1 TRX = $0.07 USD -- When Does Bull Time Come?

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(Chart by TradingView)

Until mid-May, the Tron alligator seemed to fall asleep between support at $0.1 and resistance at $0.17. After that, it then moved downward hunting for prey until it was stuck at support at $0.07.

Meanwhile, the MACD (Moving Average Convergence and Divergence) oscillator is showing a bullish movement. This shows that many investors are buying this asset and few are selling. Thus, the price is expected to rise if the bulls continue.

And the Stochastic RSI (Relative Strength Index) oscillator is now at neutral territory and moving toward overbought territory. This means that the buying trend among investors seems to be starting to pick up. Thus, the price is expected to rise if more and more people buy.

On the lower chart, we can see that the bitcoin price is still going lower. While the price of bitcoin is usually always followed by the prices of other altcoins.

Now the alligator's mouth is still open downward, but it looks like it's about to start closing. Will it continue to go down in search of food, or is it really full and about to fall asleep?

Let's follow the movement of our Tron alligator.

See also:

Comments 3

I hope the uptrend too my friend

[WhereIn Android] (http://www.wherein.io)

17.06.2021 15:31

This post has received a 51.52 % upvote from @boomerang.

17.06.2021 15:35