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TRON Technical Analysis | 31 August 2018

2018-08-31 09:45 am | Resource: Technical Analysis Section | No Views : 1421

TRON Technical Analysis | 31 August 2018 TRON (TRX) against USD during mid-week trading failed to breach the resistance zone 0.02516 $ due to weakness of the bull's determination.
The digital currency you see is trading in a bullish direction under formation. This trend is weak due to instability. The resistance area is above $ 0.02516 on the 4 hour interval and the ADX indicator in a position does not support the current bullish trend.
TRON Technical Analysis | 31 August 2018
The slow moving SMA and the SMA are neutral as a result of the lack of confirmation of the negative cross that occurred during yesterday's trading.
Momentum Relative Strength 14 Break the bullish trend line during the morning trading yesterday and we do not recommend buying currently due to the large weakness facing the encrypted currency and the possibility of breaking the trend line upward during the coming hours.

Outlook:

It is expected that, in the case of a digital currency break you see areas of $ 0.02763 may target levels of $ 0.03012.
On the other hand, a break of $ 0.02363 might target $ 0.02127.
Support: 0.02080- 0.0153- 0.01008
Resistance: 0.02516 - 0.03113- 0.03983
Trend: Up

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