
Updated
After 2 months sideaway, Tron aims breaking a long-term resistance i.e 100-Day MA. It failed 3 times in october.But breakout will be accomplished soon. Why?
1. A strong support i.e 20-Day MA (mid line of boolinger band) is extremely near to resistance now and price must decide to break one of them. which lines is stronger? I think support (green line) will be winner and price jump nice.
2. Justin Sun (Tron's founder) proved that he is a strong hyper. He knows when and how tweet and help technical to make a bullish movement. I think sun will play his important role once again.
1. A strong support i.e 20-Day MA (mid line of boolinger band) is extremely near to resistance now and price must decide to break one of them. which lines is stronger? I think support (green line) will be winner and price jump nice.
2. Justin Sun (Tron's founder) proved that he is a strong hyper. He knows when and how tweet and help technical to make a bullish movement. I think sun will play his important role once again.
Note
1.Green line (20-Day MA) as a support has been broken and is not in play now.
2. Price could not beat pink line (100-Day MA) so far.
3. There is another support for TRON still. it is uptrend line that startd on september 12 and is valid still. This support and Pink line formed a small triangle and price is in a tight region on it. so it seems price will break pink line in next week.
I hope good days are coming for TRON
Related publications
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.