Hey, I am back with another Technical analysis this time looking again at TRX.
Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump.
That was in short about Tron.
Taking look at the chart.
Tron is in a Bearish channel sitting at strong support zone, if support fails Tron will dip lower. Everything other is written on the chart.
Taking look at the Indicators.
RSI not looking that good, shows low demand, fails to hold bullish, needs to cross key level of 50.
MACD is looking good so far, curving.. it will curve if the price will remain at these levels.
I think thats about it.
Hope I made your view on whats going on with Tron somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump.
That was in short about Tron.
Taking look at the chart.
Tron is in a Bearish channel sitting at strong support zone, if support fails Tron will dip lower. Everything other is written on the chart.
Taking look at the Indicators.
RSI not looking that good, shows low demand, fails to hold bullish, needs to cross key level of 50.
MACD is looking good so far, curving.. it will curve if the price will remain at these levels.
I think thats about it.
Hope I made your view on whats going on with Tron somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Comment:
RSI really undecisive!
Comment:
RSI has broken out, possible ascending triangle.