TRON Price Prediction: TRX Finally Breaks Out

2019-4-2 11:24

Long-Term Outlook Tron Weekly Chart – Source Tradingview.com

A look at the Weekly chart for TRX shows that the price tried to break out of the 50-period moving average but was unsuccessful.

This was the second time it has attempted a breakout.

The MA coincides with the $0.03 resistance area. The price dropped immediately and is trading at $0.027.

The MACD has made a bullish cross and is moving upward, almost crossing above 0.

The RSI is at 54, indicating neither oversold nor overbought conditions.

There had been a minimal movement for the past seven weekly candles before a rapid upward move was initiated today.

Medium-Term Outlook Tron 3-day Chart – Source Tradingview.com

A look at the 3-day chart shows that price has found support above the 50-period moving average.

However, it is trading below the 100-period MA.

While the MACD was into negative territory for a short period, it is currently in the process of making a bullish cross.

The RSI is at 60.

We can also see the minor support area near $0.017

Tron Daily Chart – Source Tradingview.com

A look at the Daily chart shows that the price is possibly trading inside an ascending triangle and has been doing so since late November 2018.

The price is trading above the 50, 100 and 200-period moving averages.

Short-Term Outlook and Price Prediction Tron 6-hour Chart – Source Tradingview.com

A look at the 6-hour chart shows that the price just broke out of the resistance line in place since January 12.

The closest resistance area is found near $0.033, coinciding with the resistance line of the ascending triangle in the daily chart.

Price Prediction:

I believe that during the next week the price will trade inside the confines of the triangle.

Conclusions: There is support near $0.012 and resistance near $0.03. Price is trading inside an ascending triangle. It recently broke out from a medium-term resistance line. Latest Tron News:

Tron [TRX] and IOTA Price Action – Uncertainty From Traders Regarding Price Prospects

Justin Sun and Tron’s dApp Domination Plan Gets a Boost With CoinPlan Acquisition

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

TRON Price Prediction: TRX Finally Breaks Out was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

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 $ 0.0263428 (-100%)

price out trx tron prediction breaks finally

Источник: blokt.com

price out → Результатов: 126


Ethereum May Surge 35% to $200 in Near-Term; What Will Fuel It?

Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U. S. dollar. Similar to how several strategists expect the bitcoin price to increase substantially if it breaks the $4,200 resistance level in the near-term, traders foresee Ethereum rising to as high as $200 if it rebounds over crucial levels.

2019-3-31 13:29


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together

Many cryptocurrencies surged after the market rejoiced in the presence of the bull. However, the bull seemed to have left the market as major coins acquired new normalcy. While, Ethereum [ETH], the second largest cryptocurrency and Tron [TRX], the eleventh largest cryptocurrency, were battling it out in the coin market, Ethereum’s Vitalik Buterin and Tron’s […] The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together appeared first on AMBCrypto.

2019-3-29 12:30


Фото:

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


Cardano [ADA] price set to bounce off resistance and head downwards; Here are the important levels to look out for

Cardano, the tenth largest cryptocurrency on CoinMarketCap had a decent rally over the past few days. The price of the cryptocurrency surged by 133% since December 16, 2018. However, the rally seems to be coming to an end as price candles have formed at the end of the ascending channel/rising channel.

2019-3-28 16:45


Newsflash: Bitcoin Price Stumbles Below $4,000; No Fret, A Swift Rebound is Coming

In the past several hours, the bitcoin price slipped below the $4,000 mark from $4,035 to $3,934, recording a 1 percent drop against the U. S. dollar. Given the fact that it took nearly three weeks for bitcoin to break out of the $3,000 region and reach $4,000, the sudden drop in the price of bitcoin below the $4,000 level initially led traders to reconsider the near-term price trend of the dominant cryptocurrency.

2019-3-26 11:50


Bitcoin Price: Key Technical Indicator Shows BTC Surging to $5,500

Throughout the past three months, the bitcoin price has flirted with the $4,200 resistance level, often struggling to maintain momentum above the key $4,000 mark. Several traders have demonstrated concerns over the extended period of stability demonstrated by bitcoin because, in late 2018, the cryptocurrency recorded a drop of around 50 percent following three months of stagnation in the $6,300 to $6,500 range.

2019-3-24 21:30


Фото:

Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s.

2019-3-23 01:23


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.