TRON Finds Support, Falling Wedge + Reaching Breakout (48% PP)

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TRON (TRXBTC) is finally sitting on support after a month and a half long retrace.

Right now, TRXBTC is sitting at the 0.786 Fib. retracement level with the MACD and RSI both going flat and starting to curve up.

We also have a falling wedge pattern (in purple) which is bullish in nature.

So TRXBTC is almost reaching its breakout point.

TRON's price can still go lower before moving up.

If the 0.786 Fib. level breaks, you can expect for TRX to find support at EMA200 (orange).

On the case of additional falling, there is a big chance of a bounce soon as the entire altcoins market is moving green and bullish.

Keep an eye out for TRXBTC, as it might move next.

You agree with the signals and analysis above?

Feel free to hit like and leave a comment to show your support.

Namaste.

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تعليق

Weekly chart: