BREAKING. FOR IMMEDIATE RELEASE
TRX appears to be getting ready for a 15% move over the next 3 days.
What does the Technical Analysis suggest?
- The entire market is currently receiving positive price action and momentum – therefore all the coins are currently or will currently breakout shortly.
- TRX has increased buy-side support especially on the higher time frames.
- Nouvive Research has found that TRX/TRON have one of the highest market sentiment in the Crypto community.
- On the higher time frames, the OBV has spiked up – illustrating that accumulation is increasing.
- This points Nouvive to the mere fact that this trade is currently not a clouded traded and therefore entering now would be wise.
- There is a volume gap between $0.026-27 – meaning this needs to be filled.
- The first resistance is $0.0287 with the second resistance is $0.029 – Nouvive believes that both resistances will be broken within the next three days.
- All the moving averages are about to cross-over historically this is an indication of over a 10% pump – potentially seeing the third resistance
- RSI Stochastic illustrates that TRX is oversold and therefore a dump could happen.
- TRON has already shot up 7% – it may need to cool off – this is doubtful
Nouvive sees a trade from current levels to $0.029.
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