Weekly TRX Price Analysis || 10% To @tron-fan-club
Good day to you all. And Hello. Today I'm back with another weekly price chart breakdown. Today again we talk about TRX. We have had a recovering market. But TRX hasn't taken that much hype from that but gaining and losing ahead of the market. Something I really don't know how to react to. nonetheless here goes my usual breakdown.
By now all of you have noticed that the whole market has been enjoying a slight bump in value. About 4 days ago a pump took place especially in Bitcoin, and as most of the altcoins follow Bitcoin's price movements, they have all increased in value too. It has also happened with TRX. But the only difference is that it started before the market got better, and also looks to be falling before the market could get worse. Nevertheless, 7days ago TRX was sitting at 0.061$. And from this very point it all started going upwards for TRX. A consistent uptrend was seen throughout the next three or so days. Prices almost peaked at 0.0639$. Which was a good thing in itself.
After that TRX took a little dip. Nothing to be worried about. The dip lasted for only a day and levelled out at 0.0627$. Soon after, the prices started increasing again. For two days consecutively. This time TRX recorded a higher gain, highest of the week, at 0.0646$. If you consider where TRX started from, versus where it was at that period, it is a huge gain.
But good things were never meant to last. That gain got dusted within a single day. And this dip even surpassed the previous low. So a reversal is in order. As we can see in the chart below, the price stopped decreasing 0.0624$. Which is less than the previous low. But not entirely. The only upside is that towards the very end of the graph, a few green bars are visible. Let's hope those bars continue. After all, we all want TRX to succeed.
All Screenshots are taken from Coingecko
Regardless of the market, TRX is continuously volatile. This time it isn't following the BTC price movements like last week. If the trend continues regardless of the latest little dip, then we can finally expect improvement. But very little. That was my thought about last week's TRX price movements. I hope you all like it.
https://twitter.com/Arsalaan00070/status/1587162799846744064
You have shared technical analysis on trx. We wish next time we will get more post from you about technical analysis of coin.
Thank you for the words and appreciation. I will definitely try to continue this in future.