Is TRX warming up for a rally?

2020年10月14日

Tron has been trading within a Channel Up since the March bottom and has just printed a Bullish Cross on the LMACD of the 1D chart. Every time that happens, a respectable rise follows.

I am interested particularly on the December 2019 LMACD Bullish Cross. As you see the price action that preceded the Bullish Cross has fair similarities with the price action since August 11. Towards the end of that (2019) fractal, TRXUSD was trading below the 1D MA50 following an MA20/50 Death Cross. Currently it has again formed that same Death Cross and is trading below the 1D MA50.

Will a break above its 1D MA50 kick-start an aggressive rally as it did in early 2020?


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