Tron preparing to break through next resistance
Updated
Hi, I am not a technical analyst, but I look at geometric patterns guiding me pretty well for now. I am a hobby trader trying to beat my own predictions and I follow TRON since Sept 2017.
Tron is in a consolidation phase to prepare for its big breakout to the upper side. Tron has to break the VERY STRONG resistance (light blu) at .00012350/.00013000 and if it breaks through I don't see anything stopping Tron until reaching at least .00025000, unless it can't keep staying over the blu resistance line , what would bring Tron back to .00008500. So lets stay positive and let's see if my predictions come true, I am giving a timeline between any days from now to the first 10 days in May. If you share my analysis give me thumb up, thanks!
Tron is in a consolidation phase to prepare for its big breakout to the upper side. Tron has to break the VERY STRONG resistance (light blu) at .00012350/.00013000 and if it breaks through I don't see anything stopping Tron until reaching at least .00025000, unless it can't keep staying over the blu resistance line , what would bring Tron back to .00008500. So lets stay positive and let's see if my predictions come true, I am giving a timeline between any days from now to the first 10 days in May. If you share my analysis give me thumb up, thanks!
Trade closed: target reached
We finally broke resistance at .0000125/13 and Tron should now work itself up in direction .0000183/25. During this rise we will have sell offs but we will continue rising. I don't see anything preventing Tron to reach the next target.I am just a little cautious regarding a hype about Alibaba partnership what is for now just a high speculation what might have triggered Tron to strong rise atm. Lets see.
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