Crypto Chart Review BTC/TRX
Peace
Greetings to you dear readers. The price of the token presented below on the weekly chart is going to be reviewed in a short description of trends. It is important to never invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I recommend you to conduct thorough research on the crypto you are targetting before any action in this volatile market.
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The price on the weekly chart describes the evolution of Tron token against BTC on candles representing the distribution of the prices. The TRX prices are moving sideways and are located as I am writing this article around 178 Satoshi. The red lines between that range of prices represent resistance lines which indicate the token ceiling and floor value with a time period on the market. The resistance line has been crossed many months ago. It appears that the TRX value is going to be confirmed by the end of the next week. However, the community is preparing to potential token dive for several days recording the lowest values compared to the first quarter of 2021. The moving average showed this reduction of TRX value but hasn't confirmed this trend for the coming weeks. I expect the market traders will react and prove me wrong otherwise, hold your bag of Tron as the prices dive.
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