Tron(TRX): About To Explode!

Tron is left in the 50/50 position, where as of now we see a price hovering below 200EMA, which seems to be one of the major zones to hold the price (while also we have been building up a nice higher low on the triangle formation).

With that being said, we are looking for further confirmations, but the setups that we look into are shown. Now all we have to do is keep an eye on that smaller trend and the 200 EMA line and wait.

Swallow Team

Comment:

Tron has shown some good rejection and a downward movement but is not yet strong enough for a full breakdown of the triangle formation.

We are looking for further attempts to happen here as we are getting closer to the end of the pattern, which leaves almost none to zero space for movement.

Comment:

Tron has had a nice recovery from that fakeout zone, and now we are looking for a price to trade inside that zone for some time now.

We are looking closely at that 200 EMA zone for any potential rejection there; if we break it and also break the resistance (with confirmation), we will have a good upward move.

Comment:

Tron made a nice breakdown movement, which resulted in a small, humble 7% market price movement for us.