Tron (TRX) Doji + MACD Divergence - Bottom Found?

Here we have a Doji, at the bottom of a trend, also found next to a strong support level and with bullish divergence on the MACD and oversold RSI.

"The Doji is an transitional Candlestick formation, signifying equality and/or indecision between bulls and bears. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well."

The 4H chart is also giving out some early reversal signals.

Tron (TRX) might have found bottom.

Note: This is an educational post. Not trading advice.

Thanks a lot for reading.

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Your support is always appreciated.

Namaste.

评论:

Tron is trying to move but it needs more momentum. It needs a push from the market.

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TRX still looking for support.

Look for 508 satoshis next. If this level doesn't hold, look for 440 satoshis after that.

I will update again if that level is also broken.

If these levels hold, then we will look for a reversal signal and open a trade from Tron (TRX) after the signal is confirmed.

Thanks a lot for your amazing support.

Namaste.

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Forgot to mention; Look for 508 if we close below 552 on the daily time frame (today's candle).

If Tron closes above this price, then the chances of it going lower are reduced.