Tron technical analysis today shows slight upward movement (1%+) with hovering above 10H and 20H EMAs crossover.
Let's look at the insights of Tron price analysis 2019 on its Hourly (1H)-timeframe chart.
Monthly open and previous weekly open is acting as immediate support (green bar) since last few days.
The short-term downtrend line (black), since 4th February ' 2019, needs to be broken in order to test the immediate resistance (red bar) around $0.026+. It has been testing the $0.026+ immediate resistance for the past two days. Tron's Elliott wave theory depicts that we are in the last wave of its complete cycle.
Though MACD is slightly turning bullish Stoch-RSI is moving in the overbought zone.
Overall, Tron wave has managed to gain a lot of traction and new followers. Tron analysis meaning showed that it has been steadily climbing the price ladder and has bagged a position in the top 10 cryptocurrencies (market cap).
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like KuCoin, IDEX, Changelly, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!
2019-08-24 15:59:12.104871 | 2 min
2019-05-13 13:27:32.153361 | 2 min