5 Bands show 5 signals. the lines are simply to show the bands. Band5 at top is slowest reacting, Band1 is quickest. See band current color, if green then bullish. Use one, some, or all bands. Use Strategy tester tab and script inputs to see signal's effectiveness. Disclaimer:Not trading advice.For education only.
The bulls have been attempting to put a bottom in place for the past few months. The TRX/USD pair consolidated between $0.0183 and $0.0281551 for about three months, before breaking down on Nov. 19. An attempt to climb back into the range failed and the bears are attempting to extend the downtrend. The breakdown gives it a pattern target of $0.00844479. If the decline doesn’t stall at this level, then the next support is at $0.00554133. However, if the bulls defend $0.01089965 and push the price back above $0.0183, the digital currency will indicate a probable trend change. Until then, every pullback will be met with a wave of selling, hence, it is better to wait and watch.
Great news going from TRX side for its community. Not so long time ago TRON made it to the top 10 cryptocurrencies by market cap. Moreover, its founder Justin Sun is quite open about reporting the positive fundamental developments attached to the foundation. Recently, it was announced 2.53 MM Txs are made per day and 32,284 daily increase address. That means that another milestone was achieved by the Tron foundation. Currently, we can find TRX in the green zone and TRX/USD was seen nursing losses of some 3,47%. Trading at $0,013174 USD . So we can expect positive range of TRX price during the upcoming 24 hours. I predict the price to raise and trade in the range of $0,015-0,02. !WARNING! The current post is not the promise, but personal opinion. You trade on your own risk.