According to the 'Weekly' chart of Tron (TRX), using the TD-Sequential system, we are on a red '9' of '9', which means a correction or reversal is more than likely about to occur after the closing this current '9' candle.
With the launch of Tron's Mainnet, its my belief that a bull-run is around the corner.
I'm not a financial advisor, but I'm long on Tron.
Good luck if you enter this trade!
With the launch of Tron's Mainnet, its my belief that a bull-run is around the corner.
I'm not a financial advisor, but I'm long on Tron.
Good luck if you enter this trade!
I believe the blue line with the arrow will act as a support line for TRX. I'm also using a 100-day SMA (Simple Moving Average)
WEEKLY CHART:
Now let's take a look at the daily chart below: As you can see, we had a very bullish-run in late March and the month of April. We've now been in a declining, bearish market since the beginning of June.
We really can't tell much from looking at the 'daily' chart; However, we are on a green '2' of '9' candle. One more thing to note about this daily chart is the 20-day SMA has been a great Support and Resistance line in the past.
DAILY CHART: