We can see slow movement and low volatility in TRX.
This acumulation phase lasts for a month now. Volumes are pretty low which indicate not much pressure to sell.
It is holding its price well vs btc.
MACD has a huge wave waiting to be justified by the bulls.
RSI got the opportunity to get to a low level while still holding price above 500 satoshi.
100ema is now the crucial support.
If btc doesn't make fancy moves or Tron doesn't implement some new fancy features to attract new investors, I don't think we will see any crazy spikes till late August. But till then, many things can happen and change.
If trx bounces from the 100ema, it's a good time to buy. If it falls below, anywhere around 500 sats is a good buy.
This acumulation phase lasts for a month now. Volumes are pretty low which indicate not much pressure to sell.
It is holding its price well vs btc.
MACD has a huge wave waiting to be justified by the bulls.
RSI got the opportunity to get to a low level while still holding price above 500 satoshi.
100ema is now the crucial support.
If btc doesn't make fancy moves or Tron doesn't implement some new fancy features to attract new investors, I don't think we will see any crazy spikes till late August. But till then, many things can happen and change.
If trx bounces from the 100ema, it's a good time to buy. If it falls below, anywhere around 500 sats is a good buy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.