Tron at Potential Support and Declining with Low Volume

TRXBTC

As you can see on the chart, Tron has been declining with lower volume, lower than its past current rise, and declining as price gets lower. And it is currently sitting at the 20-day moving average. And that is after like a 65% decline from it’s high. In term of USD-dollars it has decline about 76%.

Looking at its declining volume and the potential price support that it is at, it seems like a great opportunity for an investor who is willing to wait a couple of weeks or months on it. I will be expecting it to break to new all-time highs above 0.00002 BTC, which is about 3 to 1 its current price, and maybe a lot more. It could still decline a little bit more in the short term, but mid-term should be fine.

Will see, getting in now at about 0.000007 BTC.

Good Luck to You

評論:

It is holding support near the 50 day moving average and the 78.6% fibonacci retracement.