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Tron [TRX] Price Analysis: Focus on The Inverse Head-and-Shoulders Pattern


  • TRX/USD is among the few coins in the green following a 1.94% rise in the last 24 hours.
  • XRP/USD is likely to continue in an uptrend and even touch $0.035 before a reversal occurs.

Tron is the bull among the sloth of bears that seem to be returning for revenge following more than a week of incredibly bullish movements across the entire market. TRX/USD is among the few coins in the green following a 1.94% rise in the last 24 hours.

This is the third time that Tron is breaking above the 200-day SMA since the declines that last year in May. The last two breakouts were not that significant. However, the current bull strength displayed by cryptocurrencies across the market shows that there is more to come.

Tron Price Analysis
Chart Source: TradingView

TRX/USD Longer-term Overview: Daily Chart

According to the trends shown by the daily chart, TRX/USD has a long-term bullish outlook. The short-term 100-day SMA has maintained the position above the longer term 200-day SMA to indicate that the bulls have an…



Read Full Story : Coingape

2019-04-09 06:40:12

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