TRON (TRX) technical analysis:
Trade setup: Following a bearish breakout from Channel Up pattern and below $0.08 support, price pulled back near $0.073 support, which could be an attractive swing entry, with upside to $0.08-$0.086.
Trend: Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080 (previous support), then $0.086.
Trade setup: Following a bearish breakout from Channel Up pattern and below $0.08 support, price pulled back near $0.073 support, which could be an attractive swing entry, with upside to $0.08-$0.086.
Trend: Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080 (previous support), then $0.086.
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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.
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.