TRON is releasing it's testnet in 5 days, 2 hours, and 30 mins. This release should propel TRX to a new high. On this chart I had trouble finding any real resistence levels so I am basing my prediction on the time frame of this release date. The blue line is the last real support level at this high in the trend and I think it will hold as the 4 FIB confluence retracement level is just above this line (4 FIB retracements from the last four bottoms all lined up here). In other words, we should find support between those two lines (.00008-85). A correction of 30% on the FIB retracement also seems appropriate at this level. In addition, our Stochastic Momentum Index tells us we are oversold and we should see a reversal soon. This is a tough prediction so take this with a grain of salt as again, my prediction is heavily influenced by the testnet release date. I do think that an entry at .00008 regardless if it goes up immediately or temporarily moves sideways would be a good spot.
Nota
And we just established a pretty solid three point ascending support line against our horizontal and descending resistence lines.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.