Will TRX Uptrend go on ?
Since the 2nd October, TRON did a good development.
The Bulls broke one resistance and turned it to a support, another resistance line was hit.
Will the trend continue ?
It is possible, the price is far above the 30 EMA.
The price has not reached the 70 RSI line yet.
The candles look good as well.
So there is definitely a possibility of trend continuation.
An entry would be ideally above the Resistance line 1.
If the price drops below the Support 1 line, then the Bulls are losing and we have a chance to short it.
The Bulls broke one resistance and turned it to a support, another resistance line was hit.
Will the trend continue ?
It is possible, the price is far above the 30 EMA.
The price has not reached the 70 RSI line yet.
The candles look good as well.
So there is definitely a possibility of trend continuation.
An entry would be ideally above the Resistance line 1.
If the price drops below the Support 1 line, then the Bulls are losing and we have a chance to short it.
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.