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TRXUSDT Is Heading Towards The Bullish Trend In 2020 After Approaching Its Nearest Support Level

TRXUSDT Is Heading Towards The Bullish Trend In 2020 After Approaching Its Nearest Support Level

TRXUSDT: The price of TetherUS TRON continues to climb since early January 2020. The highest price in 2020 is 0.01824. It appears that TRXUSDT prices will continue to rise to the level of the price range (0.02367 – 0.02515).

According to the current situation TRXUSDT is currently in progress of retracement (timeframe H4, intraday). This opens up the opportunity to buy and collect TRON at the nearest support level (0.01527 – 0.01499).

Technically TRXUSDT has performed a price breakout on a bearish trend on Oct 27, 2019 (Timeframe D1). This tells us that TRXUSDT will be more likely on an upward trend. Looking at December 18, 2019, TRXUSDT’s price dropped to 0.01204, creating a Double Bottom Pattern known as the Reversal Pattern.

TRXUSDT’s price rose significantly (43.74%) from early 2020 to January 15. The underlying retracement still does not reach the 50% Fibonacci level, which we believe TRXUSDT should fall below the 50% level at least to the levels of (0.01527 – 0.01499). However, the environmental price range from (0.01527 – 0.01120) is the best price to buy.

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Risk Warning: Cryptocurrency investing is a high risk market. All of the analyzes provided are for the purpose of sharing only opinions, not necessarily all analyzes. Techcryption will not be liable for any direct, indirect or consequential losses arising from trade competition. Please invest carefully.

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