Lokesh Gupta
29-04-2024
#Tron price fails to surpass May 2021 peak levels, encountering a bearish reversal from the $0.1442 resistance.
A 27% pullback ensues, marked by multiple weekly bearish candles, causing the market value to decline to nearly $0.1050.
Despite the downturn, solid demand emerges at the psychological support level of $0.1000, reinforcing a buy-the-dip sentiment for #TRON.
The 61.80% Fibonacci retracement level, coupled with a longstanding support trendline, amplifies the bullish momentum at lower price levels.
A morning star pattern forms, increasing the probability of a bullish reversal.
With buyer activity prevailing above $0.1000, a reversal rally is anticipated, potentially driving $TRX price towards $0.1500.
As per Coingabbar analysis, Conversely, if a reversal rally initiates from the $0.1200 mark, it may lead to a downturn, with prices potentially falling back to $0.1000.
KEY LEVELS :
RESISTANCE LEVEL : $0.14500-$0.18000
SUPPORT LEVEL : $0.10000-$0.05000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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