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Bullish TRON (TRX)? Next Easy Target Mapped
TRON / Bitcoin
Long
Bullish TRON (TRX)? Next Easy Target Mapped
By AlanSantana
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Updated
Jul 6, 2020
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Jun 30, 2020
We've seen so many altcoins produce great bullish action... But what about TRON (TRXBTC)?
Here we have multiple signals that are now pointing to growth... Let's have a quick look at those:
We have prices trading above EMA10 and EMA50.
Switching the potential from bearish to bullish.
We have low volume while breaking resistance, supporting the bullish trend.
The MACD is above zero and showing a bullish cross.
The RSI is considered strong/bullish above 50. For TRXBTC on the daily timeframe, the RSI is now at 60+.
Looking at these signals, we can say that TRXBTC can easily jump.
Remember to have a plan if you decide to trade.
The charts are always changing and this one here can also change.
If prices break and close below EMA10, the above analysis becomes invalid and a new one is needed to better know what will happen next.
Thanks a lot for reading.
Namaste.
Jul 6, 2020
Note
Get ready folks this will be big...
alanmasters
altcoins
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