// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> TRXUSD tries to overcome resistance seen at $0.07 – CoinsMegaNews

TRXUSD tries to overcome resistance seen at $0.07

2 years ago CryptoExpert
TRXUSD tries to overcome resistance seen at $0.07

[ad_1]

TRXUSD tries to overcome resistance seen at $0.07
A double bottom pattern formed at $0.05
An inverse head and shoulders pattern supports the bullish case

Another bullish setup appeared on the cryptocurrency market, this time involving TRON.TRX/USD struggles to overcome resistance seen at $0.07, and various bullish patterns formed in the meantime.

First, we should mention the bearish trend that lasted until the very last moment of 2022. Even in 2022, the market tried to make a new lower low, but somehow, bulls survived.

Second, even if the future price action confirms the double bottom and the inverse head and shoulders pattern, it would mean nothing if they are not accompanied by further strength above the previous higher low.

TRXUSD chart by TradingView

Tron has formed a double bottom pattern at $0.5

During the last weeks of 2022, Tron has formed a double bottom pattern. As it turned out, the $0.05 area was too difficult to break.

A double bottom is a reversal pattern – a bullish one. Hence, it forms at the end of bearish trends.

Its measured move coincides with the measured move of another bullish pattern – an inverse head and shoulders.

An inverse head and shoulders comes to support the bullish case

An inverse head and shoulders pattern takes more time to form. In this case, it took about half a year and is still incomplete. Bulls may want to see the price action closing above the neckline and then heading toward the measured move seen in orange on the chart above.

Whenever there are more than one patterns that point in the same direction, it is said that the market is in a confluence area. But the real bullish break, if any, would come only if TRX/USD is strong enough to break above $0.09, a pivotal area. On such a move, it means that the previous lower high is broken, and more strength should lie ahead.

Share this articleCategories

[ad_2]

Source link

More Stories

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

1 year ago CryptoExpert
Crypto funds register $126 million in outflows led by investor hesitancy

Crypto funds register $126 million in outflows led by investor hesitancy

1 year ago CryptoExpert
ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

1 year ago CryptoExpert
ZachXBT Unmasks Frauds on Ethereum Layer-2 Networks

Fraud Syndicate Targets Ethereum Layer 2: Base, Blast, Arbitrum

1 year ago CryptoExpert
Crypto crashes result in $783 million in long liquidations in the last 24 hours

Crypto crashes result in $783 million in long liquidations in the last 24 hours

1 year ago CryptoExpert
Polygon (MATIC) Investor Skepticism Grows Ahead of Price Correction – What’s Next?

Here’s Why Polygon (MATIC) Price Faces a 35% Correction

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Black-jack Video game

6 days ago xtw18387208b

Online Port Machines: The Ultimate Overview to Playing and Winning

1 week ago xtw18387208b

Playing Slots Online – What You Need To Know

1 week ago xtw18387208b

Stand Out in Sp5der Clothing – Express Yourself Sp5der Clothing Shop

2 weeks ago xtw18387208b