TRXUSD -1W Chart Analysis
Despite the majority of the crypto currencies that appear to be moving slowly but surely at lower prices, Tron is about to register the 7th consecutive week since the trend is on the rise.
Thus, we could see how the price went above the 20-day moving average by mid-December, recording an increase of about 0.0069$ (or 34%) since then, based on some trading volumes above the average.
From the technical point of view, with the exception of the RSI which has a neutral position that signals rather the lack of a possible aggressive movement, the Stochastic and the MACD are indicating that this increase which started on December 17 is not over yet.
If trading volumes will remain at least the same, there is a good chance of seeing the price of Tron breaking the resistance level of 0.2976$ in the coming days.
Thus, we could see how the price went above the 20-day moving average by mid-December, recording an increase of about 0.0069$ (or 34%) since then, based on some trading volumes above the average.
From the technical point of view, with the exception of the RSI which has a neutral position that signals rather the lack of a possible aggressive movement, the Stochastic and the MACD are indicating that this increase which started on December 17 is not over yet.
If trading volumes will remain at least the same, there is a good chance of seeing the price of Tron breaking the resistance level of 0.2976$ in the coming days.
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