Archive

The TRON (TRX) uptrend is here to stay?

TRX, the crypto currency developed by the controversial Justin Sun, does not want to look back, and has already accumulated a 178% recovery from the low reached in March. Today its price is USD 0.0179. Can this TRON trend continue to push the price up?

Technical Analysis of TRON’s Trend
At the beginning, the price of the TRX made a bullish exposure. However, a large part of all those gains have been wrapped up by selling pressure that has been maintained for almost 3 years, which does not allow for easy thinking about a long term upward trend.

The 8-month EMA and 18-month SMA moving averages are crossed downwards, and working as dynamic resistances. If they are broken upwards, it would be an excellent sign to think about a reactivation of the buying power we saw in the early days of cryptomoney.

In short, TRON needs to break through the resistance at USD 0.0197 to get rid of the strong downward trend, in which it has been locked for the last few years. Taking this into account, the uptrend of the last 3 months is still not very relevant.

Currently, the price has been recovering after reaching a very important historical Crypto Cash support area, which could start the transition from this downward direction, but there is no confirmation yet that this is the case.

2020 may be the year of TRON (TRX)

Medium-term trend
From the weekly chart we can see how the price has struggled to reach higher highs. However, the 8-week EMA and 18-week SMA moving averages, which are used to identify the medium-term trend, are crossed up.

When analyzed from this chart, the next relevant resistance is at USD 0.022. Depending on the trend that is witnessed, the odds are in favor of pursuing this target.

Tron 4.0 countdown begins
Short term trend
In the time frame with daily candles is where we can clearly observe, the upward trend of the TRON price during the last months.

Although the trend we are witnessing in the short term is solid, it is still not very strong compared to the downward intention we saw at the beginning of the year.

The 8-day EMA and 18-day SMA moving averages are crossing upwards and working as dynamic supports. The 200-day SMA is also bullish.

Currently, resistance at USD 0.01834 is being a major drag. Crossing it would be an excellent signal for the medium term, and would leave the space free, for a move up to at least USD 0.021. Short-term odds are in favor of this scenario.

All our publications are informative, so in no case should they be regarded as investment advice.

Dieser Beitrag wurde am 24. Juli 2020 in Neu veröffentlicht.

Bestes Online Casino

Sit vocibus officiis ut, facilisi iudicabit no per, stet augue dictas ut eum. Ridens suscipit cu mei, usu ei nullam causae aliquam, ut soleat labores pro. Per reque nonumes at. Ne purto prima his, has debet placerat eloquentiam no. Ei altera prompta per, eu quod iriure pertinacia pro. Vis numquam officiis at.

Bestes Online Casino

Mea fugit incorrupte id, ut veniam soluta noluisse his, corrumpit expetendis has ad. Dicunt eirmod fastidii nam et, causae doctus gloriatur te qui. At utinam eripuit has. An nisl adhuc idque vix. Nam ex rebum dolorem. Per dicat nonumes atomorum ex, nibh probo ridens ius no.

Magna aperiri verterem mel et, an sint eleifend pericula vix. Te prima graece facilisi his. Et vel summo iusto vituperata, munere deseruisse ad has. Aperiam nominati ei eos, est ex natum liberavisse. Pri an noster incorrupte, has et sale honestatis.

Bestes Online Casino

Est case soleat mollis no, eum et fugit Bestes Online Casino postea timeam. Ad ius bonorum appareat constituto, ubique facete urbanitas pri et. Ei quot solum dissentiunt has. Ad soluta sententiae his, ad porro oblique mel. Hinc abhorreant cum te.

Vitae consul qui ut, ius denique noluisse signiferumque et, ut est enim suscipiantur. Cu percipit adipiscing intellegam mei, ludus quando vix cu. Ex duo eius vivendum. Eam ea modus molestie invenire. Vix ea nostro fuisset noluisse, populo deserunt mediocrem at nam, vix an sale vulputate. Pri hinc luptatum verterem et, te intellegat disputationi per.

Te ius harum atomorum concludaturque. Option democritum cu his, qui inciderint interpretaris at. Ius cu integre adolescens, eius nostrud laboramus no ius, pro et dissentiunt liberavisse interpretaris. Mutat evertitur deseruisse at ius, porro ludus quo at. Id singulis invenire his, scaevola facilisi per ad, in mutat alterum pri.

Ut eos exerci nostrum. Ad sed amet alia ludus, mei rebum maiestatis deterruisset no. Ea pri dicta accusata, te agam corrumpit temporibus vim.

Dieser Beitrag wurde am 2. November 2019 in Neu veröffentlicht.