Tron Price Action – TRX Continues Bullish Movements with Higher High

2019-1-27 17:44

Tron Daily Chart

The price of Tron has continued its bullish movements today as it continued to form a higher high.

Price met resistance at $0.031 after just surpassing the resistance level at $0.028 yesterday.

$0.028 to $0.031 was an important area of consolidation during declines which took place in August.

The daily candle is currently forming a Doji after the price has retraced from the increase which created a higher high.

A Doji candle is a candle where the open and the close are around the same point and typically reflects uncertainty from the side of traders.

Tron Weekly Chart

The longer-term weekly timeframe would indicate that the next key area to monitor is $0.034 if the price can continue to surpass resistance at $0.031.

The last time price surpassed $0.028; it quickly rose to $0.036 before falling back below $0.028, likely meeting significant selling pressure as it approached and surpassed $0.034.

Tron 4-Hour Chart

The 4-hour chart shows this in closer detail. Price action underwent a significant spike after price surpassed $0.031 but quickly retraced.

Tron 15-Minute Chart

A bearish divergence on the 15-minute chart between price and RSI preceded a price drop which erased some of the early gains we have seen today.

The price, however, may be respecting an upward trend line and setting up for another price rise from here.

Key Takeaways: Bullish movements continue with higher high formed. Price has retraced since forming higher high and is currently forming a Doji on the daily. Bearish divergence on lower timeframe 15-minute chart preceded price retracing from its early gains. Price is potentially setting up for another increase as it looks to be respecting an upward trendline on the 15-minute timeframe.

Tron Price Action – TRX Continues Bullish Movements with Higher High 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 $ 0.0277492 (-100%)

price higher high bullish movements tron resistance

Источник: blokt.com

price higher → Результатов: 126


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