TRONIX! TRX is quite a new market so anything can happen, but I drew up a fib to get an idea what she’s upto. Lets have a look.
Strong resistance above the 0.5 fib and possible support formed at the 0.78.
Trend is still bearish and we could see retest of the 0.78 fib a few times before going higher.
Like most setups right now, perfect for the high risk trader, more conservative setup would be to wait for consolidation above the 0.618.
Buying Tron between $0.03 – $0.06 is a bargain, longer term.
Easy x2 here.