Tron [TRX] Price Prediction – After Reaching Resistance, What Will Happen Next?

Tron [TRX] Price Prediction – After Reaching Resistance, What Will Happen Next?
фото показано с : blokt.com

2019-1-6 22:08

Tron (TRX) 3-Day Chart – Source: TradingView.com

A look at the 3-day chart for TRX shows that price has moved past the 7 and 21 period moving averages and is currently in the area of resistance formed by the highs of August and October 2018.

Price is also facing resistance from the cloud. While price break resistance or will it retrace? Let’s find out.

Long-Term Outlook Tron (TRX) Daily Chart – Source: TradingView.com

A look at the daily chart gives conflicting information.

Price is facing resistance from the 200-period MA, which coincides with the resistance area outlined in the 3-day chart.

Furthermore, there is a bearish divergence in both the RSI and the MACD.

However, the price is above the 7, 21 and 50-period moving averages and has managed to break above the cloud.

Medium-Term Outlook Tron (TRX) 12-Hour Chart – Source: TradingView.com

A look at the 12-hour chart paints a slightly more bearish picture.

Price is developing significant divergence in both the RSI and the MACD.

Short-Term Outlook and Price Prediction Tron (TRX) 6-Hour Chart – Source: TradingView.com

A look at the 6-hour chart supports the findings of the previous, longer-term charts.

Price has developed significant bearish divergence in both the RSI and the MACD.

This makes a double top pattern very likely.

Therefore, I believe that within the next two weeks price will fall and test the support area at $0.16.

Conclusions: Price is at a significant area of resistance. A bearish divergence is developing in the mid-long timeframes. Double top pattern likely. Tron Price Prediction: Price will fall and test $0.16 within two weeks. Latest Tron [TRX] News:

Tron Releases DApp Weekly Report, Justin Sun Hails a Successful Year

Justin Sun’s Goals for TRON and TRX in 2019 Revealed With a Retweet

Tron [TRX] Price Prediction – After Reaching Resistance, What Will Happen Next? 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 $ 0.0302422 (-100%)

resistance price trx tron happen prediction reaching

Источник: blokt.com

resistance price → Результатов: 126


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