Tron in a Pennant Breakout Pattern.

2 thg 5, 2018

Hey, I am back with another Technical analysis this time looking again at TRX.

Last time there was a Ascending triangle that soonly have seen a breakout few hours after publishing that Analysis.
Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump.

That was in short about Tron.

Taking look at the chart.

There is a Pennat breakout Pattern that has formed.

Taking look at Indicators.

MACD looks good, sellers are slowly leaving, buyers incoming, about to give signal to buy.
RSI is crossing 50 level to be bullish .
Stoch shows bullish divergence

I think thats about it.

Hope I made your view on whats going on with Tron somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !

If this gets a little bit of attention, I will update!

2 thg 5, 2018

Ghi chú

two options right now, perfect buy or worst buy. Why? If tron drops few % he may form descending triangle which could lead to breakdown. RSI needs to bounce.

3 thg 5, 2018

Ghi chú

Yup, triangle doesnt have to lead to a breakout, it sometimes leads even to a breakdown, If support doesnt hold, can fall even lower as a healthy correction.