TRX price update: TRX/USDT and TRX/BTC
Hello people,
As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance.
We can see the picture more clearly on the daily time chart:
Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last higher high TRON managed to break on a smaller timeframe. If the bulls manage to hold these prices we can soon expect another attempt towards higher high on daily. This scenario would be very bullish.
On TRX/BTC chart TRON looks very good:
It broke massively from the iH&S structure and is now retesting the neckline. If the bulls manage to hold that support line we can expect a huge move to the upside:
Be patient and trade safely.
As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance.
We can see the picture more clearly on the daily time chart:
Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last higher high TRON managed to break on a smaller timeframe. If the bulls manage to hold these prices we can soon expect another attempt towards higher high on daily. This scenario would be very bullish.
On TRX/BTC chart TRON looks very good:
It broke massively from the iH&S structure and is now retesting the neckline. If the bulls manage to hold that support line we can expect a huge move to the upside:
Be patient and trade safely.
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.