Tron: ⬆️ Buy
– Tron reversed from the support zone
– Likely to rise to resistance level 0.3495
Tron recently reversed from the support zone between the support level 0.3310 (low of wave b from August), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse form July.
This support zone was further strengthened by the upper trendline of the multi-month up channel from March (acting as the support after it was broken).
Given the clear uptrend and the oversold daily Stochastic, Tron can be expected to rise to the next resistance level 0.3495, former monthly high from July.
Source: Fxpro