Tron Price Prediction – Will TRX Break Through the $0.032 Area of Resistance?
A look at the 6-hour chart for TRX shows that price touched the $0.030-$0.032 area of resistance before retracing a small amount.
Price is currently trading at $0.00298.
The RSI is at 75, indicating overbought conditions, but there are no signs of bearish divergence yet.
Similarly, the MACD rejected a bearish cross and is moving upward with significant strength, not showing any signs of divergence.
Furthermore, the price is following a steadily increasing support line.
A look at the 2-hour chart shows the first signs of weakness.
The RSI has developed a small amount of bearish divergence, and the MACD has lost most of its power; however, it is not negative yet.
It is worth keeping an eye on whether the MACD makes a bearish cross or rejects it.
A look at the 1-hour chart shows an even more pronounced bearish divergence in the RSI, which preceded the drop in price from $0.031.
Furthermore, the MACD has made a bearish cross.
However, it looks like it wants to steady itself and maybe get ready for another run.
A look at the 30-minute chart shows an even more pronounced bearish divergence.
However, the MACD rejected a move to negative territory, and it is showing signs that it wants to increase and get ready for another run.
Tron Price Prediction:
I believe that price will touch the $0.032 resistance before retracing to the support line at $0.027.
- Price is following a steadily increasing support line.
- There is a bearish divergence in short-term timeframes.
Tron Price Prediction – Will TRX Break Through the $0.032 Area of Resistance? was originally found on copy trading cryptocurrency | Blockchain News | Bitcoin News | blokt.com.