Tron TRX Update 4/26/2018

Technical Analysis:

Here is the current condition on Tron TRX/BTC - Bullish Scenario - Primary Hypothesis

• Another Ascending Triangle has formed
• It is consolidating and forming an ascending triangle 
  • A symmetrical triangle could also be drawn and still be a valid pattern
  • Both scenarios point to a probable move to the upside
  • A pattern of higher lows has formed and will need to be maintained in order for breakout to happen
• A strong green candle closing above 800 satoshi will indicate a breakout (candle not a wick)
• A break above 830 could signal a very strong spike in price as historical evidence has shown
  • Not much resistance above 830 satoshi
  • Some resistance at 1000-1200 satoshi, but it should not be a difficult barrier to cross
• RSI is still bullish and neither oversold or overbought 

Alternate pathway: Bearish Short-Term Scenario - Secondary Hypothesis

• IF it breaks down out of the triangle, it could signal a correction down to 680-700 satoshi

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LEGAL DISCLAIMER:  

I am not a financial advisor,  nor is this intended to be     financial advise. I  encourage you to  do your own research   considering  this blog is  a way for me to  document my own  personal   analysis,  charts, trading decisions, and  experiences.