Coin 2 Watch: Tron / Golden Cross, Cup & Handle, and Bullflag
Despite the current bearish outlook on bitcoin we can see that tron has a lot of exciting things currently going for it on the 1 day chart on binance. It has completed a cup and is now currently working on the handle which happens to be inside a very long bull flag. We can also see what appears to be an inevitable golden cross about to occur on the tronbtc pair which should be sustainable when you factor in the other bullish patterns that are about to trigger along side that golden cross..would not surprise me one bit to see tron stay resilient and even somewhat in the green during btcs next bear move. We can see the daily stochrsi has plenty of room to go up as well. Fundamentally this could be caused by a few different factors but I think the 2 biggest are that it was added as a pair with xrp on binance and also trx was named the first binance gold label project coin. There's likely other big developments recently too but I haven't had time to dig any deeper into the fundamental side of tron. Anyways I expect it to do very well in the following weeks if this golden cross occurs and the cup and handle triggers so while this is not financial advice I do recommend you keep an eye on it and make your own decisions on whether or not to grab any for yourself. Thanks for reading.
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.