Tron seems to have bottomed short term and the general trend short term is up. We see from Fibonacci levels derived from the latest run up from 4-4 that once the .618 (denoted by the shaded rectangle); which held as a strong support broke, that we descended a lot. Recently though price has broken a few trend lines represented in green and seems to be finding support per price stability, bullish MACD crossover, and clear bullish RSI divergence represented by two yellow lines- 1 for price which is slightly down while that for RSI is up. The first hurdle to clear will be the 0.786 which served as perfect resistance, highlighted by the red circle. Lets see what the next couple weeks bring.
Komentar:
If the yellow trendline in the graph extended further we would probably be at it now (7/29) if it breaks the next line of resistance would be the 0.786 Fibonacci level of 0.0437