Connect with us

Hi, what are you looking for?

ELEVENEWS

Tron

TRX/USD (Tron): Technical Analysis for May 7, 2018

TRX/USD (Tron)

It’s a hallmark for Tron. Statistics shows that the Tron Network now has more than 1 million users and as the countdown to mainnet launch continues, you should be massing more coins in my view. Well, Tron is a long time buy especially if it lives up to its expectations.

As such, our previous trade recommendation still holds true now that we have that cool double bar reversal pattern forming right at 8 cents, our immediate support line. However, if Tron sellers increase their ramp and drive prices below our support line then trade with the trend. In that case, selling with targets at 6.5 cents and later 5 cents would be ideal.

Advertisement

You May Also Like

Libra

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...

Ripple

When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...

Criptodivisas

(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (www.superior-coin.com), announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...

Ripple

Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews