#tron below 750 sats support: Bullish & Bearish view for $trxbtc
Tron has broken below strong support region: 750-800 and the triangle's support at 750.
Previous post on tron (2 June): "50DMA at 809 if tron closes below 809, then it may fall to 650 region in upcoming weeks"
We are seeing XYZ correction from tron with ABC waves in X:
Minor B retraced till 50fib of Minor A
Minor C was 0.618 fib ext of Minor A
X wave was a 38.2fib retrace of W
Y wave is expected to be around the 0.618 fib extension of W, i.e around the 50fib-61.8fib region: 650-680
Bullish view if we break above 20DMA support.
In 1D time frame: Tron has given many bearish signals, since crossing below 20DMA:
Previous post on tron (2 June): "50DMA at 809 if tron closes below 809, then it may fall to 650 region in upcoming weeks"
We are seeing XYZ correction from tron with ABC waves in X:
Minor B retraced till 50fib of Minor A
Minor C was 0.618 fib ext of Minor A
X wave was a 38.2fib retrace of W
Y wave is expected to be around the 0.618 fib extension of W, i.e around the 50fib-61.8fib region: 650-680
Bullish view if we break above 20DMA support.
In 1D time frame: Tron has given many bearish signals, since crossing below 20DMA:
コメント:
#tron is up +20% facing resistance at the 20DMA level: 728. Short term relief rally after dropping till the weekly 20MA support and 61.8fib: 610
Facing resistance at the 20DMA: 730, needs to break this lvl with conviction first, to test upper level resistances around 760,790 and 810.
Broken lvl needs to hold as support during retracements, else a fall to below 600 support lvls can be expected during this week.
Facing resistance at the 20DMA: 730, needs to break this lvl with conviction first, to test upper level resistances around 760,790 and 810.
Broken lvl needs to hold as support during retracements, else a fall to below 600 support lvls can be expected during this week.
コメント:
#tron didn't managed to sustain above 20DMA level for long,
Currently range bound bw 20 & 100 DMA lvls.
If #trx breaks below 695 lvl with confirmation then retest of recent lows can be expected.
Below 600 next major support arnd 450.
Currently range bound bw 20 & 100 DMA lvls.
If #trx breaks below 695 lvl with confirmation then retest of recent lows can be expected.
Below 600 next major support arnd 450.
The 600-650 region was once strong resistance for #trxbtc before it broke above on 23 May.
Weekly 20MA is currently at 620. We can expect retracements from this region.