TRON Hits Demand Zone, Challenging EMA10, Bullish Potential!

19 Jul 2019

TRON (TRXBTC) just hit its long-term demand zone, as you can see from our long term (W) chart below:

This is a potential reversal zone... Feel free to hit like now and let's get started with this analysis...

• The chart is still bearish and TRXBTC is trading below EMA10, but we just hit our demand zone and the weekly chart is forming a bullish candlestick.
  
• We also have weak bullish divergence building up on the MACD and RSI.
  
• MACD bullish crossover.
  

If TRXBTC can break and close above 0.00000250, expect for it to move higher.

If TRXBTC can't break above EMA10, it will most likely go lower and test the lower end of our demand zone at 0.00000215 - 0.00000200.

Regardless if TRX moves up right away, it is trading at low and strong support, perfect spot to buy if you want to profit long-term.

Thanks a lot for reading.

This is Alan Masters.

Namaste.