MagicPoopCannon

The Bishop Don Juan Magic TRON!!! (TRX/BTC) =D

BINANCE:TRXBTC   TRON / Bitcoin
Hi friends! Welcome to this analysis on Tron! Let's jump right in! Looking at the four hour TRX/BTC             chart, we can immediately see how important the 50 EMA (in orange) has been for Tron. After the rally to the all time high, we can see that Tron corrected below the 61.8% retracement level, to an area just above the 50 EMA , on three different occasions (held.) Shortly after the third hold, we can see that price action pushed below the 50 EMA , and began defining it as overhead resistance (fail.) As you can see, there have been four failed attempts to break above the 50 EMA . We will have to pay close attention to the 50 EMA going forward, to see how Tron reacts. Tron is currently testing the recent (Support) level, as it consolidates in a mostly sideways trading range. A break below the red support level , will likely send Tron down to the 78.6% retrace, around 625. Below that, it will likely fall to the 200 EMA (in purple,) around 550. The bulls need to get back above the 50 EMA , and begin forming higher highs (above 950,) for a bullish reversal to be confirmed. This has been your friendly market legend — MPC! Please follow, comment, like, and share on social media.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-
lol
+2 回覆
Finally a true TA. This is the most realistic expectation for traders. Every Trader on Trading View for TRX rn using solely 'bull flags'.
+2 回覆
MagicPoopCannon ZacharyNickerson
@ZacharyNickerson, I'm glad you've enjoyed my analysis! Stick with me, my friend. I will be your guiding light. =D
回覆
LEts break that orange line!
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出