Tron is in neutral territory. You need to know this information
Let me start off by saying that I am not a financial adviser. You should not take 100% seriously anyone on the internet. So take my advice with a grain of salt and do your own research before investing in any coin.
In short, TRX is in neutral teritory. It has some points going for it and some clear indicators that it is in a downtrend.
I will go through all of them in short, but I want to clarify first that US as traders need to be reactive to every situation. Be at a look out and do not buy TRX now.
Points for TRX:
1)Probably more news coming out tommorow from Justin Sun and Tron Twitter
2)31st Jan listing on 1 possibly 2 new exchanges
3)Low RSI levels on the 1 hour chart
4)Forming a triangle pattern
Points against TRX:
1)The 50 EMA (in orange) has been like a ceiling that TRX cant break through.
2)Low volume due to BTC currection
3)Broke it's mayor trend line
We will inevitably get a continuation to the upside or the downside. I really do not have a solid opinion whether or not TRX will move up or down. A breakdown will drag the price down to around 430 satoshi.(minor support) If that support fails, than 380 satoshi (mayor support)
Good luck and happy trading!
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Donations in BTC:
1xUU83C4eaHy9dTKuFcn86HFkXa8Topb7
Donation in LTC:
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Donations in ETH:
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Thank you for the support! :)
In short, TRX is in neutral teritory. It has some points going for it and some clear indicators that it is in a downtrend.
I will go through all of them in short, but I want to clarify first that US as traders need to be reactive to every situation. Be at a look out and do not buy TRX now.
Points for TRX:
1)Probably more news coming out tommorow from Justin Sun and Tron Twitter
2)31st Jan listing on 1 possibly 2 new exchanges
3)Low RSI levels on the 1 hour chart
4)Forming a triangle pattern
Points against TRX:
1)The 50 EMA (in orange) has been like a ceiling that TRX cant break through.
2)Low volume due to BTC currection
3)Broke it's mayor trend line
We will inevitably get a continuation to the upside or the downside. I really do not have a solid opinion whether or not TRX will move up or down. A breakdown will drag the price down to around 430 satoshi.(minor support) If that support fails, than 380 satoshi (mayor support)
Good luck and happy trading!
Follow me on tradingview if you found this helpfull
Donations in BTC:
1xUU83C4eaHy9dTKuFcn86HFkXa8Topb7
Donation in LTC:
LcSEL5a9ZSX2z2TH6ZzmzGnmSyF7riLeuC
Donations in ETH:
0x39bf470d25a9a9d5171d674b8740653b8db3cb9f
Thank you for the support! :)