Tron (TRX) Breaking Strong Resistance (Going Bullish!)

After bouncing from a low of 721 satoshis on the 12th May, Tron started to consolidate and is finally moving up strong.
Tron (TRX) is moving and it is moving with good momentum.

- Looking at the 4 hours chart, we can see that Tron took off and is already trading above the EMA100 and EMA50 lines, this is a positive development and a bullish signal.

- We have a bullish crossover on the MACD.

- The RSI is on the bullish side and trending up.

- Both the STOCH and DMI are also bullish / trending bullish.

Get ready for action and visit my other Tron (TRX) trade ideas for targets, trade instructions and additional information.

My profile here: https://www.tradingview.com/u/alanmasters/

Thanks a lot for reading this article...
Thanks a lot for the amazing support.

Namaste.

Trade active:

If you want to find Tron (TRX) targets you can visit this thread.

I will also update the targets there if it is necessary.

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Click on the image below for my main Tron trade:

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Thanks for the amazing comments and support... Highly appreciated.

Namaste.

Comment:

Tron (TRX) upcoming events:

- TronVM v.0.1 (25 May). TronVM v.0.1 will be launched May 25. This version of TronVM uses a VM adpater that will enable complete compatibility with the ETH VM.

- Mainnet Launch (31 May). The launch date of main net will be advanced form July 1st to May 31st.

- Migration from ERC20 (21 June). The migration from ERC20 tokens to TRX, the cryptocurrency on Tron’s public blockchain, will begin on June 21,2018 (GMT+8).

Please allow time for this trade to develop.

We have plenty of room left available for growth on the 4h, 1d + 1w time frame charts. So don't worry about the short term swings, focus on the longer term potential to move up.

Comment:

We never went below 800 satoshis, and now we continue our climb up.

Comment:

We are trading positive here, this is an easy wait.

Just allow time for this trade to develop. Once we start to hit our targets, we start selling... That's all it takes... and sell before the news of course.

Trade active:

We are consolidating and looking good.

Tron (TRX) needs momentum if it wants to break up.

We are looking good overall, but we need to wait longer for the take off.

Namaste.

Comment:

I will post a new chart soon.