Tron shows a very important trade chance
Something VERY interesting is happening with Tron. We have an extremely important support level that is about to test again. It has bounced off this three times already since the 15th, and I would expect this to happen again. This descending triangle is quite large and indicates a significant breakout is coming very soon. Although, I would like to see the support level hold, and the triangle's descending resistance level strongly broken first before I would believe anything bullish is going to take place. If this comes to pass, the bullish break out would be no higher than ~596 sats, taking place in the first few days of March.
As you can see here, the moment of truth is basically right now...
This could very well be an extremely profitable trade to take, but be sure that support levels are holding.
Please comment, upvote and resteem!
Remember, This isn't trading advice, I am being just being helpful.
I expect some real moves from this one. Might even be 50-80% in the coming week.
50 to 80% is a possibility, although I am only forecasting what the pattern suggests.
The break out has begun!
Breaks the wedge and shoots up 15%. Consolidation taking place and we should continue right on up some more!
Ascending wedge forcasts some consolidation coming before we continue with completion of the larger formation. This is 15 min chart.
The moment draws so close!
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Excellent post patiently waiting now :) TRX Guzaaaaa!