Tron cryptocurrency can be expected to rise further toward the next resistance level 0.3250 (former support from September and October).
- Tron reversed from strong support level 0.3085
- Likely to rise to resistance level 0.3250
Tron cryptocurrency recently reversed up from the support zone between the strong support level 0.3085 (which stopped the previous impulse wave (A) in June, as can be seen from the daily Tron chart below) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks pattern Three White Soldiers, which completed the intermediate impulse wave (C) of the primary ABC correction 2 from the end of May.
Given the strength of the support level 0.3085, the bullish divergence on the daily Stochastic and the cautiously bullish sentiment around Tron after the activation of its network Proposal 108, Tron cryptocurrency can be expected to rise further toward the next resistance level 0.3250 (former support from September and October).
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
By admin
32 views