Hello people,
As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance.
We can see the picture more clearly on the daily time chart:
Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last higher high TRON managed to break on a smaller timeframe. If the bulls manage to hold these prices we can soon expect another attempt towards higher high on daily. This scenario would be very bullish.
On TRX/BTC chart TRON looks very good:
It broke massively from the iH&S structure and is now retesting the neckline. If the bulls manage to hold that support line we can expect a huge move to the upside:
Be patient and trade safely.
As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance.
We can see the picture more clearly on the daily time chart:
Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last higher high TRON managed to break on a smaller timeframe. If the bulls manage to hold these prices we can soon expect another attempt towards higher high on daily. This scenario would be very bullish.
On TRX/BTC chart TRON looks very good:
It broke massively from the iH&S structure and is now retesting the neckline. If the bulls manage to hold that support line we can expect a huge move to the upside:
Be patient and trade safely.