TRX: Get Ready for Breakout
- Justin Sun released early that they burned $800 Million worth of tokens
- The Short to Medium outlook over the overall market makes TRX bullish
- Breaking out of accumulations on the Higher time frames.
BREAKING. FOR IMMEDIATE TRADE AND INFORMED DECISION
What does the Technical Analysis say?
- The Higher time frequencies of 1D illustrate that TRX or TRON is oversold.
- The RSI Stochastic has crossed over illustrating a bullish reversal perhaps to retest the $0.032
- Decreasing volume on the higher time frames illustrate that a big move will occur shortly.
- TRON is currently in the accumulation period, it is viewed by Nouvive Research that TRON will breakout within the next 4 Days.
- Three little soldiers (Price action) can be seen, especially if TRON surpasses $0.0228 – meaning it has passed the first resistance.
- There are a lot of price gaps that need to be filled especially at the second resistance area of $0.03.
- The 200MA line is historically where a breakout will stop short, therefore this is $0.032.
Nouvive Research has calculated the past 90D market sentiment of TROn. Deeming it increasing from Neutral to Rising Bull sentiment.
They have also mentioned that TRON has one of the largest communities in the Crypto-Asset Community.
Nouvive sees a trade from $0.0217 for those wanting to FOMO in with a take profit at $0.031 representing a 40% move.
Nouvive sees a slow trade of dollar cost averaging from $0.02 with a take profit of $0.032 representing a 61% move.
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