MagicPoopCannon

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

BINANCE:TRXBTC   TRON / Bitcoin
Hi friends! Welcome to this analysis of Tron! Let's jump right in. If you recall from my last post, I highlighted Tron's repeated failed attempts to rally above the 50 EMA (in orange,) and I told you that Tron would likely head lower. As you can see, Tron has done exactly that, with a sustained breakdown below the red trendline . Taking a closer look, we can see how reactionary that level has been. Tron has been stopped dead in it's tracks, several times, trying to open and close candles above it. Price action is now moving lower, to test the first target that I gave in my last post, of 626. A dip below there, will likely send TRX/BTC             to the 200 EMA (in purple,) around 560. Volume is horrendously low, indicating that traders are losing interest in Tron at these levels. On the upside, the bulls need to get Tron back above the overhead (resistance,) the 50 EMA , and post a high above 862 to form a higher high. In the short-term, the bears have a slight edge over the bulls, and they may continue to slowly grind this thing lower.

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, like, comment, and share on social media. Good luck trading everyone!

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

-JD-
update lol
Balas
shit
Balas
@MagicPoopCannon can we get an update on this, please.
+1 Balas
Poop Splatter, it's time to buy this one up. Hope you're having a good weekend!
+1 Balas
@LARC, lol thanks LARC! I hope you are too friend! You always make me laugh. Haha
Balas
TRX was scam to me just like xp,never invest in
+1 Balas
Aegonizer afreet77
@afreet77, scam how?
+6 Balas
afreet77 Aegonizer
@SeannMacDougall, I read the technical idea,either i like it or not,personal feeling ,that's it and i avoid MULTI BILLION tokens,and in general i invest in coins ,not tokes,again,its my personal opinion
Balas
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