Very simple and precise analysis of one of the greatest crypto currency ever, TRON #trx.
- Price Action
#Tron is right now at a very very critical level, trapped in a symmetrical triangle from past 917 days or 2.5 years!! Now its going to do a breakout or breakdown soon in the upcoming week. Now there are 2 situations :
Breakout : If this happens then we could expect a minimum +140% pump from the current price in the next few weeks (if the pattern goes well).
Breakdown : If this happens although it currently seems very hard to happen but at the end of the day it's a market. Anyways, we can expect a HUGE DUMP from here which possible could touch -80% from the current price. Patter should be valid for such a happening.
- Indicators
Taking the indication of the most widely used indicators RSI and MACD.
Below 50%, which is still a bearish condition. This week candle would be very crucial for both price action side and indicators one.
This is also below Zero line (bearish condition).
Is having a bullish crossover (bullish condition) but its getting weak and bearish crossover could happen if price dumps this week.
Momentum is in bullish zone.
Increase engagement and activity to get support.
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Hopefully it increase soon
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yea, please do vote if you found it helpful <3
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Yes we think so, thanka for analysist about it
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Hello @sanjamkapoor. Welcome to Tron Fan Club. Please read all the rules and regulations before posting in the community. Thank you.
Post Link: https://steemit.com/hive-183397/@engrsayful/tron-fan-club-community-rules-and-important-posts-together-in-one-place
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Hello dearest friend
Thank you very much for giving such an informative post.
I enjoyed going through your post and I hope to read more of your interesting post.
#steem-on 💙
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