TRX - TRXBTC signs of turning bullish.

Tron is gaining traction again! After being dead for almost 2.5 months, TRX is attracting the bulls.

Indicators:
- It broke the red downward trend.
- MACD is turning bullish.
- RSI reached its low and is now showing bulls buying from the weaker hands.
- OBV is showing the upward movement is accompanied with buying volume!

All in all, TRX is looking good. Since I am very bearish concerning BTC, and BTC dictates the entire crypto market
(P&D set aside), one should include a tight stop loss for this trade.


Buy in range
440 -- 470

First Target
500

Second Target
550

When TRX actually starts shooting up, Targets will be adjusted.

Commentaire:

First and Second Targets have been reached! Tron is consolidating nicely and never broke its 0.5 Fibonacci ratio. Based on Elliott wave theory, Tron is expected to have at least a final 5th wave up.

Third Target
650

Trade fermée: cible de profit atteinte:

First Target
500 (Reached)

Second Target
550 (Reached)

Trade fermée: cible de profit atteinte:

Third Target
600 (Reached)

Commentaire:

650*