TRON ($TRX) Current Price Action
Cliff Notes from >> bravenewcoin.com/news/tron-price-analysis-mainet-switch-driving-bullish-sentiment/
Summary
TRX technicals are currently mixed, but pointing bullish. The prudent, shorter term trader will wait to see if price can maintain its current uptrend by staying above the Cloud with a bullish TK recross on (10/30/60/30) settings before entering a long position. Whereas, the prudent, longer term trader will wait for price to breakthrough the narrowing Cloud in combination with the existing bullish TK cross on (20/60/120/30) settings before entering a long position.
If slow Kijun, ~$0.064 support breaks, the next support levels are $0.05, $0.041, and ~$0.03. If slow Kijun support holds, then a retest of the fibonacci level (0.786) and resistance level of ~$0.094 is likely. If price continues to march higher, then resistance levels that become price targets are $0.117 (flat Senkou A), $0.148 (0.618 fibonacci), and $0.186 (flat Senkou B and 0.50 fibonacci level).
Summary
TRX technicals are currently mixed, but pointing bullish. The prudent, shorter term trader will wait to see if price can maintain its current uptrend by staying above the Cloud with a bullish TK recross on (10/30/60/30) settings before entering a long position. Whereas, the prudent, longer term trader will wait for price to breakthrough the narrowing Cloud in combination with the existing bullish TK cross on (20/60/120/30) settings before entering a long position.If slow Kijun, ~$0.064 support breaks, the next support levels are $0.05, $0.041, and ~$0.03. If slow Kijun support holds, then a retest of the fibonacci level (0.786) and resistance level of ~$0.094 is likely. If price continues to march higher, then resistance levels that become price targets are $0.117 (flat Senkou A), $0.148 (0.618 fibonacci), and $0.186 (flat Senkou B and 0.50 fibonacci level).
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