TRON - DESTINED TO MOON.!

Updated
2 Hour chart:
snapshot

Daily Chart:
snapshot

TRON already broke out from it's falling wedge pattern and is now increasing. The new uptrend has been marked with dotted Orange line.
Let's see some key points:
  • Daily MACD histogram tells us that the market is going to move upward.
  • Volume Oscillator is indicating an increase in Volume which is supporting the MACD's Bulish signal.
  • RSI confirms price reversal.
  • Moving Average(45 days) is showing strong trend reversal from downtrend.
  • Moving Average(60 days) is showing strong trend reversal from downtrend.



It is a good time to get in some TRON or increase your current positions.

Also, TRON is releasing it's TEST NET on 31 March. A lot of hype already. So, expect some significant increase in price.

P.S: This is not an investment advice. This is for educational purpose only. Invest at your own risk.

Good luck trading.!
Peace.
Note
Trade is going as i predicted. Congratulations to those to who bought in when i signalled.

24 Hour High - 606
Current - 530

TRON is ready for another Run as can be seen from 1 hour chart. It is showing, falling wedge pattern.

BUY IN RANGE: 510-540

Good luck.
Note
Forming EW Waves. MACD still very BULLISH.

snapshot
Trade active
Moving as expected.
Note
TRON is moving as expected. From here, there 2 possible scenarios:

1. It can complete this 4th EW and then head or the 5th wave i.e uptrend.

2. It can keep going downwards and make H&S pattern.

We have to wait and see how it plays out.

P.S: I am just beginner, so please do your own research.
Good luck.
Note
snapshot
Trend AnalysisTRONtronbtc

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

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