Tron [TRX] Holds Strong Above Key Level

2019-1-3 19:13

Tron Daily Chart – Source: Tradingview.com

Tron has had a bullish start to 2019 as it has held above the point where price crashed in mid-November of 2018.

The end of 2018 was extremely bearish for almost every cryptocurrency, and Tron particularly crashed hard when it broke below support at $0.018 in mid-November.

It has since recovered above this level, and any drops close to this level have quickly met support.

The market overall has been bullish with many major cryptocurrencies forming ascending triangle patterns which are bullish trend continuation patterns.

Tron is currently recording its third consecutive daily increase and trades around $0.021.

If price can continue to increase from here, the next significant area of resistance to monitor is $0.028.

For the price to rise to this point, there will likely need to be continued bullish conditions across the cryptocurrency market.

Tron 4hr Chart – Source: Tradingview.com

The four-hour chart for Tron is showing that the short-term outlook is setting up bullish. Both the MACD and RSI are increasing indicating of increasing buyer momentum.

There is also an upward trend line forming, and the most recent candles price action has managed to overtake the losses of the three previous price action candles.

While overall market conditions remain bullish, the technical analysis for Tron is setting up for a likely outperformance.

Key Takeaways: Tron price holds above a key support level at $0.018. This is the point where price crashed in mid-November. Shorter-term outlook is setting up bullish with an upward trend line forming and the most recent 4-hour candle overtaking the losses of the three previous candles. Both the RSI and MACD are also increasing on the 4-hour indicative of increasing buyer momentum. Latest Tron News:

Tron’s TRX Will Now Be Available on Ellipal Cold Wallet

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DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Tron [TRX] Holds Strong Above Key Level was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0228088 (-100%)

above tron level crashed mid-november 2018 cryptocurrency

Источник: blokt.com

above tron → Результатов: 57


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