MagicPoopCannon

TRON Breaks Support! (TRX/BTC)

BINANCE:TRXBTC   TRX/BTC
Hi friends! Let's take a look at Tron! Or as I called it in my last post "The Bishop Don Juan Magic Tron!" LOl Ok, let's get into it. If you recall from my last post, I told you that because of the many failures to get above the 50 EMA (in orange,) Tron             was likely going to head lower, to test the red support level . Looking at the chart, we can see that it has done exactly that. Currently, TRX/BTC             is actually breaking below the support level , and if it doesn't get back above, prices should be heading lower. Initial support should be found at the 78.6% retracement level, and a break below there, would send us down to test the 200 EMA (in purple.) In order to revive the bullish trend , Tron             needs to get back above the 50 EMA , and start making higher highs. Given the weak volume and momentum, TRX/BTC             could just continue to drift sideways to lower. I will keep you posted friends! 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-
OK, Now ow are we do? Buy or Sell? Please recommend us clearly?
Balas
Williebeamin MasoudIniesta
@MasoudIniesta, he isnt recommending either, he just said it could b moving sideways or slightly lower, seeing as how tron already had a huge rise this correction is necessary i bought in at 3 cents, bought more when it dipped back to 10, going to buy more now....moral of the story is buy when its low, now....later, and later again.
Balas
MasoudIniesta Williebeamin
@Williebeamin, what???? you know TRX price 0.00000620 now????? Are you thinking?
Balas
vannytranbtc MasoudIniesta
@MasoudIniesta, what so its not a good time to buy?
Balas
Williebeamin MasoudIniesta
@MasoudIniesta, are u thinking my friend? pick what kind of crypto guy u are either day trader or holder if ur holding nows a good time to buy more, if your day trading your probably gonna trade at a loss right now so y not wait till it goes back up?
Balas
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