Tron 's market action was broken down by 25 and 50 simple moving averages on the daily monitor. There is now a risk that the candlesticks will switch to the breakout of the 50 and 25 SMAs again.
On the mid-term two day map, the Tron priceline has finished bullish Cypher trend and is ready for up to 76 percent bullish rally.
As per the Cypher Fibonacci series, the goals are:
Possible reversal or purchase zone: $0.0244 to $0.0202 (this can also be used as a stop loss)
Projection or sale zone for Fibonacci: $0.0277 to $0.03566
Conclusion:
The priceline also developed a bullish Cypher after breaking down the support and joining the channel again and at this time it is in the possible reversal zone of this trend. Now, either the price priceline will go up from here or it can go further down to bounce from the channel 's support. The help of the channel or the possible reversal zone as a stop loss should be used. Since it's the mid-term fundamental market structure.