• Cryptocurrencies: 3850
  • Markets: 22626
  • Market Cap: $275254571512.14
  • 24h Vol: $85137779323.88

TRX: Get Ready for Breakout

  • Justin Sun released early that they burned $800 Million worth of tokens
  • The Short to Medium outlook over the overall market makes TRX bullish
  • Breaking out of accumulations on the Higher time frames.


What does the Technical Analysis say?

  • The Higher time frequencies of 1D illustrate that TRX or TRON is oversold.
  • The RSI Stochastic has crossed over illustrating a bullish reversal perhaps to retest the $0.032
  • Decreasing volume on the higher time frames illustrate that a big move will occur shortly.
  • TRON is currently in the accumulation period, it is viewed by Nouvive Research that TRON will breakout within the next 4 Days.
  • Three little soldiers (Price action) can be seen, especially if TRON surpasses $0.0228 – meaning it has passed the first resistance.
  • There are a lot of price gaps that need to be filled especially at the second resistance area of $0.03.
  • The 200MA line is historically where a breakout will stop short, therefore this is $0.032.

Nouvive Research has calculated the past 90D market sentiment of TROn. Deeming it increasing from Neutral to Rising Bull sentiment. 

They have also mentioned that TRON has one of the largest communities in the Crypto-Asset Community. 

Nouvive sees a trade from $0.0217 for those wanting to FOMO in with a take profit at $0.031 representing a 40% move.

Nouvive sees a slow trade of dollar cost averaging from $0.02 with a take profit of $0.032 representing a 61% move.

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Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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