Tron [TRX/USD] Technical analysis: Bull will continue to entertain the market


This week began with all the cryptocurrencies that took the bull's way, with a majority of them growing at double digits. Even the major digital currencies such as Bitcoin, XRP, Ethereum, Litecoin and Tron have seen a surge in their price.

According to CoinMarketCap, at the time of the press, Tron was trading at $ 0.0143 with a market capitalization of $ 951.34 million. The currency has a trading volume of $ 92.61 million and has increased by more than 7% over the last seven days.

1 hour

Chart of prices at a Tron time | Source: trading view

Tron hourly price chart | Source: trading view

In the chart at one hour, the currency has a downtrend from $ 0.0166 to $ 0.0148. It also demonstrates an uptrend from $ 0.0122 to $ 0.0127. The cryptocurrency records another uptrend from $ 0.0135 to $ 0.0144.

The immediate resistance is set at $ 0.0152 and the strong resistance $ 0.0164. The chart shows immediate support for $ 0.0143 and a strong $ 0.0122 support.

Parabolic SAR it is expecting a bearish trend since the points are lined up above the candles.

Chaikin cash flow, on the other hand, is showing a bullish wave as money started to flow into the market.

Bollinger bands they are depicted expanding, predicting a more volatile market for money.

1 day

Tron day price chart | Source: trading view

Tron day price chart | Source: trading view

In the one-day chart, cryptocurrency shows a downtrend from $ 0.0390 to $ 0.0247 and is set at $ 0.0145. The currency has an uptrend from $ 0.019 to $ 0.0129.

The immediate resistance for the currency is $ 0.0158 and the strong resistance is $ 0.0247. The currency found immediate support at $ 0.0128 and the strong support level at $ 0.0118

MACD the indicator has imagined the moving average line doing a bullish crossover.

RSI is showing that the buying pressure and selling pressure for the currency are currently leveled on the market.

Klinger Oscillator indicates the reading line that makes a bullish crossover.


The coin shows CMF from an hour. chart, and Klinger Oscillator and MACD from the one-day chart have decided to walk to the bull market. However, the Parabolic SAR chose to walk towards the bear.

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