First of all, this is not the signal! We need to get some confirmations if we want to see a bounce from the current area!
At the moment, TRON' is on the strong area which was a support before we started some 'rally' upwards at the end of the August and currently it completing a Chypher pattern on this price level which matching exactly with our support! Also, we have here a decent round number level $0.019.
To confirm the bounce we have to get a close above the $0.019 and then we have almost free "road" to go until to the $0.022! In this area, TRX' have some previous month lows and Fibonacci retracement levels 38%-50% (pulled from 28.08 to today!
So, the platform is a pretty nice but we need an extra confirmation from the round number breakout. Currently, it works as a resistance but we have to get a close above this to confirm our pattern bullishness!
Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis! Please, don't forget to hit the LIKE button to support us! Best regards!
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