Hi friends! Let's take a look at Tron! Or as I called it in my last post "The Bishop Don Juan Magic Tron!" LOl Ok, let's get into it. If you recall from my last post, I told you that because of the many failures to get above the 50 EMA (in orange,) Tron was likely going to head lower, to test the red support level. Looking at the chart, we can see that it has done exactly that. Currently, TRX/BTC is actually breaking below the support level, and if it doesn't get back above, prices should be heading lower. Initial support should be found at the 78.6% retracement level, and a break below there, would send us down to test the 200 EMA (in purple.) In order to revive the bullish trend, Tron needs to get back above the 50 EMA, and start making higher highs. Given the weak volume and momentum, TRX/BTC could just continue to drift sideways to lower. I will keep you posted friends! This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place. Please follow, like, comment, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
OK, Now ow are we do? Buy or Sell? Please recommend us clearly?
Williebeamin
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@MasoudIniesta, he isnt recommending either, he just said it could b moving sideways or slightly lower, seeing as how tron already had a huge rise this correction is necessary i bought in at 3 cents, bought more when it dipped back to 10, going to buy more now....moral of the story is buy when its low, now....later, and later again.
MasoudIniesta
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@Williebeamin, what???? you know TRX price 0.00000620 now????? Are you thinking?
@MasoudIniesta, are u thinking my friend? pick what kind of crypto guy u are either day trader or holder if ur holding nows a good time to buy more, if your day trading your probably gonna trade at a loss right now so y not wait till it goes back up?