- Tron reversed from a daily up channel
- Likely to fall to support level 0.3400
Tron cryptocurrency recently reversed from the resistance trendline of the narrow daily up channel from the end of June – standing well above the upper daily Bollinger Band.
The downward reversal from the resistance trendline created the daily Japanese candlesticks reversal pattern long-legged Doji.
Given the strongly bearish sentiment seen across the crypto markets today and the overbought daily Stochastic, Tron cryptocurrency can be expected to fall to the next support level 0.3400.
- Likely to fall to support level 0.3400
Tron cryptocurrency recently reversed from the resistance trendline of the narrow daily up channel from the end of June – standing well above the upper daily Bollinger Band.
The downward reversal from the resistance trendline created the daily Japanese candlesticks reversal pattern long-legged Doji.
Given the strongly bearish sentiment seen across the crypto markets today and the overbought daily Stochastic, Tron cryptocurrency can be expected to fall to the next support level 0.3400.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.