As you can see in the chart, a reversal breakout is imminent given the data shown. The current channel resistance is being tested as we speak and most indicators are showing bullish, positive signs of a recovery. In the unlikely case of a negative breakout, the bear signal will only be confirmed if the support at .00000385 is broken considerably. You can also see that I've gone ahead and marked the ABC Elliot Wave correction wave points. I only did this after I counted the impulses going up and corroborated it with EWO_LB indicator used at the bottom of the chart.
TARGETS
• TARGET #1: .00000617
• TARGET #2: .00000763
INDICATORS (some not shown)
• RSI: 49.99 - SHOWING BULLISH MOMENTUM
• VOLUME ENVELOPE: SHOWING BULLISH MOMENTUM.
• STOCHASTIC FAST (14,3,1) : 40.506
• AVERAGE DIRECTIONAL INDEX (14): 23.10
• WILLIAMS PERCENT RANGE (14): -59.49
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
ABOUT TRON
TRON is a blockchain-based, open-source protocol for the global digital entertainment industry. TRON supports various kinds of blockchain networks and smart contract systems, including bitcoin, Ethereum, EOS, Qtum, and other public blockchain smart contracts, provides developers with multiprotocol infrastructure for entertainment app development, and allows users to enjoy smooth multiprotocol smart networks.
WHITEPAPER: o836fhe91.qnssl.com/...ronWhitepaper_en.pdf
TARGETS
• TARGET #1: .00000617
• TARGET #2: .00000763
INDICATORS (some not shown)
• RSI: 49.99 - SHOWING BULLISH MOMENTUM
• VOLUME ENVELOPE: SHOWING BULLISH MOMENTUM.
• STOCHASTIC FAST (14,3,1) : 40.506
• AVERAGE DIRECTIONAL INDEX (14): 23.10
• WILLIAMS PERCENT RANGE (14): -59.49
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
ABOUT TRON
TRON is a blockchain-based, open-source protocol for the global digital entertainment industry. TRON supports various kinds of blockchain networks and smart contract systems, including bitcoin, Ethereum, EOS, Qtum, and other public blockchain smart contracts, provides developers with multiprotocol infrastructure for entertainment app development, and allows users to enjoy smooth multiprotocol smart networks.
WHITEPAPER: o836fhe91.qnssl.com/...ronWhitepaper_en.pdf