Tron (TRX) has left the neural trend channel to the top and rose to a new high at 0.102$ - a gain of 136% in only 13 days.
the fib retracement 23.6% (78.6% of down fib retrace) stopped the rush and is actually the resistance-line.
Perhaps Tron will do the correction as other coins do aswell? In this case it could fall back into the trend channel and lose the whole benefits of the past days.
To stop the fall Tron would have to break the resistance at 0,08$ and the upper limit of the negative trend channel.
Another support level is the swing trend line at 0,069$. I think it´ll fall at least on this support.
The indicators are becoming negative. The sentiment of the market is negative.
So, if I were invested I would take some profits now.
the fib retracement 23.6% (78.6% of down fib retrace) stopped the rush and is actually the resistance-line.
Perhaps Tron will do the correction as other coins do aswell? In this case it could fall back into the trend channel and lose the whole benefits of the past days.
To stop the fall Tron would have to break the resistance at 0,08$ and the upper limit of the negative trend channel.
Another support level is the swing trend line at 0,069$. I think it´ll fall at least on this support.
The indicators are becoming negative. The sentiment of the market is negative.
So, if I were invested I would take some profits now.
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