Tronix is in a triangle - if it breaks the resistance it's bullish if it drops below the support it's bearish. TK cross occurred in the kumo cloud which is a neutral bullish sign. RSI seems bullish and is almost above the 50-zone which is good. I drew 2 possible triangles but both are gonna break out soon.
Kommentera:
Nothing significant happened on the first triangle. There might just be more consolidation. Resistance still relevant though
Kommentera:
Tronix broke out! Gonna chart an update in a bit.
Kommentera:
The ichimoku is looking bearish on the 1h.
Kommentera:
the 4h shows a different story though. It's testing the upper resistance of the kumo cloud right now. I think we need more volume to confirm a bullrun.
Kommentera:
Tronix did a great run! Nice gains if you got in early.