1 TRX = $0.089 USD -- No, Don't Stop Here!! Please.. 🙏

puncakbukit (77)in #tron • 3 years ago

5% of the rewards of this post are for @steem.amal

_{(Chart by TradingView)}

From mid-May to mid-June, the Tron Alligator was actively looking for prey, dropping rapidly from resistance $0.17 until it got stuck at support $0.066.

It then continued to slowly decline again until it got stuck again at support $0.046 at the end of July. It then bounced back and accelerated until it stopped at resistance $0.096 today.

Meanwhile, the MACD (Moving Average Convergence Divergence) oscillator is still in a bullish position, although it is starting to weaken. This means that the price of this asset is still rising, but is beginning to slow down.

And the Stochastic RSI (Relative Strength Index) oscillator already looks to be in oversold territory. This indicates that the market price is already lower than the fair price. And investors are expected to buy when it is cheap.

On the other hand, in the chart below you can see that the previously falling price of Bitcoin has jumped, but then corrected again a little. And usually, the price fluctuation of Bitcoin is followed by the price of other altcoins.

Now, the alligator's mouth still appears to be opening upward, but there are a little signs that it is closing. Was he really planning to go to sleep soon? Or is it still rising?

Let's continue following this Tron alligator adventure.