TRON (TRXBTC) Breaks All Resistance (100%+ PP)

٢٢ ديسمبر ٢٠١٨

TRON (TRXBTC) has broken all resistance as we were expecting based on our previous review (see it here

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On the right hand side, the daily time frame chart, you can see that TRXBTC broke above MA200 (black) and EMA300 (gray) with massive strength; good volume and momentum.

This is a very strong signal and is indicative that additional bullish action will come for TRON, that's because MA200 and EMA300 are very strong resistance to break...

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Here you can find our TRXBTC long term trade:

Now, let me take you to the left chart, the weekly time frame.

Here you can see the strong break above EMA50 (magenta - 440 satoshis), which is a very important resistance to break in order to get out of a downtrend.

Now we clearly have an uptrend; higher highs and higher lows.

The RSI is bullish and the MACD is curving up with the histogram favoring the bulls.

You can find all targets on chart.

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Namaste.

٢٢ ديسمبر ٢٠١٨

ملاحظة

This situation here with these two candles looks really bullish to me:

The bounce was massive after the retrace, and longer term time frames confirm that additional bullish action is very likely for TRX.