TRXUSD - 1D Chart Analysis
Considering also the spikes we could see in the market today, Tron's price still seems to have room for improvement. Not only that it went above the Pivot Level but it also seems it will create a green candlestick above the 20 days Moving Average which will mean that the confirmation of the bullish trend is about to happen.
The RSI jumped from it's neutral position, the Stochastic confirmed the bullish trend, while the MACD line just crossed the Signal one, meaning that the price it's expected to go even higher.
The possible scenarios are :
* If the price will finish the day higher than 0.0237$, the next possible target prices are 0.0277$ and 0.0317$ in extension.
* If the price will finish the day below 0.0237$, it means that the the bullish trend will fail to confirm and the next possible targets can be considered 0.0202$ or 0.0166 in extension.
The RSI jumped from it's neutral position, the Stochastic confirmed the bullish trend, while the MACD line just crossed the Signal one, meaning that the price it's expected to go even higher.
The possible scenarios are :
* If the price will finish the day higher than 0.0237$, the next possible target prices are 0.0277$ and 0.0317$ in extension.
* If the price will finish the day below 0.0237$, it means that the the bullish trend will fail to confirm and the next possible targets can be considered 0.0202$ or 0.0166 in extension.
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