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altFINS
May 2, 2023 11:04 AM

TRX: Symmetrical Triangle Breakout Long

TRON / TetherUSBinance

Description

TRON (TRX) technical analysis:

Trade setup: Bullish breakout from a Triangle pattern confirms existing Uptrend. Upside potential to $0.070-$0.075 resistance zone.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $0.065 (previous resistance), then $0.058. The nearest Resistance Zone is $0.071.
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