TRON (TRX/USD) Completing a Pattern On The Strong Area!
First of all, this is not the signal! We need to get some confirmations if we want to see a bounce from the current area!
At the moment, TRON' is on the strong area which was a support before we started some 'rally' upwards at the end of the August
and currently it completing a Chypher pattern on this price level which matching exactly with our support! Also, we have here a decent round number level $0.019.
To confirm the bounce we have to get a close above the $0.019 and then we have almost free "road" to go until to the $0.022! In this area, TRX' have some previous month lows and Fibonacci retracement levels 38%-50% (pulled from 28.08 to today!
So, the platform is a pretty nice but we need an extra confirmation from the round number breakout. Currently, it works as a resistance but we have to get a close above this to confirm our pattern bullishness!
Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis!
Please, don't forget to hit the LIKE button to support us!
Best regards!
At the moment, TRON' is on the strong area which was a support before we started some 'rally' upwards at the end of the August
and currently it completing a Chypher pattern on this price level which matching exactly with our support! Also, we have here a decent round number level $0.019.
To confirm the bounce we have to get a close above the $0.019 and then we have almost free "road" to go until to the $0.022! In this area, TRX' have some previous month lows and Fibonacci retracement levels 38%-50% (pulled from 28.08 to today!
So, the platform is a pretty nice but we need an extra confirmation from the round number breakout. Currently, it works as a resistance but we have to get a close above this to confirm our pattern bullishness!
Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis!
Please, don't forget to hit the LIKE button to support us!
Best regards!
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