#Tron Cup&handle breakout

In the daily time frame:
Tron is currently trading above the 20,50, 100 & 200 DMA's
Cup and handle pattern is confirmed, with the handle channel breakout.
Targets for C&H are:
T1:1130 sats
T2:1320sats

In 1H time frame:
In lower time frames also there is a Cup&handle breakout in progress right now, with Targets:
T1:972-975 sats
T2:995-1000 sats

Bình luận:

#tron has retraced around the 50fib level as expected, now if we get a break above Wave 1 high-1011sats then, we can expect a Wave 3( taken as 1.618fib ext of Wave 1)
Wave 3 Target: 1100-1130 sats. which coincides with T1 of C&H breakout in 1D tim-frame.

Bình luận:

#tron didn't managed to break above Wave 1 high at 1011 sats,(Target for C&H in 1H),
since then it has fallen to the 20DMA support: 872 sats.

If we close below this level today, then #trx may find support at 50DMA which coincides with 38.2fib at 780 sats.