Technical analysis TRON. TRX-BTC on July 15, 2018

July 16, 2018

#TRX 1d
TRON is also very oversold for a long time, the indicators demonstrate the possibility of a bounce, on 1 day timeframe we can see the fromation of a downtrend wedge, the pattern that indicates the end of the downtrend and possibility for the ground formation for further growth. DMI shows the strong oscillations of the market; MACD is crossong and can move up taking the price with it; RSI is too oversold and just starting to bounce from its bottom edge; Stock RSI is very bullish, moving up and has enough fuel to go further, which has a positive impact on the growth possibilities on an asset. We can bounce from these levels to the resistances, marked on the chart, which will be the result of a bullish breakout of an upper edge of the wedge, which we can see now. lihapigh

All the articles