Hello everyone Today I come up with an idea about Tron(TRX) I have been watching the graph for about 3 days and this is my point of view Price if the price of TRX can close above 0.054214(green line) there is a posibility that the price will go higher because I think last three days the price was consolidation. 4H Chart In the 4 hours chart you can see that most of my indicators are about trend and recently the indicator show that the trend which is bullish, quite strong and people are greedy so the price most likely to go up. However As the price move extremely up before (one week before) there is a posibility that its might go down to retest at some strong support line which I guess is around 0.046046 - 0.041860 and if the price can stay below those line the trend may change from bullish to bearish so my suggestion is if the candle can't close above 0.057455(orang line) in next one week or two weeks, It may not be a down trend.
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.