$TRON Golden Cross about to take shape on the daily candlestick chart. 50-day appears days away from crossing over top of the 200. RSI has plenty of room to run, and the MACD crossed with histogram flipping over to positive. Pivot Points showing R1 at .0111 and R2 at .0138. MFI showing 68 with headroom before overbought. EMV showing ease of movement volatility in favor of liftoff. Bullish daily candle for 12/18/18, showing MM pushing down to the 200SMA at .008 and one tick above the 50 at .0079. Daily low at .008 at 200SMA was aimed to shake, not just coincidence. Ichimoku Cloud looks to flip green, forecasting around 1/7/19. Last cloud flip to green was in tandem with the pps at .0269. All in all, the daily chart is nicely set to match fundamentals delivered by Rene and Toron. Optimum scenario is a chart run, followed by a cooling of the chart, then followed by a fundamental run based on either the 8k and/or finalized transfer of state and federal licenses, showing the seal on the deal from legal filings and govt entities. And while nothing is certain until it is certain, odds are looking very bullish here on all fronts. Lastly, below is a bit of info on the Golden Cross formation. The "Applications" paragraph is not my own and was copied from Investopedia.
Chart: https://stockcharts.com/h-sc/ui?s=tron
Applications of the Golden Cross
The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts. For example, the daily 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals. With a bellwether index, the motto "A rising tide lifts all boats" applies when a golden cross forms as the buying resonates throughout the index components and sectors.
Chart: https://stockcharts.com/h-sc/ui?s=tron
Applications of the Golden Cross
The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts. For example, the daily 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals. With a bellwether index, the motto "A rising tide lifts all boats" applies when a golden cross forms as the buying resonates throughout the index components and sectors.
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