As almost all the altcoins TRON' hasn't made any significant movements lately. The last push upwards brought us above the 50 and 100 EMA's and 200 EMA is slightly above the current price. TRX' has a great potential to go upwards if it breaks above the trendline which is pulled from June 19.
This trendline has several touches and plays a pretty significant role in further TRON price. If the market and if TRX' finds that power to push through the trendline then there are some levels above us but not so significant and it's easier to climb higher. In the short-term (since Sept. 12) it has made nice higher lows which give us an opportunity to draw the counter trendline and if it holds the price then the chance to break through is pretty high and the target would be around $0.0275 (the green box)
If the market doesn't catch the upward momentum and if TRON makes a breakout downwards from the counter trendline then it would be a bad sign. Because this level has held us pretty consistently and if we break down then it will break that market structure and the bears take control over the bulls! The supports are on the image, marked with red boxes and bulled from important previous support areas!
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코멘트
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Looks like we are trying to make a breakout above the trendline and if it successful (a 4h candle close above the trendline) the trade will be activated!
코멘트
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A perfect breakout scenario: we have a breakout and we have a retest + Bitcoin looks decent. TRX is ready to make another leg upwards!!