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<\/a><\/p>\nTrend and Candlestick Formation: Bullish, Bull Breakout<\/h4>\n
TRX is literally outperforming other assets and we expect more news in the ongoing NiTron summit. Because of Jan 7-8 break and close above Dec 2018 highs at 2.5 cents, TRX is trading against the USD in a bull breakout pattern with matching trade volumes.<\/p>\n
Besides, the fact that Jan 10 bull bars didn\u2019t reverse Jan 7-8 gains hints of demand in lower time frames and that\u2019s why we suggest both sets of traders to buy on dips as they initiate trade positions as laid out in our previous trade plans.<\/p>\n
Volumes: Bullish, increasing<\/h4>\n
Ideally, we would like transaction volumes towards 4 cents to increase above Jan 10\u2019s of 95 million versus 26 million. But there are developments especially from an effort versus result perspective. Notice that aside from Jan 14 bull bar\u201450 million versus 35 million, the last four bars volumes are below average\u2014less than trending averages of 35 million.<\/p>\n
Therefore, it would be safe to initiate trades once prices rally above Jan 14 highs of 2.6 cents. Nevertheless, it\u2019s a breakout pattern and buying on dips with a safety net at Jan 14 lows of 2.1 cents should be safe.<\/p>\n
All charts courtesy of Trading View.<\/em><\/strong><\/p>\nThis is not Investment Advice. Do your Research<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Latest Tron News The stage is set for NiTron Summit in progress at the Yerba Buena Center for the Arts at 700 Howard Street, San Francisco. In this two-day event where the guest will be none other than Kobe Bryant, entrepreneurs, investors as well as developers from all over the world with different agendas will share the same platform exchanging ideas and contacts. Read: All Eyes on Tron\u2019s (TRX) 2 Day NiTRON Summit in San Francisco that Starts Today According […]<\/p>\n","protected":false},"author":34,"featured_media":31986,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1891,5827,5701,1036,1055],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/31981"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=31981"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/31981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/31986"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=31981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=31981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=31981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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