Tron is looking nice after forming a small cup there (bounce NR2 zone).
We are looking for a potential breakout from the neckline zone and a re-test of local upper resistance from where we expect to see some kind of rejection.
Although setup looks good for a while, we are still keeping an eye on it, as we might see a weakening to kick in and a failed attempt to breakout from the neckline zone, which would mean a sideways or downward movement.
Swallow Team
We are looking for a potential breakout from the neckline zone and a re-test of local upper resistance from where we expect to see some kind of rejection.
Although setup looks good for a while, we are still keeping an eye on it, as we might see a weakening to kick in and a failed attempt to breakout from the neckline zone, which would mean a sideways or downward movement.
Swallow Team
Note
Tron is still near that neckline zone, attempting another breakout from that zone there.
We are looking now for a clean breakout, after which we should see a nice movement to the upper zones here.
Note
Tron failed to break and secure the neckline zone from the second bounce area.
As we have had multiple rejections, we are now looking for another scenario here, which is a potential bearish movement here.
We still look for a breakout but if we fail to get it in the next 3 days, then most likely we will see a break in structure movement here!
Note
Tron has made a nice small fakeout move to lower support zone and now is moving back for a potential breakout at neckline zone.
◼️ Price moved +4.04%
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.