TRX Daily Analysis: Bounce Incoming
On all time frames, TRX/Tron is MORE THAN LIKELY, to see a bounce today; this will see a minimum of 5% gains during the course of the day.
What do the charts show?
- On all time frames, TRX is illustrating that we will see a bullish reversal from 370 sats onwards.
- A move down to 371 without going below it would indicate that is the local bottom before bouncing to retest the previous resistance at 399 Sats.
- Volume has been decreasing hour on hour, Nouvive Intelligence finds that this coincides with an ultra volatile move.
- There are some volume gaps to be filled including one at 386 Sats.
- Market Sentiment has been increasing day on day with more traders/investors entering into TRX positions.
- A break from the trendline and inability to catch and go below 369 Sats would indicate that we will see 356 Sats retested.
Nouvive Says: If you are lucky enough to enter between 370/371 sats, that will be the bottom, however any position up till 380 with a stop loss from 399 Sats would provide you at the minimum 5% gains.
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