buy opportunity for short term investors / mid term investors:
Tron is actually on a strong support level (swing trend line). this could also be consedere as lower limit of the descending triangle, which is a bearish pattern.
It this line won´t be broken it could be a good buy opportunity.
1. resistance and aim is the upper limit of the triangle / falling trend line (red)
2. resistance and aim is the swing trendline at 0.054$
3. resistance and aim is the fib retracement 23,6% (0.084$) upgoing fib
this is also the take-profit zone
I don´t recommend to invest if TRX breaks the support to the bottom. Perhaps we get new signals on the lower level at 0.031$ (swing trendline).
Indicators:
RSI: very weak, nearly oversold - and climbing
ADX: momentum is coming back, DI- declining, DI+ rising (from low level)
Volume: poor
Tron is actually on a strong support level (swing trend line). this could also be consedere as lower limit of the descending triangle, which is a bearish pattern.
It this line won´t be broken it could be a good buy opportunity.
1. resistance and aim is the upper limit of the triangle / falling trend line (red)
2. resistance and aim is the swing trendline at 0.054$
3. resistance and aim is the fib retracement 23,6% (0.084$) upgoing fib
this is also the take-profit zone
I don´t recommend to invest if TRX breaks the support to the bottom. Perhaps we get new signals on the lower level at 0.031$ (swing trendline).
Indicators:
RSI: very weak, nearly oversold - and climbing
ADX: momentum is coming back, DI- declining, DI+ rising (from low level)
Volume: poor