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).
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2020-05-06 13:12:27.038164 | 2 min